American Financial Group, Inc. Announces Completion of the Sale of its Long-term Care Business

CINCINNATI–(BUSINESS WIRE)–American Financial Group, Inc. (NYSE: AFG) announced today the completion of the sale of United Teacher Associates Insurance Company and Continental General Insurance Company, the legal entities containing substantially all of its run-off long-term care insurance business, to HC2 Holdings, Inc. (“HC2”) (NYSE MKT: HCHC) for approximately $15 million of proceeds. In addition, AFG may also receive up to $13 million of additional proceeds from HC2 in the future based on
Source: BusinessWire-Primary