Allstate said it completed the sale of its Group Health business to Nationwide for $1.25 billion on July 1, 2025.

8-KOther EventsFiled Jul 1, 2025Period of report Jul 1, 2025Summary published (UTC) Oct 14, 2026

Key points

AI summary

Allstate said it completed the sale of its Group Health business to Nationwide for $1.25 billion on July 1, 2025.
The company said the combined sale of its Group Health and Employer Voluntary Benefits businesses totaled $3.25 billion, and cited it as an example of its strategic approach to capital management.
Citing Chief Financial Officer Jess Merten, the company said the Group Health sale is expected to generate a financial book gain of approximately $500 million.
The company said the sale combines Group Health with Nationwide's stop-loss insurance business, which it said improves growth opportunities for Group Health.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Completes Sale of Group Health Business

Allstate said it completed the sale of its Group Health business to Nationwide for $1.25 billion on July 1, 2025.

Source · Based on the filing body and exhibits

Combined Group Health and Employer Voluntary Benefits Sale Total

The company said the combined sale of its Group Health and Employer Voluntary Benefits businesses totaled $3.25 billion, and cited it as an example of its strategic approach to capital management.

Source · Based on the filing body and exhibits

Expected Book Gain on Sale

Citing Chief Financial Officer Jess Merten, the company said the Group Health sale is expected to generate a financial book gain of approximately $500 million.

Source · Based on the filing body and exhibits

Combination with Nationwide's Stop-Loss Insurance Business

The company said the sale combines Group Health with Nationwide's stop-loss insurance business, which it said improves growth opportunities for Group Health.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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