businesswire.com. January 27, 2021. Jan. 27, 2021. Change Username | Forgot Username | Reset Password. This acquisition makes it an instant player in the fixed indexed annuity business. MassMutual to Acquire Great American Life Insurance Company. Massachusetts Mutual Life Insurance Company ("MassMutual") announced today the completion of the previously announced acquisition of American Financial Group, Inc.’s (NYSE:AFG) wholly owned subsidiary, Great American Life Insurance Company ("Great American Life"), and other subsidiaries and affiliated entities, for a purchase price of approximately $3.5 billion. SPRINGFIELD, Mass.–(BUSINESS WIRE)–Massachusetts Mutual Life Insurance Company (“MassMutual”) announced today it has entered into a definitive agreement with American Financial Group, Inc. (NYSE:AFG) to purchase its wholly owned subsidiary, Great American Life Insurance Company (“Great American Life”), and other subsidiaries and affiliated entities, which … AFG is a Fortune 500 holding company whose common stock is listed on the New York Stock Exchange. Mutual life insurer MassMutual has announced plans to acquire Great American Life Insurance Company from American Financial Group for $3.5 billion. MassMutual announced it has entered into a definitive agreement with American Financial Group to purchase its wholly-owned subsidiary, Great American Life Insurance Company, and other subsidiaries and affiliated entities, which primarily offer traditional fixed and fixed indexed annuity products. MassMutual buys Great American Life for $3.5 billion. — to www.businesswire.com Tags: Acquire American company correct Insurance correct success Financial management Great Insurance Life MassMutual We apologize for any inconvenience this may cause. Massachusetts Mutual Life Insurance Company (MassMutual) has agreed to acquire the annuity business of American Financial Group (AFG) in a cash transaction worth $3.5bn. Massachusetts Mutual Life Insurance Company (“MassMutual”) announced today the completion of the previously announced acquisition of American Financial Group, Inc.’s (NYSE:AFG) wholly owned subsidiary, Great American Life Insurance Company (“Great American Life”), and other subsidiaries and affiliated entities, for a purchase price of approximately $3.5 billion. $3.5 billion milestone deal will significantly boost MassMutual’s presence in the retail annuity market and expand its … Mass. $3.5 billion milestone deal will significantly boost MassMutual’s presence in the retail annuity market and expand its distribution capabilities. Great American Life will continue to … MassMutual to Acquire Great American Life Insurance Company. Corporate Headquarters Great American Insurance Group Tower 301 E. Fourth St. Cincinnati, Ohio 45202 800-545-4269 / 513-369-5000 Massachusetts Mutual Life Insurance Company (“MassMutual”) announced today the completion of the previously announced acquisition of American Financial Group, Inc.’s (NYSE:AFG) wholly owned subsidiary, Great American Life Insurance Company (“Great American Life”), and other subsidiaries and affiliated entities, for a purchase price of approximately $3.5 billion. MassMutual Completes Acquisition of Great American Life Insurance Company - Business Wire. DeSantis Signs Property Insurance Reform into Law - wfit. Products issued by Great American Life Insurance Company, a wholly owned subsidiary of MassMutual. This weekend, on Saturday, May 29 from 9:00 a.m. EST to 1:00 p.m. EST our website may be unavailable due to scheduled maintenance. MassMutual completes Great American Life acquisition. In addition, Great American Life will provide MassMutual with another diversified source of earnings, helping to deliver additional value to its policyowners and position the company for … Products and features may vary by state, and may not be available in all states. Transaction details Under the agreement, MassMutual will acquire Great American Life Insurance Company, the wholly owned unit of AFG. SPRINGFIELD, Mass.–(BUSINESS WIRE)–Massachusetts Mutual Life Insurance Company (“MassMutual”) announced today the completion of the previously announced acquisition of American Financial Group, Inc.’s (NYSE:AFG) wholly owned subsidiary, Great American Life Insurance Company (“Great American Life”), and other subsidiaries and affiliated entities, for a … MassMutual will acquire the annuity business, as well as other subsidiaries and affiliated entities, which primarily offer traditional fixed and fixed indexed annuity products. MassMutual to Acquire Great American Life Insurance Company. We offer a level of financial strength that our customers can count on. The Great American Life Insurance sale is expected to close during the second quarter, MassMutual stated in its announcement. Cincinnati-based company is top provider of fixed and fixed indexed annuities $3.5 billion milestone deal will significantly boost MassMutual’s presence in the retail annuity market and expand its distribution capabilities. SPRINGFIELD, Mass .– (BUSINESS WIRE) – Massachusetts Mutual Life Insurance Company (“MassMutual”) announced today the closing of the previously announced Acquired wholly owned subsidiary of American Financial Group, Inc. (NYSE: AFG), Great American Life Insurance Company (“Great American Life”), and other subsidiaries and affiliates for approximately $ 3.5 billion. SPRINGFIELD, Mass.–(BUSINESS WIRE)–Massachusetts Mutual Life Insurance Company announced today the completion of the previously announced acquisition of American Financial Group, Inc.’s (NYSE:AFG) wholly owned subsidiary, Great American Life Insurance Company, and other subsidiaries and affiliated entities, for a purchase price of approximately $3.5 … MassMutual to Acquire Great American Life Insurance Company. Login. MassMutual to acquire Great American Life Insurance Company. MassMutual, the company that currently owns Great American Life Insurance Company Life, has an A++ (Superior) rating from AM Best. AFG is a Fortune 500 holding company whose common stock is listed on the New York Stock Exchange. . MassMutual to acquire Great American Life Insurance Company . MassMutual to Acquire Great American Life Insurance Company. Great American Insurance Group’s member companies are subsidiaries of American Financial Group, Inc. (AFG). American Financial Group has wrapped up the sale of its annuity businesses to MassMutual, including Great American Life Insurance Company and its two insurance subsidiaries, Annuity Investors Life Insurance Company and Manhattan National Life Insurance Company. Cincinnati-based company is top provider of fixed and fixed indexed annuities. All guarantees subject to the claims-paying ability of Great American Life. May 28, 2021 05:00 PM Eastern Daylight Time. $3.5 billion milestone deal will significantly boost MassMutual’s presence … In addition, Great American Life will provide MassMutual with another diversified source of earnings, helping to deliver additional value to its policyowners and position the company for … MassMutual announced today it has entered into a definitive agreement with American Financial Group to purchase its subsidiary, Great American Life. MassMutual was … Massachusetts Mutual Life Insurance Co. has closed on a $3.5 billion deal for Great American Life Insurance Co. and four Great American Life affiliates. In addition, Great American Life will provide MassMutual with another diversified source of earnings, helping to deliver additional value to its policyowners and position the company for … — 5:00 PM ET 01/27/2021. In addition, Great American Life will provide MassMutual with another diversified source of earnings, helping to deliver additional value to its policyowners and position the company for … Massachusetts Mutual Life Insurance Company has completed the acquisition of American Financial Group’s wholly owned subsidiary, Great American Life Insurance Company, and other subsidiaries and affiliated entities in a $3.5bn (£2.47bn) deal. We are a wholly owned subsidiary of MassMutual, one of the largest life insurance companies in the U.S., founded in 1851. BY Business Wire. As a leading provider of annuities, Great American Life Insurance Company is committed to helping people plan for a secure retirement. Need help servicing your account information? . Gov. Corporate Headquarters Great American Insurance Group Tower 301 E. Fourth St. Cincinnati, Ohio 45202 800-545-4269 / 513-369-5000 SPRINGFIELD, Mass.--(BUSINESS WIRE)--Jan 27, 2021--Massachusetts Mutual Life Insurance Company (“MassMutual”) announced today it has entered into a definitive agreement with American Financial Group, Inc. (NYSE:AFG) to purchase its wholly owned subsidiary, Great American Life Insurance Company (“Great American Life”), and other subsidiaries and affiliated entities, … Massachusetts Mutual Life Insurance Company ("MassMutual") announced today it has entered into a definitive agreement with American Financial Group, Inc. (NYSE:AFG) to purchase its wholly owned subsidiary, Great American Life Insurance Company ("Great American Life"), and other subsidiaries and affiliated entities, which primarily offer traditional fixed and fixed indexed annuity … SPRINGFIELD, Mass .– (BUSINESS WIRE) – Massachusetts Mutual Life Insurance Company (“MassMutual”) today announced the completion of its previously announced acquisition of the wholly owned subsidiary of American Financial Group, Inc. (NYSE: AFG), Great American Life Insurance Company (“Great American Life”) known ”) and other subsidiaries and affiliates for a … MassMutual Completes Acquisition of Great American Life Insurance Company. Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Cincinnati -based company is top provider of fixed and fixed indexed annuities. Great American Insurance Group’s member companies are subsidiaries of American Financial Group, Inc. (AFG). Massachusetts Mutual Life Insurance Company ("MassMutual") announced today the completion of the previously announced acquisition of American Financial … 28-05-2021 23:00 via businesswire.com. Issued by MassMutual. The company … This means offering innovative products that fit with today’s needs – whether it’s protecting a hard-earned nest egg, receiving guaranteed income, or providing for loved ones. MassMutual Completes Acquisition of Great American Life Insurance Company Business Wire Read more. Nice American Insurance coverage Group’s roots return to 1872 with the founding of its flagship firm, Nice American Insurance coverage Firm. MassMutual was the sales leader in fixed-rate deferred annuities through the first nine months of 2020, with $5.18 billion in sales. MassMutual announced today it has entered into a definitive agreement with American Financial Group to purchase its subsidiary, Great American Life. American Financial Group, Inc. AFG recently divested its Annuity businesses to Massachusetts Mutual Life Insurance Company (MassMutual). businesswire.com. SPRINGFIELD — MassMutual has a deal in place to buy Great American Life Insurance Co. from American Financial Group Inc. for $3.5 billion. MassMutual to Acquire Great American Life Insurance Company * Cincinnati-based company is top provider of fixed and fixed indexed annuities * $3.5 billion milestone deal will … Great American Life Insurance Company. As a leading provider of annuities, Great American Life® is committed to helping people plan for a secure retirement. Mutual Life to acquire Great American Life Insurance Company (January 28, 2021) Massachusetts Mutual Life Insurance Company (MML) announced yesterday (January 27, 2021) that it will be acquiring Great American Life Insurance Company (GALIC) and other subsidiaries and affiliated entities from American Financial Group(AFG).
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