YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Allstate selling life insurance unit to Blackstone

Posted online

Allstate reached a deal to sell its life insurance unit to investment firm Blackstone.

The deal for Allstate Life Insurance Co. is valued at $2.8 billion.

The company in 2019 generated net income of $467 million.

Read more from Seeking Alpha.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: Premier Truck Group sales and repair facility

Logistics company Premier Truck Group is building a new truck sales and repair facility in Strafford, using precast contract, metal framing, thermoplastic polyolefin roofing and standing-seam metal in its construction.

Most Read
SBJ.net Poll
Update cookies preferences