---
schema_version: "secwatch.filing_event.v1"
accession: "0000899051-25-000003"
form_type: "8-K"
ticker: "ALL"
cik: "0000899051"
company_name: "ALLSTATE CORP"
filed_at: "2025-01-30T23:59:59+00:00"
generated_at: "2026-05-27T06:14:35.983124+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Allstate to sell Group Health business to Nationwide for $1.25B cash

## Summary
- Allstate sells Group Health business (Direct General Life, NSM Sales, Association Benefits Solution) to Nationwide for $1.25B cash, subject to regulatory approvals.
- Group Health had revenues of $608M and Adjusted Net Income of $69M for first nine months of 2024.
- Transaction expected to generate ~$450M book gain and increase deployable capital by $0.9B; closing expected in 2025.
- Combined with prior sale of Employer Voluntary Benefits to The Standard, total proceeds reach $3.25B.
- Individual Health business (Adj. Net Income $18M in 9mo 2024) will be retained or combined with another company.

## SEC filing metadata
- accession: 0000899051-25-000003
- form_type: 8-K
- ticker: ALL
- cik: 0000899051
- company_name: ALLSTATE CORP
- filed_at: 2025-01-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/899051/000089905125000003/0000899051-25-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/899051/000089905125000003/all-20250130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000899051-25-000003
- JSON: https://secwatch.observer/filing/0000899051-25-000003.json
- Plain text: https://secwatch.observer/filing/0000899051-25-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.