BNET Industries
Last Fiscal Year Sales:$1.0B
- Public
- US
Dow Jones Description
GAFRI wants you to live the American dream while having a Great American life. Founded in 1940 and headquartered in Cincinnati, OH, Great American Financial Resources, Inc. (NYSE: GFR) is a provider of retirement services and insurance. It offers supplemental health and life insurance through Loyal American Life Insurance, supplemental coverage through Unified Teacher Associates Insurance as well as fixed and variable annuities. The company had revenue of about $988.1 million in 2005 and employs about 815 people. In August 2006, it announced the consummation of its previously announced merger with Ceres Group, Inc.
Chief Executive Officer
S. Craig LindnerNumber of Employees 1,000
Peer Companies
NAICS Code Direct Life Insurance Carriers: 524113
Recent Events
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Great American Financial Resources and NREA Select New Harmony Consolidated School for National...
News & Analysis
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great american financial resources inc. - All News and Analysis
Great American Financial Resources, Inc. Sets Date for Special Shareholders Meeting
CINCINNATI -- Great American Financial Resources, Inc. (NYSE:GFR) announced that it has set September 28, 2007 as the date for the Special Meeting of Stockholders to vote upon the proposal by American Financial Group, Inc. to acquire all shares of the Company's common stock it does not already own for...
Great American Financial Resources, Inc. Announces Its 2007 Second Quarter Conference Call and Webcast
CINCINNATI -- Great American Financial Resources, Inc. (NYSE:GFR) expects to release its 2007 second quarter results after the market closes on Tuesday, July 31, 2007. The earnings release will be available shortly thereafter on GAFRI's website at www.gafri.com. In conjunction with the earnings release, GAFRI's results will be discussed...
Great American Financial Resources, Inc. Agrees to Repurchase.
M2 PRESSWIRE-18 May 2007-MarketMinute: Great American Financial Resources, Inc. Agrees to RepurchaseC1994-2007 M2 COMMUNICATIONS LTD RDATE:18052007 InvestorIM has been created as a tool for the average investor. The idea is simple, a website where the world can communicate. Do you have a...
BWR Begins Tracking Great American Financial Resources, Inc.
M2 PRESSWIRE-18 May 2007-Large Cap News: BWR Begins Tracking Great American Financial Resources, Inc.C1994-2007 M2 COMMUNICATIONS LTD RDATE:18052007 Great American Financial Resources GAFRI flies the patriotic banners of retirement products and insurance. Its principal subsidiary, Great American Life Insurance Company, has...
American Financial Group, Inc. to Acquire Publicly Held Shares of Great American Financial Resources, Inc
CINCINNATI -- American Financial Group, Inc. (NYSE:AFG)(NASDAQ:AFG) ("AFG") and Great American Financial Resources, Inc. (NYSE:GFR) ("GAFRI") announced that they have entered into a definitive merger agreement by which GAFRI would acquire the GAFRI shares which AFG does not currently own at a price of $24.50 per share in cash, for...
Great American Financial Resources Reports First Quarter Results
CINCINNATI -- Great American Financial Resources, Inc. ("GAFRI") (NYSE:GFR) today reported net income of $20.0 million ($0.41 per diluted share) for the 2007 first quarter compared to $18.6 million ($0.39 per diluted share) in the 2006 first quarter. GAFRI's net income in the first quarter of 2006 includes certain items...
Great American Financial Resources Reports Fourth Quarter and Full Year Results
CINCINNATI -- Great American Financial Resources, Inc. ("GAFRI") (NYSE:GFR) today reported net income of $16.9 million ($0.35 per share) for the 2006 fourth quarter. Net income for 2006 was $98.9 million ($2.06 per share). GAFRI's net income for the fourth quarter and whole year 2005 were $7.6 million ($0.16 per...
Great American Financial Resources, Inc. Declares Dividend on Common Stock
CINCINNATI -- Great American Financial Resources, Inc. (NYSE:GFR) announced today that its Board of Directors has declared an annual cash dividend of $.10 per common share payable December 18, 2006 to holders of record at the close of business on December 1, 2006. About GAFRI GAFRI is a...
Great American Financial Resources Reports 3rd Quarter Results
CINCINNATI -- Great American Financial Resources, Inc. ("GAFRI") (NYSE:GFR) today reported net income of $19.8 million ($0.41 per share) for the 2006 third quarter. Net income for the first nine months of 2006 was $82.0 million ($1.71 per share). GAFRI's year-to-date net income includes an after-tax gain of $31.6 million...
Great American Financial Resources Buys Ceres Group Inc. for 0.43 Times Revenue
The Deal: Great American Financial Resources Inc. has completed its acquisition of Ceres Group Inc. Under the terms of the merger, each outstanding share of Ceres Group was converted into the right to receive $6.13 in cash. Great American has appointed National City Bank as the agent for payment of...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| S. Craig Lindner | Chief Executive Officer |
| Brad Wolfram | Executive Vice President and Chief Operating Officer |
| Charles Scheper | Chief Operating Officer |
| Christopher P. Miliano | Cfo |
| Ernie Giambra | Chief Marketing Officer |
| Jeffry S. Wolverton | Chief Information Officer |
| Michael Prager | Chief Actuary |
| Richard L. Magoteaux | Cfo |
| Tom Maxey | Chief Marketing Officer |
| Tracy Maples | Senior Vice President and Chief Actuary |
| David Vickers | Executive Vice President |
| James E. Moffett | Executive Vice President, Operations |
| John B. Berding | Executive Vice President, Investments |
| Malott W. Nyhart | Executive Vice President |
| Mark F. Meuthing | General Counsel, Secretary & Executive Vice President |
| Mark F. Muething | Executive Vice President |
| Mark Nielsen | Executive Vice President |
| Mathew T. Dutkiewicz | Executive Vice President |
| Matthew T. Dutkiewicz | Executive Vice President |
| Robert A. Adams | Executive Vice President |
| Adrienne S. Kessling | Senior Vice President |
| Byron Buescher | Senior Vice President |
| John Gruber | Senior Vice President, General Counsel, and Secretary |
| Jeffrey G. Hester | Controller |
| Megan Schwarb | |
| Alexander M. Clark | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Carl H. Lindner | Board of Directors |
| John T. Lawrence | Board of Directors |
| Joseph P. Tomain | Board of Directors |
| Kenneth C. Ambrecht | Board of Directors |
| L. Thomas Hiltz | Board of Directors |
| Ronald G. Joseph | Board of Directors |
| William R. Martin | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Chief Executive Officer | Current |
| American Money Management Corporation | President | Current |
| Great American Financial Resources, Inc. | President | Current |
| Senior Healthcare Consultants (Shc) | Co-Chief Executive Officer, President and Director | Current |
| Insurance Asset Manager LLC | Co-Chief Executive Officer, President and Director | Current |
| American Financial Group, Inc. | Director | Current |
| Great American Financial Resources, Inc. | Board of Directors | Current |
| National City Corporation | Risk and Public Policy Committee Member | Current |
| American Financial Group, Inc. | Executive Committee Member | Current |
| National City Corporation | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Executive Vice President and Chief Operating Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Chief Operating Officer | Current |
| Great American Financial Resources, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Cfo | Current |
| Great American Financial Resources, Inc. | Treasurer | Current |
| Great American Financial Resources, Inc. | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Chief Marketing Officer | Current |
| Great American Financial Resources, Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Chief Information Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Chief Actuary | Current |
| Great American Financial Resources, Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Cfo | Current |
| Great American Financial Resources, Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Chief Marketing Officer | Current |
| Great American Financial Resources, Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Senior Vice President and Chief Actuary | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Executive Vice President, Operations | Current |
| Great American Financial Resources, Inc. | Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Executive Vice President, Investments | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | General Counsel, Secretary & Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Executive Vice President | Current |
| Great American Financial Resources, Inc. | Secretary | Current |
| Great American Financial Resources, Inc. | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Executive Vice President | Current |
| Great American Financial Resources, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Senior Vice President, General Counsel, and Secretary | Current |
| Great American Financial Resources, Inc. | Secretary | Current |
| Great American Financial Resources, Inc. | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Controller | Current |
Megan Schwarb received her Pilates Certification in December 2004 from Pendleton Pilates. Besides her time spent at the pilates studio, Megan works as an Inside Wholesaler for Great American Financial Resources, Inc. She graduated from Miami University with a bachelor's degree in Finance. Megan fell in love with pilates after her first session because it required discipline and focus. Her motivation to become an instructor was easy because she felt the results of core strength and overall flexibility. She enjoys working with new clients and helping them become aware of how their bodies move in space.
| Organization | Position | Status |
|---|---|---|
| Pendleton Pilates | Current | |
| Great American Financial Resources, Inc. | Current | |
| Miami University | Bachelor's Degree In Finance | Former |
| Organization | Position | Status |
|---|---|---|
| Smh Capital Inc. | Managing Director | Current |
| Eagle Insurance Alliance, Inc. | Board of Directors | Current |
| Penn Treaty American Corporation | Director | Current |
| American Equity Investment Life Holding Co. | Board of Directors | Current |
| Unity Mutual Life Insurance Company | Director | Current |
| Great American Financial Resources, Inc. | Director | Current |
| John Alden Life Insurance Company | President | Former |
| Advest, Inc. | Managing Director | Former |
| Sanders Morris Harris | Managing Director, Insurance Investment Banking Group | Former |
| Dartmouth College | M.B.A | Former |
| Dartmouth College | Degree In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Senior Healthcare Consultants (Shc) | Co-Chief Executive Officer, President and Director | Current |
| Insurance Asset Manager LLC | Co-Chief Executive Officer, President and Director | Current |
| American Financial Group, Inc. | Co-Chief Executive Officer, President and Director | Current |
| Great American Insurance Company of New York | President | Current |
| Great American Spirit Insurance Co. | President | Current |
| Great American Insurance Co. | President | Current |
| Infinity Property & Casualty Corporation | Current | |
| American Financial Group, Inc. | Chairman | Current |
| Great American Insurance Group | Chairman of the Board | Current |
| Great American Insurance Co. | Chairman | Current |
| American Financial Group, Inc. | Board of Directors | Current |
| Great American Financial Resources, Inc. | Board of Directors | Current |
| American Financial Group, Inc. | Executive Committee Member | Current |
| Great American Assurance Company | President | Former |
| Great American Life Insurance Company | Chairman & President | Former |
| American Financial Group, Inc. | Founder | Former |
| American Financial Group, Inc. | Principal Shareholder | Former |
| Great American Financial Resources, Inc. | executive officer | Former |
| Great American Financial Resources, Inc. | Chairman of the Board | Former |
| Cincinnati Symphony Orchestra | Member, Board of Overseers | Former |
| University of Cincinnati | Honorary Degree of Doctor of Commercial Science | Former |
| Xavier University | Honorary Degree of Doctor of Humanities | Former |
John T. Lawrence III has been a director since March 1994. For more than five years, Mr. Lawrence has been a Senior Vice President with UBS Financial Services, Inc., a national investment banking firm.
| Organization | Position | Status |
|---|---|---|
| UBS Financial Services | Senior Vice President | Current |
| Great American Financial Resources, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Insurance Asset Manager LLC | Director | Current |
| Great American Financial Resources, Inc. | Board of Directors | Current |
| American Financial Group, Inc. | Board of Directors | Current |
| Senior Healthcare Consultants (Shc) | Committee Member | Current |
| Broadpoint Capital, Inc. | Managing Director | Former |
| First Albany Corporation | Managing Director | Former |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Board of Directors | Current |
William R. Martin has been a member of AFG's Board of Directors since 1994. He is Chairman of the Compensation Committee and a member of the Audit Committee. He is also a director of Great American Financial Resources. From 1993 until his retirement in 2003, Mr. Martin had been Chairman of the Board of a computer software and services company, MB Computing, Inc. Prior to that time, he served as Chairman, President and Chief Executive Officer of the same company.
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Chairman | Current |
| American Financial Group, Inc. | Board of Directors | Current |
| Great American Financial Resources, Inc. | Board of Directors | Current |
| American Financial Group, Inc. | Audit Committee Member | Current |
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