Sold to the American International Group in 1998 for $18 billion
In 1971, KB Home diversified, spending $52 million for a sleepy Baltimore insurance company, Sun Life, which became a powerhouse when Eli Broad focused on selling annuities and financial planning services to baby boomers. Renamed Sun America in 1993, it was sold to the American International Group, the insurance giant, in 1998 for $18 billion, netting Mr. Broad more than $3 billion.
Updated over 4 years ago
Basic Info
| Types | Organization, Business |
| Aliases | Sun Life |