Inactive Instrument

National General Holdings Corp.

Equities

NGHC

US6362203035

National General Holdings Corp. agreed to acquire Safe Auto Insurance Group, Inc. for $270 million.

June 31, 2021

National General Holdings Corp. agreed to acquire Safe Auto Insurance Group, Inc. for $270 million on June 1, 2021. Total consideration includes a $270 million cash purchase price plus approximately $30 million in pre-close dividends of certain non-insurance assets.

The transaction is subject to regulatory approval and customary closing conditions, and is expected to close near the end of the third quarter 2021. The cash purchase of SafeAuto would be immediately accretive to earnings. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Safe Auto Insurance.

Nicholas F. Potter of Debevoise & Plimpton LLP acted as legal adviser to The Allstate Corporation.

Latest news about National General Holdings Corp.

National General Holdings Corp. completed the acquisition of Safe Auto Insurance Group, Inc.	21-09-30	CI
National General Holdings Corp. agreed to acquire Safe Auto Insurance Group, Inc. for $270 million.	21-05-31	CI
National General Holdings Corp. Reports Earnings Results for the Full Year Ended December 31, 2020	21-02-26	CI
Robert Karfunkel Resignes as President of National General Holdings Corp	21-01-15	CI
National General Holdings Corp. Announces Board Changes	21-01-04	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from S&P TMI Index	21-01-04	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from NASDAQ Composite Index	21-01-04	CI
The Allstate Corporation completed the acquisition of National General Holdings Corp. from a group of sellers and others.	21-01-03	CI
National General Holdings Corp.'s Equity Buyback announced on April 29, 2020, has expired.	21-01-03	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from S&P Global BMI Index	21-01-01	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell 2000 Defensive Index	20-12-31	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell 2000 Growth-Defensive Index	20-12-31	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell 2000 Value-Defensive Index	20-12-31	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell 2000 Index	20-12-31	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell 3000 Index	20-12-31	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell 2500 Index	20-12-31	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell 2000 Growth Index	20-12-31	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell 2000 Value Index	20-12-31	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell Small Cap Completeness Index	20-12-31	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell Small Cap Comp Value Index	20-12-31	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell Small Cap Comp Growth Index	20-12-31	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell 2500 Value Index	20-12-31	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell 3000 Growth Index	20-12-31	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell 3000 Value Index	20-12-31	CI
National General Holdings Corp.(NasdaqGM:NGHC) dropped from Russell 2500 Growth Index	20-12-31	CI

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Company Profile

National General Holdings Corp. is a specialty personal lines insurance holding company. Through its subsidiaries, the Company provides a range of insurance products, including personal and commercial automobile, homeowners, umbrella, recreational vehicle, supplemental health, lender-placed and other niche products. It operates through two segments: Property and Casualty (P&C) and Accident and Health (A&H). Its P&C segment offers its P&C insurance products through a network of agents, a number of affinity partners and through direct-response marketing programs. Its A&H segment provides accident and health insurance products not subject to the Patient Protection and Affordable Care Act (PPACA) and targets uninsured or underinsured individuals and employers.

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