T Optimizes Portfolio With Strategic Divestiture: Will it Fuel Growth? July 04, 2025 — 10:06 am EDT Written by Aritra Chatterjee for Zacks -> ...

Without Allstate, Marty McFly might never have left 1985, or perhaps he would have traveled back in time in a Buick, forever disrupting the space-time continuum of the movie trilogy.

US primary insurer The Allstate Corporation has completed the previously announced sale of its Group Health business to Nationwide for $1.25 billion, with the transaction closing per the terms of the ...

CHICAGO — On the 40th anniversary of the “Back to the Future” movie premiere, Northbrook-based insurance giant Allstate is traveling back to the past to reveal its little-known role in ...

The divestiture of the Group Health business is projected to yield a financial book gain of around $500 million and marks an effort of Allstate to sustain its strong record of returning value to ...

"The sale of Group Health is expected to generate a financial book gain of approximately $500 million," said Jess Merten, Allstate's Chief Financial Officer.

Nationwide has completed its $1.25 billion acquisition of The Allstate Corporation’s employer stop loss business, expanding its presence in the self-funded health benefits market.