GAFRIGreat American Financial Resources, Inc.
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Additionally, the strong growth in its annuity business over the past several years has helped GAFRI become a more material contributor to AFG's consolidated revenue and earnings.
However, driven by increased competitive pressures in recent years, GAFRI has been challenged to grow this business at profit margins acceptable to AFG.
This partnership represents a decision of GAFRI to distribute their senior products on a nationwide basis through the proven national marketing capability of SHC.
In 1993, he joined American Annuity Group, a predecessor company to GAFRI, as Senior Vice President and General Counsel.
Furthermore, those GAFRI supplemental health companies that sell annuities as a complimentary product to their life and supplemental health products continue to de-emphasize that line of business.
GAFRI has appointed National City Bank as agent for payment of the merger consideration.
GAFRI continued to achieve record levels of stockholders' equity, book value per share, and capital in its insurance subsidiaries.
Teachers can send their name, school, address, phone number and email address, along with a photo and short description to: GAFRI, CMS-Classroom Makeover, 301 E Fourth Street, 11S, Cincinnati, Ohio 45202.
According to GAFRI Chief Information Officer Jeff Wolverton, "Our benchmark studies have shown that we have achieved an IT cost structure that is less than half of the industry average.
The sharp increase in annuity sales has enabled GAFRI to report much improved statutory operating earnings.
GAFRI") today announced that the Department of Justice and Federal Trade Commission have granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, relating to the previously announced agreement for GAFRI to acquire Ceres Group, Inc.