On the Record · American Financial
American Financial acquisitions, on the record
The businesses American Financial bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Crop Risk Services ("CRS")Word for word“On July 3, 2023, AFG completed the acquisition of Crop Risk Services (“CRS”) from American International Group (“AIG”).” 10-K for 2023 | acquisition | July 3, 2023 | — |
Annuity businessWord for word“In May 2021, AFG completed the sale of its Annuity business to Massachusetts Mutual Life Insurance Company for $3.57 billion in cash.” 10-K for 2023 | divestiture | May 2021 | $3.57 billion in cash |
Verikai, Inc.Word for word“In December 2021, AFG acquired Verikai, Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool to assess insurance risk, for $120 million using cash on hand at the parent.” 10-K for 2023 | acquisition | December 2021 | $120 million |
insurance agency businessWord for word“In the third quarter of 2022, AFG acquired an insurance agency business for $ 12 million, including $ 10 million in cash.” 10-K for 2023 | acquisition | In the third quarter of 2022 | — |
consulting companyWord for word“In the fourth quarter of 2024, AFG acquired an insurance agency business for $ 6 million, including $ 5 million in cash, and a consulting company for $ 4 million in cash.” 10-K for 2024 | acquisition | In the fourth quarter of 2024 | $ 4 million in cash |
Radion Insurance Holdings, LLCWord for word“In the third quarter of 2025, AFG acquired the 52 % of Radion Insurance Holdings, LLC (“Radion”) that it did not previously own for $ 7 million in cash, making Radion a wholly-owned subsidiary.” 10-K for 2025 | acquisition | In the third quarter of 2025 | $ 7 million in cash |
a consulting companyWord for word“In the fourth quarter of 2024, AFG acquired an insurance agency business for $ 6 million, including $ 5 million in cash, and a consulting company for $ 4 million in cash.” 10-K for 2025 | acquisition | In the fourth quarter of 2024 | $ 4 million in cash |
an insurance agency businessWord for word“In the fourth quarter of 2024, AFG acquired an insurance agency business for $ 6 million, including $ 5 million in cash, and a consulting company for $ 4 million in cash.” 10-K for 2025 | acquisition | In the fourth quarter of 2024 | $ 6 million, including $ 5 million in cash |
| Fiscal year ended | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $0 | — |
| 2017-12-31 | $0 | — |
| 2018-12-31 | — | $8 million |
Deal filings since 2016
- 2023-06-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-06-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-01-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-12-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-06-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from American Financial’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.