Daiichi Life NZ unit Partners Group agrees to buy Fidelity Life for NZD 630 million

• Daiichi Life’s New Zealand unit Partners Group Holdings agreed to buy Fidelity Life, a local life insurer focused on protection products.
• Purchase consideration set at NZD 630 million for 4,492,670 shares, taking ownership to 100% from zero.
• Closing targeted for March–July 2027, subject to required approvals.
• Deal aimed at strengthening New Zealand scale via complementary IFA distribution, including suburban and regional advisers.
• Transaction expected to add about NZD 60 million a year to adjusted profit, potentially from the next medium-term plan period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Daiichi Life Group Inc. published the original content used to generate this news brief on September 03, 2026, and is solely responsible for the information contained therein.