{"id":865709,"date":"2025-07-01T11:33:06","date_gmt":"2025-07-01T15:33:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/allstate-completes-sale-of-group-health-business\/"},"modified":"2025-07-01T11:33:06","modified_gmt":"2025-07-01T15:33:06","slug":"allstate-completes-sale-of-group-health-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/allstate-completes-sale-of-group-health-business\/","title":{"rendered":"Allstate Completes Sale of Group Health Business"},"content":{"rendered":"

<\/p>\n

Allstate Completes Sale of Group Health Business<\/b><\/p>\n

NORTHBROOK, Ill.–(BUSINESS WIRE<\/a>)–
\nThe Allstate Corporation (NYSE: ALL) today completed the sale of its Group Health business to Nationwide for $1.25 billion.<\/p>\n

\n\u201cThe sale delivers strong shareholder value and improves growth opportunities for Group Health by joining Nationwide\u2019s stop-loss insurance business,\u201d said Tom Wilson, Chair, President and CEO of The Allstate Corporation. \u201cSelling the Group Health and Employer Voluntary Benefits businesses for a combined $3.25 billion demonstrates the strength of these businesses and Allstate\u2019s strategic approach to capital management.\u201d<\/p>\n

\n\u201cThe sale of Group Health is expected to generate a financial book gain of approximately $500 million,\u201d said Jess Merten, Allstate\u2019s Chief Financial Officer.<\/p>\n

\nFinancial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com<\/b><\/a>.<\/p>\n

About Allstate<\/b><\/p>\n

\nThe Allstate Corporation (NYSE: ALL) protects people from life\u2019s uncertainties with a wide array of protection for autos, homes, electronic devices and identity theft. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Allstate is widely known for the slogan \u201cYou\u2019re in Good Hands with Allstate.\u201d For more information, visit www.allstate.com<\/b><\/a>.<\/p>\n

About Nationwide<\/b><\/p>\n

\nNationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by Standard & Poor\u2019s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; and pet, motorcycle and boat insurance.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250701040710\/en\/<\/a><\/span><\/p>\n

\nNick Nottoli
\n
Media Relations
\n
mediateam@allstate.com
\n<\/a><\/p>\n

Allister Gobin
\n
Investor Relations
\n
(847) 402-2800<\/p>\n

KEYWORDS:<\/b> United States North America Illinois<\/p>\n

INDUSTRY KEYWORDS:<\/b> Finance Health Professional Services Insurance Health Insurance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Allstate Completes Sale of Group Health Business NORTHBROOK, Ill.–(BUSINESS WIRE)– The Allstate Corporation (NYSE: ALL) today completed the sale of its Group Health business to Nationwide for $1.25 billion. \u201cThe sale delivers strong shareholder value and improves growth opportunities for Group Health by joining Nationwide\u2019s stop-loss insurance business,\u201d said Tom Wilson, Chair, President and CEO of The Allstate Corporation. \u201cSelling the Group Health and Employer Voluntary Benefits businesses for a combined $3.25 billion demonstrates the strength of these businesses and Allstate\u2019s strategic approach to capital management.\u201d \u201cThe sale of Group Health is expected to generate a financial book gain of approximately $500 million,\u201d said Jess Merten, Allstate\u2019s Chief Financial Officer. Financial information, including material announcements about The Allstate Corporation, is … <\/p>\n

Continue reading “Allstate Completes Sale of Group Health Business”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-865709","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAllstate Completes Sale of Group Health Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/allstate-completes-sale-of-group-health-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allstate Completes Sale of Group Health Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Allstate Completes Sale of Group Health Business NORTHBROOK, Ill.–(BUSINESS WIRE)– The Allstate Corporation (NYSE: ALL) today completed the sale of its Group Health business to Nationwide for $1.25 billion. \u201cThe sale delivers strong shareholder value and improves growth opportunities for Group Health by joining Nationwide\u2019s stop-loss insurance business,\u201d said Tom Wilson, Chair, President and CEO of The Allstate Corporation. \u201cSelling the Group Health and Employer Voluntary Benefits businesses for a combined $3.25 billion demonstrates the strength of these businesses and Allstate\u2019s strategic approach to capital management.\u201d \u201cThe sale of Group Health is expected to generate a financial book gain of approximately $500 million,\u201d said Jess Merten, Allstate\u2019s Chief Financial Officer. 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