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Humana Announces Completion of the Sale of Its Closed Block of Commercial Long-Term Care Insurance Business

Source Humana Inc.
Published Date 8/9/2018
Humana Inc. (NYSE: HUM) announced today that it has completed the previously announced sale of the stock of its wholly-owned subsidiary, KMG America Corporation (KMG), to Continental General Insurance Company (CGIC), a Texas-based insurance company wholly owned by HC2 Holdings, Inc., a diversified holding company (NYSE: HCHC). KMG’s subsidiary, Kanawha Insurance Company (KIC), includes Humana’s closed block of non-strategic commercial long-term care insurance policies that serves approximately 29,300 policyholders. ...
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