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Financial M&A image Financial M&A » By The Online Investor Staff, updated Sun., Apr. 11, 8:09 AM Recent mergers and acquisitions in the Financial M&A category.

Slide #85. Resolution Life Holdings, Inc. Lincoln Benefit Life Company

Acquirer: Resolution Life Holdings, Inc.
Acquiree: Lincoln Benefit Life Company (NYSE:ALL)
Details: The Allstate Corporation (NYSE: ALL) has completed the sale of Lincoln Benefit Life Company to Resolution Life Holdings, Inc. "This divestiture is another strategic step for Allstate to serve distinct consumer segments with differentiated offerings," said Thomas J. Wilson, chairman, president and chief executive officer of The Allstate Corporation. "Allstate Financial will now focus on providing proprietary life and non-proprietary retirement products to the customer segment served by local Allstate agencies. This sale also supports our risk and return objectives of reducing exposure to interest rates and spread-based businesses."



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Company Name: 
Allstate Corp
Stock buyback: 
ALL buyback
Website: 
www.allstate.com
Sector: 
Insurance Brokers
Number of ETFs Holding ALL: 
121
Total Market Value Held by ETFs: 
$4.62B
Total Market Capitalization: 
$35.25B
% of Market Cap. Held by ETFs: 
13.12%
 

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Buy (3.27 out of 4)
43rd percentile
(ranked lower than approx. 57% of all stocks covered)

Analysts' Target Price:
ALL Stock Forecast

Based on Zacks ABR data;
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