Cigna Completes Acquisition of Great American Supplemental Benefits Group for $305M
Cigna (NYSE: CI) announced today it has completed its acquisition of Great American Supplemental Benefits from American Financial Group, Inc. (NYSE: AFG) (NASDAQ: AFG) 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.
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