The Allstate (ALL) Corporation completed the sale of its Group Health business to Nationwide for $1.25B. “The sale delivers strong shareholder value and improves growth opportunities for Group Health by joining Nationwide’s stop-loss insurance business,” said Tom Wilson, Chair, President and CEO of The Allstate Corporation. “Selling the Group Health and Employer Voluntary Benefits businesses for a combined $3.25B demonstrates the strength of these businesses and Allstate’s strategic approach to capital management.”
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