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In business, an affiliate is an entity that owns less than a majority stake in another's stock. Affiliations can also describe a type of relationship in which at least two different companies are subsidiaries of a larger parent company. Most recently, affiliation has been a popular form of marketing for eCommerce companies.
A first-tier subsidiary is a subsidiary/child company of the ultimate parent company, [note 1] [10] while a second-tier subsidiary is a subsidiary of a first-tier subsidiary: a "grandchild" of the main parent company. [11] Consequently, a third-tier subsidiary is a subsidiary of a second-tier subsidiary—a "great-grandchild" of the main parent ...
The Cigna Group is an American multinational for-profit managed healthcare and insurance company based in Bloomfield, Connecticut. [2] [3] Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g., governmental and non-governmental ...
From its opening in 1999 until 2011, the company (when it was known as Conseco) held the naming rights to the home arena of the NBA's Indiana Pacers; the naming rights were transferred to Bankers Life in 2011. [11] On May 11, 2010, the board of directors officially approved changing the holding company's name to CNO Financial Group. [12]
As of 1992, the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. [ 33 ] : 117 As of 2019 [update] , the U.S. applies its corporate taxation "extraterritorially", [ 35 ] which has motivated tax inversions to change the home state.
MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), [3] better known as MetLife, and its affiliates.MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with around 90 million customers in over 60 countries.
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SEI Investments Company, formerly Simulated Environments Inc., is a financial services company headquartered in Oaks, Pennsylvania, United States.The company describes itself as "a global provider of investment processing, investment management, and investment operations solutions". [1]