NORTHBROOK, In poor health., July 1, 2025 – The Allstate Company (NYSE: ALL) right this moment accomplished the sale of its Group Well being enterprise to Nationwide for $1.25 billion.
“The sale delivers sturdy shareholder worth and improves development alternatives for Group Well being by becoming a member of Nationwide’s stop-loss insurance coverage enterprise,” mentioned Tom Wilson, Chair, President and CEO of The Allstate Company. “Promoting the Group Well being and Employer Voluntary Advantages companies for a mixed $3.25 billion demonstrates the power of those companies and Allstate’s strategic strategy to capital administration.”
“The sale of Group Well being is predicted to generate a monetary e-book achieve of roughly $500 million,” mentioned Jess Merten, Allstate’s Chief Monetary Officer.
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
About Allstate
The Allstate Company (NYSE: ALL) protects folks from life’s uncertainties with a wide selection of safety for autos, properties, digital gadgets and id theft. Merchandise can be found by a broad distribution community together with Allstate brokers, unbiased brokers, main retailers, on-line and on the office. Allstate is extensively recognized for the slogan “You’re in Good Palms with Allstate.” For extra data, go to www.allstate.com.
About Nationwide
Nationwide, a Fortune 100 firm based mostly in Columbus, Ohio, is likely one of the largest and strongest diversified insurance coverage and monetary companies organizations in america. Nationwide is rated A+ by Normal & Poor’s. An business chief in driving customer-focused innovation, Nationwide gives a full vary of insurance coverage and monetary companies merchandise together with auto, enterprise, owners, farm and life insurance coverage; private and non-private sector retirement plans, annuities and mutual funds; extra & surplus, specialty and surety; and pet, bike and boat insurance coverage.
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