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- Eli Broad
- Formerly called SunLife - Purchased in 1971
- AIG – SunAmerica
- Arizona Domicile
- dba Anchor National Life Insurance Company
- Wikipedia - Eli Broad
- homebuilding - Kaufman and Broad Home Corporation (now KB Home)
- Start - 1956
- Went Public - 1961
- In 1971, Broad acquired Sun Life Insurance Company of America, a family-owned insurance company founded in Baltimore in 1890, for $52 million.[11]
- Broad transformed Sun Life into the retirement savings powerhouse SunAmerica.
- SunAmerica went public in 1989, with a remaining share of 42% for Broad.
- In 1998, he sold SunAmerica to the American International Group (AIG) for $17.8 billion after three weeks of secret negotiations.[12]
- Broad continued as CEO of SunAmerica until 1999, when he left to focus on philanthropy full-time.
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