Pan-American Life Insurance Group Announces Acquisition of Hola Doctor Inc.

Acquisition Supports New Five-Year Strategic Plan

NEW ORLEANS–(BUSINESS WIRE)–Pan-American Life Insurance Group (PALIG) today announced that it has
acquired Hola Doctor Inc. (HolaDoctor), the leading digital provider of
health and wellness solutions for Hispanic audiences. The acquisition is
a significant strategic initiative by PALIG that both expands its
presence in the U.S. Hispanic market and strengthens its position as a
healthcare leader in Latin America. Terms of the deal were not disclosed.

“We are excited to welcome HolaDoctor to the Pan-American Life Insurance
Group family,” said José S. Suquet, Chairman of the Board, President and
Chief Executive Officer of Pan-American Life Insurance Group. “As a
leading insurance provider to Hispanics focused on improving the
wellness of our members, PALIG is accelerating our growth strategy in
the U.S. Hispanic market by integrating an organization with a proven
track record of more than 15-years providing health and wellness
solutions to the same audiences.”

“Pan-American Life’s proven financial strength, strong record of
profitable growth and focus on Latin America and the Caribbean, combined
with HolaDoctor’s comprehensive Spanish-language health-and-wellness
content library and programs will enhance PALIG’s offering of wellness
and health-risk-assessment tools for our clients and make our offering
more attractive to employers in Latin America and U.S. companies that
employ a large number of Hispanics,” said Mr. Suquet.

“HolaDoctor’s digital marketing operation and insurance brokerage unit,
which specializes in health insurance exchange products, provides PALIG
with a new distribution channel to reach underserved Hispanic
individuals and Hispanic-owned small businesses; and complements our
existing producer network in the United States. In addition, nearly 75
percent of the traffic to HolaDoctor’s web properties originates in
Latin America, a key market for PALIG,” he added.

The resources developed by HolaDoctor will also help PALIG to create
more meaningful interactions with its members and improve the wellness
of policyholders by educating them about the importance of adopting a
healthy lifestyle and promoting both the early detection and proactive
management of chronic illnesses. In addition, HolaDoctor’s
consumer-directed websites have a combined audience of nearly 2.5
million unique monthly visitors and a strong social media presence,
including its Facebook page with more than 600,000 followers.

“We are excited about joining the Pan-American Life Group family. We
believe that PALIG’s and HolaDoctor’s current operations are highly
complementary and provide a great opportunity to fast track HolaDoctor’s
growth across the Americas,” said Roberto Estrada, co-founder, Chairman
and CEO of HolaDoctor.

“By joining Pan-American Life Group, HolaDoctor will be able to draw on
PALIG’s expertise in the insurance market and its financial strength to
expand our individual and Hispanic-owned small business insurance
marketing and brokerage operations, as well as extend our reach to other
important Hispanic communities outside the states HolaDoctor currently
serves,” said Mr. Estrada.

Over time, PALIG will be able to develop individual life, accident and
health insurance products tailored to the U.S. Hispanic market that can
provide complementary benefits to those products already offered through
HolaDoctor’s insurance brokerage unit.

“This acquisition is in line with PALIG’s new five-year strategic plan,
which was approved by our Board in May 2017. The launch of the new
strategic plan was accelerated because we achieved the financial
objectives of the 2014-2018 plan two years ahead of schedule. We will
continue to explore strategic market opportunities that align with the
five areas of concentration of our plan, including: serving the U.S.
Hispanic Market; Digital Insurance; Reaching Underserved Markets;
Wellness; and Accident & Health. Also with the addition of HolaDoctor,
we continue to position PALIG as a healthcare leader in the Latin
American countries in which we operate,” said Mr. Suquet.

HolaDoctor will operate as a wholly owned subsidiary of Pan-American
Life Insurance Group with a significant level of independence, although
teams from both organizations will share expertise, product assets and
resources to grow the business. The acquisition is not expected to
affect employment at Pan-American Life or HolaDoctor.

The acquisition has been approved by the boards of directors of both
HolaDoctor Inc. and Pan-American Life, as well as HolaDoctor’s
shareholders.

About Hola Doctor Inc.

HolaDoctor® is a leader in health services for Hispanics. Founded in
1999, HolaDoctor is a trusted online resource for Hispanic consumers
interested in improving their health and well being. The company’s
flagship website, HolaDoctor.com, is a leading web and mobile
destination of health and lifestyle content and programs in Spanish,
with millions of visitors per month and a fast-growing registered
database surpassing two million Hispanics. HolaDoctor also markets
health and life insurance primarily to individual Hispanic consumers
through Hola Seguros (dba “HolaDoctor Insurance Services”), a wholly
owned subsidiary of HolaDoctor. HolaDoctor Insurance Services sells
individual insurance in several states including Florida, California,
Texas, New Jersey, Illinois, Arizona and Georgia. The company helps
Hispanics enroll in the best insurance plan for them and their families
through its bilingual call center in Miami, and company-owned retail
stores in New Jersey. For more information, visit www.holadoctor.net.

About Pan-American Life Insurance Group

Pan-American Life Insurance Group is a leading provider of insurance and
financial services throughout the Americas that has been delivering
trusted financial services since 1911. The New Orleans-based Group is
comprised of more than twenty member companies, employs more than 1,750
worldwide and offers top-rated individual and/or group life, accident
and health insurance, employee benefits and financial services in 49
states, the District of Columbia (DC), Puerto Rico, the U.S. Virgin
Islands, and throughout Latin America and the Caribbean. The Group has
branches and affiliates in Costa Rica, Colombia, Ecuador, El Salvador,
Guatemala, Honduras, Mexico, Panama, and 13 Caribbean markets, including
Barbados, Cayman Islands, Curacao and Trinidad and Tobago. For more
information, visit the Pan-American Life Web site at palig.com,
follow us on Twitter @PanAmericanLife,
and connect with us on LinkedIn at Pan-American Life
Insurance Group.

Contacts

Pan-American Life Insurance Company
Marta C. Reeves, 504-566-3112
MReeves@palig.com
or
Fleishman-Hillard
Isabel
Abislaiman, 305-520-9017
isabel.abislaiman@fleishman.com