Great American's Parent Company Completes Purchase of Crop Risk Services
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Great American is pleased to announce that its parent company, American Financial Group, Inc. (AFG), has completed the purchase of Crop Risk Services (CRS) from American International Group, Inc. (AIG).
CRS is a primary crop insurance general agent based in Decatur, Illinois and is the seventh largest provider of multi-peril crop insurance in the United States, based on 2022 premiums. Great American’s Crop Division generated gross written premiums of approximately $1.8 billion in 2022 and is the fifth largest provider of multi-peril crop insurance in the United States. Great American is the largest U.S.-owned participant in the United States multi-peril crop insurance program.
We’re excited to welcome Crop Risk Services employees, agents and insureds to Great American, as it further demonstrates our long-standing commitment to the crop industry. To learn more about the sale, please see American Financial Group, Inc.’s press release.