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Great American Supplemental Benefits Group
(GASBG) is located in Austin, Texas. Our insurance companies provide
customers with a wide variety of products through licensed independent
agents and registered representatives. Our family of companies includes:
Central Reserve Life Insurance Company (CRL)
Founded in 1964, Central Reserve Life became a part of the GASBG family in
2006. CRL is licensed to sell products in AL, AZ, AR, CO, DE, GA, IL, IN,
IA, KS, KY, LA, MA, MS, MO, MT, NE, NV, NM, NC, ND, OH, OK, OR, PA, SC, SD,
TN, TX, UT, VA, WV, WI and WY.
Continental General Insurance Company (CGI)
Marketing insurance products since 1961, CGI became a part of the GASBG
family in 2006. CGI is licensed to sell products in 48 states and the
District of Columbia. CGI does not market in New Hampshire and New York.
Great American Life Insurance Company® (GALIC)
GALIC dates back to 1872 when the German American Insurance Company was
founded. In 1918, the Company changed its name to Great American Insurance
Company and in 1959 became Great American Life Insurance Company®. GALIC
has an A.M. Best rating of "A (Excellent); Outlook Stable."1 Great
American Life is licensed to sell products in all states (except New York),
the District of Columbia, the U.S. Virgin Islands and Guam.
Loyal American Life Insurance Company® (LALIC)
LALIC was founded in 1955 in Mobile, AL and has an A.M. Best rating
of "A (Excellent); Outlook Stable."1 Loyal American Life is licensed to
underwrite insurance products for sale in all states (except New York),
the District of Columbia and the U.S. Virgin Islands.
Provident American Life & Health Insurance Company (PALHIC)
PALHIC became a part of the GASBG family in 2006. PALHIC is licensed to
sell products in AK, AZ, CO, DC, DE, FL, GA, HI, IA, ID, IL, IN, KY, LA,
MA, MD, MO, MS, MT, NE, NV, ND, OH, OK, OR, PA, SC, SD, TX, UT, VT, WI,
WV and WY.
United Teacher Associates Insurance Company (UTA)
Founded in 1958, UTA is rated "A- (Excellent); Outlook: Stable" by A.M.
Best.2 UTA is licensed in 46 states, Puerto Rico, and the U.S. Virgin
Islands. UTA does not market in New Hampshire, New York, Rhode Island, or
Vermont.
American Financial Group has entered into a definitive agreement with Cigna
for the purchase of its Supplemental Benefits Division - Medicare Supplement,
Hospital Indemnity, Specified Disease and Health business. Through this agreement,
Cigna will purchase all Great American Supplemental Benefits Group insurance companies
with the exception of Great American Life, Continental General and
United Teacher Associates insurance companies.
Cigna is a Fortune 100 company with significant experience in the health market as
one of the largest health service companies in the US market. Cigna also operates internationally
in 30 countries, and has approximately 70 million customer relationships worldwide. Headquartered
in Bloomfield, Connecticut, Cigna serves its customers with nearly 35,000 dedicated employees.
We are very excited about future opportunities with Cigna. The new Cigna Supplemental
Benefits Group will remain headquartered in Austin, TX and will continue its tradition of
experience, customer service, and quality.
CLICK HERE to view the AFG press release.
CLICK HERE to view the Cigna press release.
1. At December 17, 2007. "A (Excellent)" is third highest out of 16
categories. This rating indicates an "excellent ability to meet their
ongoing obligations to policyholders," and is based on "a comprehensive
quantitative and qualitative evaluation of balance sheet strength,
operating performance and profile."
2. At June 2007. "A- (Excellent)" is fourth highest out of 16 possible
categories. This rating indicates an "excellent ability to meet their ongoing
obligations to policyholders," and is based on "a comprehensive quantitative and
qualitative evaluation of balance sheet strength, operating performance and
profile."
3. At September 30, 2008, reflects all AFG assets on a GAAP
basis. Total liabilities were $24 billion.
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For today's needs and tomorrow's dreams.
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