Allstate to sell life insurance division to PE giant Blackstone for $2.8bn
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Allstate to sell life insurance division to PE giant Blackstone for $2.8bn

John Hewitt Jones
January 27, 2021
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Allstate has agreed to sell its life insurance arm, Allstate Life Insurance Company (ALIC), to entities managed by private equity firm Blackstone for $2.8bn. 

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