The company states: On January 30, 2025, The Allstate (ALL) Corporation entered into a definitive Equity Purchase Agreement with Nationwide Life Insurance Company, an Ohio corporation, under which the Buyer has agreed to acquire all of the shares of the capital stock of the Registrant’s wholly owned indirect subsidiaries, Direct General Life Insurance Company and NSM Sales Corporation, and 100% of the membership interests in The Association Benefits Solution, LLC, comprising the Registrant’s group health business, for $1.25 billion in cash, adjusted for the closing balance sheet. The Transaction is subject to regulatory approvals and other customary closing conditions.
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