Allstate to sell Group Health arm to Nationwide

Allstate to Sell Group Health Business to Nationwide for $1.25 Billion Cash
Chief Financial Officer Jess Merten said that the deal will generate a financial book gain of about $450 million and increase deployable capital by $900 million.
M&A News: Allstate Sells Group Health Business to Nationwide for $1.25B
U.S.-based insurer Allstate Corporation (ALL) has agreed to sell its Group Health business to its rival Nationwide for $1.25 billion in cash.
Allstate sells its Group Health business to Nationwide for $1.25bn
US primary insurer, The Allstate Corporation, has entered into a definitive agreement to sell its Group Health business to Nationwide for $1.25 billion in
Allstate to sell Group Health arm to Nationwide for $1.25B cash
Allstate (NYSE:ALL) said Thursday it has agreed to divest of its Group Health business to Nationwide Life Insurance Company for $1.25B in cash, adjusted for the closing balance sheet. The deal comes as Allstate (NYSE:ALL) progresses in its strategy to combine the Health & Benefits units "with companies that have greater strategic alignment,
Allstate to sell group health business to Nationwide for $1.25 billion
The Allstate Corporation has reached a definitive agreement to sell its group health business to Nationwide for $1.25 billion in cash, subject to adjustments based on the closing balance sheet and standard closing conditions, including regulatory approvals. The transaction is expected to close in 2025.
Allstate to sell Group Health business to Nationwide for $1.25B in cash
Corporation announced a definitive agreement to sell its Group Health business to Nationwide for $1.25B in cash, adjusted
Allstate to sell Group Health business to Nationwide
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.
CNN on MSN15d
UnitedHealth Group CEO: US health care needs to be ‘less confusing, less complex and less costly’
Andrew Witty, UnitedHealth Group’s CEO, defended the company’s commitment to its consumers following the murder of Brian Thompson, CEO of UnitedHealthcare, the company’s health insurance division.
Forbes15d
UnitedHealth Group 2024 Profits Hit $14 Billion Despite Cyberattack, Rising Costs
UnitedHealth Group Thursday reported $14.4 billion in 2024 profits including $5.5 billion in the ... [+] fourth quarter as its portfolio of health insurance and provider services overcame rising ...
STAT8d
UnitedHealth Group promotes Tim Noel to CEO of health insurance business
The company said Thursday that Tim Noel will be CEO of UnitedHealthcare, replacing Brian Thompson, who was killed in New York ...