American Financial Group and American International Group Reach Agreement for AFG's Purchase of Crop Risk Services from AIG

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May 02, 2023

American Financial Group, Inc. (NYSE: AFG) and American International Group (NYSE: AIG) today announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services (“CRS”) from AIG. CRS is a primary crop insurance general agent based in Decatur, Illinois, with 2022 gross written premiums of approximately $1.2 billion and is the seventh largest provider of multi-peril crop insurance in the United States, based on 2022 premiums.