Allstate to Sell Allstate Life Insurance Co. for $2.8 Billion o Blackstone
By Josh Beckerman
Allstate Corp. agreed to sell Allstate Life Insurance Co. for
$2.8 billion to Blackstone Group Inc.
Allstate said it is "deploying capital out of lower growth and
return businesses" while continuing its strategy to grow market
share in personal property-liability.
ALIC holds about 80%, or $23 billion, of Allstate's life and
Write to Josh Beckerman at firstname.lastname@example.org
(END) Dow Jones Newswires
January 26, 2021 18:32 ET (23:32 GMT)
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