Life & Health Insurance M&A » By The Online Investor Staff, updated Fri., Feb. 3, 11:22 AM
Recent mergers and acquisitions in the Life & Health Insurance M&A category.
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Slide #53. Cigna — Great American Supplemental Benefits
Acquirer:
Cigna (CI)
Acquiree:
Great American Supplemental Benefits (AFG)
Details:
Cigna announced it has completed its acquisition of Great American Supplemental Benefits from American Financial Group, Inc. for $305 million in cash, subject to closing adjustments. Great American Supplemental Benefits Group, with 2011 premiums of $300 million and more than 200,000 current customer relationships, will now do business as Cigna Supplemental Benefits. The new business positions Cigna as one of the largest producers, distributors and marketers of supplemental health care and related products in the United States.
Cigna, together with its subsidiaries, is a global health service organization. Co.'s segments include: Evernorth, which includes a range of coordinated and point solution health services, as well as those from partners across the health care system, in pharmacy solutions, benefits management solutions, care delivery and care management solutions and other solutions; Cigna Healthcare, which includes Co.'s U.S. Commercial, U.S. Government and International Health operating segments that provide medical and coordinated solutions to clients and customers; and Other Operations, which includes ongoing business, exiting business, and run-off businesses.
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Cigna, together with its subsidiaries, is a global health service organization. Co.'s segments include: Evernorth, which includes a range of coordinated and point solution health services, as well as those from partners across the health care system, in pharmacy solutions, benefits management solutions, care delivery and care management solutions and other solutions; Cigna Healthcare, which includes Co.'s U.S. Commercial, U.S. Government and International Health operating segments that provide medical and coordinated solutions to clients and customers; and Other Operations, which includes ongoing business, exiting business, and run-off businesses.
Cigna SEC Filing Email Alerts Service
Open the AFG Page at The Online Investor »
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