Aflac Incorporated (AFL) Completes Acquisition of Continental American Insurance Company (CAIC)
Aflac Incorporated (NYSE: AFL) has completed its acquisition of Continental American Insurance Company (CAIC). CAIC specializes in offering voluntary group insurance products that are distributed by insurance brokers at the worksite. CAIC is rated A- (Excellent) by A.M. Best. The cost of acquisition for $100 M was funded with the internal capital.
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