M&A
confidence high
sentiment neutral
materiality 0.75
AFG completes acquisition of Crop Risk Services from AIG
AMERICAN FINANCIAL GROUP INC
- CRS is the 7th largest U.S. multi-peril crop insurer by 2022 premiums.
- Great American Insurance Group generated ~$1.8B crop GWP in 2022, ranking 5th.
- AFG remains #5 U.S. crop insurer and largest U.S.-owned participant post-deal.
- Acquisition expands AFG's existing crop insurance business (since 1915).