Allstate Finalizes Group Health Divestiture for $1.25 Bn

Key Takeaways ALL closed the sale of its Group Health business to Nationwide, making a roughly $500 million book gain. The move is part of ALL's $3.25 billion divestiture plan to exit Health and Benefits operations. ALL aims to boost focus on core operations like Property-Liability and Protection Services units.The Allstate Corporation (ALL) recently closed the sale of its Group Health business to Nationwide for a total consideration of $1.25 billion. ALL initially announced its intention to divest this b ...