J.C. Flowers Completes Sale of Vericity for Approximately $170 Million

"This is a great outcome for Vericity and J.C. Flowers, and we are proud of the transformation achieved at the Company under our ownership," said Eric Rahe, Managing Director and Co-President at J.C. Flowers. "Through our partnership with the Company's management, Vericity is now able deliver more efficiency and better solutions for consumers by harnessing the power of innovative proprietary technology, including AI and data analytics. We believe the Company is poised for continued growth, and we wish the V ...