The Farmers Exchanges and Farmers Group, Inc. (FGI) announced they have jointly completed the previously announced acquisition of MetLife’s property and casualty business for a purchase price of $3.94 billion as of April 7, assuming responsibility for 2.4 million policies in force. The closure provides the Farmers brand significant opportunity to expand its customer reach with a truly national presence, grow its core property and casualty business and strengthen its position as one of the leading personal lines carriers in the United States.
“The completion of this transaction represents a new milestone in our organization’s nearly 100-year history that will
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