Creating sustained mutual value
Milliman approaches acquisitions as strategic partnerships, focusing on long-term commitment and cultural fit. We concentrate on development and nurturing companies within our portfolio.

Our approach to acquisitions
Milliman prioritizes long-lasting value. We invest in and support our acquired companies, seeing them as integral to our ecosystem of continuous innovation and growth.
Cultural fit and empowerment
We seek exceptional individuals and teams, not just intellectual property. Acquired companies maintain considerable autonomy, enabling smooth transitions and continued cohesion. People who join us through acquisitions often have very successful long-term careers within Milliman.
Strategic growth opportunities
Milliman seeks innovations that align with our existing assets to create transformational growth potential.
Flexible deal structures
We tailor acquisitions to fit each seller’s goals, whether they’re a founder, investor, or part of a corporate carve-out.
Where we invest
Milliman prioritizes long-lasting value. We invest in and support our acquired companies, seeing them as integral to our ecosystem of continuous innovation and growth.
Typical characteristics
We proactively search for entities that align with our business objectives and expand our offerings. We often look for:
- Early-stage product companies with compelling technology, actionable data, outstanding people, and a scalable business idea.
- Consulting firms that augment our expertise and geographical footprint
- Partnerships with shared risks and rewards
- Entities that can accelerate growth using Milliman’s assets, including brand, client relationships, expertise, access to capital and operational infrastructure.
Investment focus areas
We typically invest in companies that augment our core business areas:
- Health
- Insurance & Insurtech
- Retirement & Benefits
- Risk
- Data
We believe a diverse portfolio of solutions enhances value for our clients. Don’t hesitate to reach out if you see an opportunity.

Building for the long term: How IntelliScript thrived after a Milliman acquisition
See how Milliman’s acquisition of IntelliScript drove growth with resources and brand support while preserving its entrepreneurial spirit.
With Milliman IntelliScript, we found a partner committed to empowering consumers, enabling us to expand our reach and impact in the healthcare data space."
—Jennifer Blumenthal, OneRecord
Milliman acquired OneRecord to strengthen our digital health offerings and expand our network and business use cases to drive value and increase the impact of IntelliScript on the insurance industry.
Joining Milliman provided Life Strategies with the global reach we needed to deliver even greater value to our clients while maintaining our leadership in Ireland."
—Dermot Corry, Life Strategies
Milliman acquired Life Strategies to expand its presence in Ireland and Europe. Joining Milliman enabled Life Strategies to leverage Milliman's global network to handle large-scale, cross-border projects while maintaining its position as a market leader.
Being acquired by Milliman was a game-changer for SkySail, providing the resources and industry connections we needed to accelerate our growth."
—Brandon Kessler, SkySail
Milliman acquired SkySail to enhance its risk assessment capabilities, allowing SkySail to rapidly scale its innovative healthcare technology through Milliman's expansive network and industry resources.
Interested in discussing an acquisition by Milliman?

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