Allstate to Sell Group Health Business for $1.25 Billion-February 2024-www.financetom.com

Allstate to Sell Group Health Business for $1.25 Billion

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Allstate to Sell Group Health Business for $1.25 Billion

Jan 30, 2025 2:44 PM

05:21 PM EST, 01/30/2025 (MT Newswires) -- Allstate ( ALL ) said late Thursday it agreed to sell its group health business to Nationwide for $1.25 billion in cash.

Allstate ( ALL ) expects the sale to generate a financial book gain of roughly $450 million, with closing expected later this year, Allstate ( ALL ) Chief Financial Officer Jess Merten said.

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