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Message : Required fields American Financial Group, Inc. (NYSE: AFG) announced today that the Ohio Department of Insurance has approved the sale of its Annuity businesses, consisting of Great American Life Insurance Company (GALIC) and its two insurance subsidiaries, Annuity Investors Life Insurance Company and Manhattan National Life Insurance Company, to Massachusetts Mutual Life Insurance Company (MassMutual). The sale is expected to close on May 28, 2021. AFG expects to receive total after-tax cash sale proceeds of $3.4 billion. American Financial Group is an insurance holding company, based in Cincinnati, Ohio. Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions, broker-dealer, and registered investment advisor markets. On January 27, 2021, AFG anno

New yorkUnited statesGreat american life insurance companyAnnuity investors life insurance companyMassachusetts mutual life insurance company massmutualAmerican financial group incExchange commissionGreat american insurance groupMassachusetts mutual life insurance companyManhattan national life insurance companyAmerican financial groupOhio department of insuranceSecurities exchangeGreat american insurance companyOhio departmentFinancial group