American Financial Group, Inc. Enters Into Agreement to Acquire ABA Insurance Services
American Financial Group, Inc. (AFG)
Last american financial group, inc. earnings: 2/3 05:01 pm
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Source: Business Wire
CINCINNATI--(BUSINESS WIRE)-- American Financial Group, Inc. (NYSE: AFG) announced today that it has reached a definitive agreement to acquire ABA Insurance Services Inc. (ABAIS) from American Bankers Mutual Insurance, Ltd. (ABMI). Based in Shaker Heights, Ohio, ABAIS is a market-leading provider of D&O and other complementary insurance solutions for banks, small businesses and nonprofit organizations, with a history that dates back thirty years. This acquisition will further strengthen Great American’s leadership position in targeted Specialty Casualty classes of business. Under the terms of the agreement, AFG will pay ABMI approximately $28 million in cash at closing. This business is expected to contribute approximately $50 million in net written premiums on an annual basis. The transaction is expected to close in the fourth quarter, following customary regulatory approvals. Following the tran
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- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- AFG's page on the SEC website