Allstate to sell group health business to nationwide

Northbrook, ill.--(business wire)--the allstate corporation (nyse: all) announced a definitive agreement to sell its group health business to nationwide for $1.25 billion in cash, adjusted for the closing balance sheet, and subject to standard closing conditions including regulatory approvals. for the first nine months of 2024, group health had revenues of $608 million and adjusted net income of $69 million. “we reached another milestone in the strategy to maximize shareholder value by combinin.
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