Bloomfield-based Cigna bought the Texas health insurer from Cincinnati-based
The sale was initially announced in May. Great American Supplemental Benefits had $400 million in assets, $325 million in revenues and $34 million in pre-tax operating earnings for American Financial Group last year. The Texas insurer handles about 200,000 policies for customers, some of whom have more than one policy.
This acquisition grows Cigna's reach in the individual market and in the