The Allstate Corporation has agreed to sell Allstate Life Insurance Company to entities managed by Blackstone for $2.8 billion, the company said in a news release. ALIC holds approximately 80% (or $23 ...

Allstate now has turned out all the lights at its life-insurance business. The Northbrook-based insurance giant today announced a deal with Norwalk, Conn.-based Wilton Re to offload what remains of ...

It’s taken longer than a decade, but at last Allstate is essentially out of the life insurance business. The company's planned $2.8 billion sale to Blackstone Group of most of what remains of the unit ...

HOUSTON, September 30, 2025--(BUSINESS WIRE)--Corebridge Financial today announced countrywide availability of its life insurance products through Allstate Financial Services, LLC, representing a ...

Blackstone Group agreed to buy a life insurance business from Allstate for $2.8 billion as the private equity firm expands its foothold in the insurance industry. Entities managed by Blackstone will ...

Private equity giant Blackstone BX-0.25%decrease; red down pointing triangle Group Inc. has agreed to buy Allstate ALL-0.65%decrease; red down pointing triangle Life Insurance Co. from Allstate Corp.