AFG buys machine learning, AI firm Verikai in $120mn all-cash deal
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AFG buys machine learning, AI firm Verikai in $120mn all-cash deal

James Thaler
January 18, 2022
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AFG and Verikai logo Cincinnati and SF reflection v2.jpg

American Financial Group (AFG) says it has bought Verikai, a machine learning and artificial intelligence company that uses predictive risk tools for assessing insurance risk, in a $120mn all-cash deal that closed last month.

The acquisition comes almost a year after AFG said it was selling its annuity business in a $3.5bn all-cash deal to MassMutual.

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