Vericity, Inc., together with its subsidiaries, provides life insurance protection products for the middle American market. The company operates through Agency and Insurance segments. The Agency segment sells life insurance products for unaffiliated insurance companies through its call center distribution platform, as well as through its independent agents and other marketing organizations. This segment is also involved in the insurance lead sale activities through its eCoverage web presence. The Insurance segment provides term life, accidental death, and final expense products. This segment distributes its life insurance products through independent producers, including direct distributors that market to consumers through call centers and regional and national independent producer groups. Vericity, Inc. is headquartered in Chicago, Illinois.
IPO Year: 2019
Exchange: NASDAQ
Website: vericity.com
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
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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
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Vericity (NASDAQ:VERY) reported quarterly losses of $(0.14) per share. This is a 72 percent increase over losses of $(0.50) per share from the same period last year. The company reported $44.55 million in sales this quarter. This is a 6.12 percent increase over sales of $41.98 million the same period last year.
Vericity, Inc. (NASDAQ:VERY) shares popped Tuesday after iA Financial Group announced it will acquire the company. What To Know: iA American Holdings, Inc. will acquire Vericity in an all-cash transaction valued at approximately $170 million which is expected to close in the first half of 2024. At the closing of the merger, each issued and outstanding share of Vericity common stock will be converted into the right to receive $11.43 in cash. James Hohmann, Vericity's CEO, said, "This is an exciting transaction that we believe offers compelling value for all of our stockholders and reflects the strength of our business. We look forward to accelerating our strategic advancement within iA as w
U.S. stocks extended losses toward the end of trading, with the S&P 500 falling around 1.5% on Tuesday. The Dow traded down 1.43% to 32,954.84 while the NASDAQ fell 1.98% to 13,044.24. The S&P 500 also fell, dropping, 1.53% to 4,222.58. Check This Out: Vivani Medical And 3 Other Stocks Under $2 Insiders Are Buying Leading and Lagging Sectors Utilities shares rose by 0.6% on Tuesday. In trading on Tuesday, consumer discretionary shares dipped by around 2.4%. Top Headline The number of job openings increased by 690,000 from the prior month to 9.61 million in August, compared to market estimates of 8.8 million. Equities Trading UP Vericity, Inc. (NASDAQ:VERY) shares shot up 86% to
Gainers Vericity, Inc. (NASDAQ:VERY) shares climbed 87.4% to $11.12 after iA Financial Group announced it will acquire the company. POINT Biopharma Global Inc. (NASDAQ:PNT) surged 84.7% to $12.35. Eli Lilly And Co (NYSE:LLY) agreed to acquire POINT Biopharma Global at $12.50 per share in cash, an aggregate of approximately $1.4 billion. ALX Oncology Holdings Inc. (NASDAQ:ALXO) shares jumped 56% to $7.50 after the company released interim Phase 2 data from its ASPEN-06 trial of evorpacept in advanced HER2-positive gastric cancer. SeaStar Medical Holding Corporation (NASDAQ:ICU) gained 53.3% to $0.6398 after jumping 58% on Monday. SeaStar Medical was recently granted Breakthrough Device
U.S. stocks extended losses midway through trading, with the Nasdaq Composite falling more than 200 points on Tuesday. The Dow traded down 1.06% to 33,078.27 while the NASDAQ fell 1.60% to 13,094.83. The S&P 500 also fell, dropping, 1.27% to 4,233.76. Check This Out: Vivani Medical And 3 Other Stocks Under $2 Insiders Are Buying Leading and Lagging Sectors Materials shares fell by just 0.1% on Tuesday. In trading on Tuesday, consumer discretionary shares dipped by around 2%. Top Headline The number of job openings increased by 690,000 from the prior month to 9.61 million in August, compared to market estimates of 8.8 million. Equities Trading UP Vericity, Inc. (NASDAQ:VERY) sha
U.S. stocks traded lower, with the Nasdaq Composite falling more than 100 points on Tuesday. Here are some big stocks recording gains in today’s session. Vericity, Inc. (NASDAQ:VERY) shares climbed 87% to $11.11 after iA Financial Group announced it will acquire the company. POINT Biopharma Global Inc. (NASDAQ:PNT) gained 84% to $12.30. Eli Lilly And Co (NYSE:LLY) agreed to acquire POINT Biopharma Global at $12.50 per share in cash, an aggregate of approximately $1.4 billion. Clean Energy Fuels Corp. (NASDAQ:CLNE) rose 10.5% to $3.9691. Raymond James upgraded Clean Energy Fuels from Outperform to Strong Buy and announced a $6 price target. Warby Parker Inc. (NYSE:WRBY) gained 9% to $14
U.S. stocks traded lower this morning, with the Dow Jones falling more than 100 points on Tuesday. Following the market opening Tuesday, the Dow traded down 0.37% to 33,310.99 while the NASDAQ fell 0.58% to 13,230.96. The S&P 500 also fell, dropping, 0.47% to 4,268.18. Check This Out: Vivani Medical And 3 Other Stocks Under $2 Insiders Are Buying Leading and Lagging Sectors Consumer staples shares fell by just 0.04% on Tuesday. In trading on Tuesday, consumer discretionary shares dipped by around 1%. Top Headline McCormick & Company, Incorporated (NYSE:MKC) reported weaker-than-expected sales for its third quarter. The company posted third-quarter FY23 sales growth of 6% year-on-y