secwatch.observer — SEC 8-K summary
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Issuer:     ALLSTATE CORP (ALL)
CIK:        0000899051
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0000899051-25-000003
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899051/000089905125000003/0000899051-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899051/000089905125000003/all-20250130.htm
  HTML page:      https://secwatch.observer/filing/0000899051-25-000003

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