Allstate completes $1.25B sale of Group Health business to Nationwide

ALLSTATE CORP

Sale to Nationwide for $1.25 billion closed on July 1, 2025.
Expects a financial book gain of approximately $500 million from the transaction.
Combined sale proceeds from Group Health and Employer Voluntary Benefits total $3.25 billion.
CEO Tom Wilson said the deal delivers strong shareholder value and improves growth for Group Health.

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