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News Breaks
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December 6, 2011
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| 10:50 EDT |  | AFG |
| theflyonthewall.com: | American Financial Group unit acquires two insurers in Texas | | Great American Insurance Group, a subsidiary of American Financial Group, announced it has entered into an asset purchase agreement with Employers Comp Associates and Freeman Administrative Solutions, which are both owned by Darlene and Larry Freeman and headquartered in Dallas, Texas. :theflyonthewall.com |
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May 10, 2012
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| 16:34 EDT | | AFG |
| theflyonthewall.com: | American Financial Group to sell business to Cigna for $295M | | American Financial Group (AFG) announced that it reached a definitive agreement to sell its Medicare Supplement and Critical Illness businesses to Cigna Corporation (CI) for approximately $295M in cash, subject to post-closing adjustments based upon statutory capital and surplus of transferred businesses as of the closing date. AFG expects to realize an after tax gain of approximately $95M-$105M on the sale, which is expected to close late in the Q3 or early in the Q4. :theflyonthewall.com |
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