OCI > Proposed Acquisition of Control of Permanent General Assurance Corporation, Permanent General Assurance Corporation of Ohio, and The General Automobile Insurance Company, Inc.

Proposed Acquisition of Control of Permanent General Assurance Corporation, Permanent General Assurance Corporation of Ohio, and The General Automobile Insurance Company, Inc.

Last Updated: October 8, 2024

Information on the Acquisition of Control of Permanent General Assurance Corporation, Permanent General Assurance Corporation of Ohio, and The General Automobile Insurance Company, Inc. by Sentry Insurance Company, Sentry Holdings, Inc., and Sentry Mutual Holding Company.

On September 25, 2024, Sentry Insurance Company (SIC), Sentry Holdings, Inc. (SHI), and Sentry Mutual Holding Company (SMHC, and together the “Applicants”), submitted a Form A filing. Pursuant to the terms of the Stock Purchase Agreement dated September 4, 2024, the Applicants will acquire 100% of the issued and outstanding shares of PGC Holdings Corp. (PGC). PGC, directly or indirectly, owns all of the issued and outstanding shares of Permanent General Assurance Corporation (PGAC), Permanent General Assurance Corporation of Ohio (PGAC OH), and The General Automobile Insurance Company, Inc. (General Auto, and together the “Domestic Insurers”).

As required by Wisconsin law, a Public Hearing is required concerning this application for change of control.

Public Comment

Interested parties are encouraged to submit written comments to OCI at any time prior to the public hearing. Written comments may be emailed to OCI at: OCICompanyLicensing@wisconsin.gov. Please include the transaction title in the subject line of the email. Comments received are public record and will be posted to this webpage.

Filings

Transmittal Letter
Form A Statement
Stock Purchase Agreement – Unredacted [CONFIDENTIAL]
Stock Purchase Agreement – Redacted [UNDER REVIEW]
Pre- Transaction Organizational Chart [TO BE FILED]
Post-Transaction Organizational Chart
Directors and Executive Officers of the Applicants
Proposed Directors and Executive Officers of the Domestic Insurers
Directors and Executive Officers Biographical Affidavits [CONFIDENTIAL]
Proposed Articles of PGAC [TO BE FILED]
Proposed Articles of PGAC OH [TO BE FILED]
Proposed Articles of General Auto [TO BE FILED]
Proposed Bylaws of PGAC [TO BE FILED]
Proposed Bylaws of PGAC OH [TO BE FILED]
Proposed Bylaws of General Auto [TO BE FILED]
Audited Financial Statements of Sentry Mutual Holding Company [UNDER REVIEW]
Financial Projections of the Domestic Insurers [CONFIDENTIAL]
Business Plans of the Domestic Insurers [CONFIDENTIAL]

Hearing Documents

Notice of Hearing Notification
Notice of Hearing
List of Exhibits
Recommendation Memo

Proposed Decision

Proposed Decision Notification
Proposed Decision
Waiver of Right to Object – Domestic Insurer
Waiver of Right to Object – Applicant

Final Decision

Final Decision Notification
Final Decision

Proposed Acquisition of Control of Permanent General Assurance Corporation, Permanent General Assurance Corporation of Ohio, and The General Automobile Insurance Company, Inc.

Information on the Acquisition of Control of Permanent General Assurance Corporation, Permanent General Assurance Corporation of Ohio, and The General Automobile Insurance Company, Inc. by Sentry Insurance Company, Sentry Holdings, Inc., and Sentry Mutual Holding Company.​

Information on the Acquisition of Control of Permanent General Assurance Corporation, Permanent General Assurance Corporation of Ohio, and The General Automobile Insurance Company, Inc. by Sentry Insurance Company, Sentry Holdings, Inc., and Sentry Mutual Holding Company.