American financial group, inc. announces purchase of verikai, inc.

Cincinnati--(business wire)--american financial group (nyse: afg) announced today the acquisition of verikai, inc. (“verikai"), a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk, effective december 2021. verikai will continue to be led by its president and ceo, jeff chen. afg paid approximately $120 million in cash at closing. carl h. lindner iii, afg's co-ceo, stated: “we are thrilled to welcome the verikai team to afg. we
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