American Financial (AFG) Divests Annuity Business to MassMutual
American Financial Group, Inc. AFG recently divested its Annuity businesses to Massachusetts Mutual Life Insurance Company (MassMutual). The company had inked this divestiture deal in the first quarter of 2021. This move will aid American Financial to streamline its business by intensifying focus on Specialty P&C businesses.
The Annuity businesses comprised Great American Life Insurance Company (GALIC) and two of its insurance subsidiaries, Annuity Investors Life Insurance Company and Manhattan…
