Cigna (CI) agrees to acquire American Financial Group's (AFG) supplemental health insurance...

|About: Cigna Corp. (CI)|By:, SA News Editor

Cigna (CI) agrees to acquire American Financial Group's (AFG) supplemental health insurance group for ~$295M in cash. CI says the deal provides significant opportunities for growth; AFG expects an after-tax gain of $95M-$105M from the sale, which is expected to close in H2 2012.