Allstate Mergers & Acquisitions

Allstate M&A Summary

Allstate has acquired 16 companies, including 2 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 7 assets.

Allstate’s largest acquisition to date was in 2020, when it acquired National General Holdings for $4.0B. It’s largest disclosed sale occurred in 2021, when it sold Everlake Life Insurance Co. to The Blackstone Group for $4.0B. Allstate has acquired in 8 different US states. The Company’s most targeted sectors include insurance (43%) and software (15%).

M&A Summary

  • M&A Total Activity21
    • M&A Buy Activity14
    • M&A Sell Activity7
  • Total Sectors Invested 7
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 16

Allstate

The Allstate Corp.

3100 Sanders Road,
Northbrook, Illinois 60062
United States,
(847) 402-5000
www.allstate.com

All (21) Buy (14) Sell (7)
Date Target Value
$mlns
Transaction Type Acquirer Seller SRC
Link
2025-01-30 Allstate - Group Health business · Insurance
Northbrook, Illinois

Allstate's Group Health business provides various health coverage options designed to meet the needs of small and mid-sized businesses. Allstate's Group Health business is based in Northbrook, Illinois.

1,250 Divestiture

Nationwide Mutual Insurance Co., Inc.
Advisors: Citi , Squire Patton Boggs

Allstate
Advisors: Ardea Partners , J.P. Morgan Securities , Willkie Farr & Gallagher


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