QUEBEC CITY, June 28, 2024 /CNW/ - iA Financial Corporation Inc. ("iA" or the "Company"), the holding company of iA Financial Group (TSX:IAG), announced today that iA American Holdings, Inc., a subsidiary of the Company, completed its acquisition of Vericity, Inc. ("Vericity") (NASDAQ:VERY). The agreement to acquire Vericity was announced on October 3, 2023. With more than 400 employees, Vericity is comprised of Fidelity Life, an insurance carrier1, and eFinancial, a direct-to-consumer digital agency. Together, the two entities leverage synergies and deliver innovative, proprietary technology powered by artificial intelligence and rich data analytics to serve middle-market life insurance cu

Vericity Stockholders to Receive $11.43 per Share in Cash Vericity, Inc. ("Vericity") (NASDAQ:VERY) announced today that iA American Holdings, Inc., a subsidiary of iA Financial Corporation, Inc. (collectively, "iA") (TSE: IAG) has completed its acquisition of Vericity in an all-cash transaction valued at approximately $170 million. Under the terms of the definitive merger agreement that was entered into by the parties on October 3, 2023, iA acquired all of the issued and outstanding common stock of Vericity at a price of $11.43 per share. James Hohmann, Vericity's Chief Executive Officer, said, "This milestone marks the start of a new chapter for Vericity and we are proud to join the i

NEW YORK, June 28, 2024 /PRNewswire/ -- J.C. Flowers & Co. LLC ("J.C. Flowers" or "the Firm"), a leading private investment firm dedicated to investing globally in the financial services industry, announced today it has completed the sale of Vericity, Inc. ("Vericity" or "the Company") (NASDAQ:VERY), a leader in direct-to-consumer life insurance solutions, to iA American Holdings, Inc., a subsidiary of iA Financial Corporation, Inc. (collectively, "iA") (TSE: IAG), in an all-cash transaction valued at approximately $170 million. Under the terms of the definitive merger agreement that was entered into by the parties on October 3, 2023, iA acquired all of the issued and outstanding common stoc

Adding an insurance carrier and a digital agency servicing the mid-market life insurance space through the acquisition of Vericity, Inc.Growing our sales in the U.S. life insurance market and diversifying distributionStrategic value from Vericity's knowledge and skill in the digital marketing of life insuranceExpect synergies with iA's expertise and current U.S. individual insurance operationsPurchase price of US$170 million; acquisition expected to become accretive during the second yearQUEBEC CITY, Oct. 3, 2023 /CNW/ - iA Financial Corporation Inc. ("iA" or the "Company"), the holding company of iA Financial Group (TSX:IAG), announces it has entered into a definitive merger agreement where

 Vericity Stockholders to Receive $11.43 per Share in Cash Vericity, Inc. ("Vericity") (NASDAQ:VERY) today announced it has entered into a definitive merger agreement whereby iA American Holdings, Inc., a subsidiary of iA Financial Corporation, Inc. ("iA") (collectively, "iA") (TSX:IAG) will acquire Vericity in an all-cash transaction valued at approximately $170 million. Vericity is majority owned by J.C. Flowers & Co. ("J.C. Flowers"), a leading private investment firm dedicated to investing globally in the financial services industry. James Hohmann, Vericity's Chief Executive Officer, said, "This is an exciting transaction that we believe offers compelling value for all of our stockh

Balsan Brings Significant Marketing Experience and a Track Record of Growing Revenue Vericity, Inc. (NASDAQ:VERY), a leading provider of technology enabled life insurance products and distribution, is pleased to announce the hiring of Melissa Balsan as Executive Vice President (EVP) and Chief Marketing Officer (CMO). This appointment coincides with the upcoming retirement of Vericity's current EVP and CMO, Laura Zimmerman. Effective today, Balsan will report to Vericity's Chief Executive Officer, James E. Hohmann and oversee all aspects of the Company's marketing efforts. As a proven Direct-to-Consumer marketer with significant demand-generation and brand management experience, she will p

Vericity Stockholders to Receive $11.43 per Share in Cash Vericity, Inc. ("Vericity") (NASDAQ:VERY) announced today that iA American Holdings, Inc., a subsidiary of iA Financial Corporation, Inc. (collectively, "iA") (TSE: IAG) has completed its acquisition of Vericity in an all-cash transaction valued at approximately $170 million. Under the terms of the definitive merger agreement that was entered into by the parties on October 3, 2023, iA acquired all of the issued and outstanding common stock of Vericity at a price of $11.43 per share. James Hohmann, Vericity's Chief Executive Officer, said, "This milestone marks the start of a new chapter for Vericity and we are proud to join the i

SC 13D/A - Vericity, Inc. (0001575434) (Subject)