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BRIEF-Allstate Corp - To Sell Group Health Business To Nationwide For $1.25 Billion
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BRIEF-Allstate Corp - To Sell Group Health Business To Nationwide For $1.25 Billion
Jan 30, 2025 3:54 PM

Allstate Corp ( ALL ):

* ALLSTATE CORP ( ALL ) - TO SELL GROUP HEALTH BUSINESS TO

NATIONWIDE FOR

$1.25 BILLION

* ALLSTATE CORP ( ALL ) - SALE EXPECTED TO GENERATE $450 MILLION

FINANCIAL

BOOK GAIN

* ALLSTATE CORP ( ALL ) - SALE TO REDUCE ADJUSTED NET INCOME RETURN

ON

EQUITY BY 75 BASIS POINTS

* ALLSTATE CORP ( ALL ) - SALE TO INCREASE DEPLOYABLE CAPITAL BY

$0.9

BILLION

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