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Slide #85. Resolution Life Holdings, Inc. — Lincoln Benefit Life Company
Resolution Life Holdings, Inc.
Lincoln Benefit Life Company (NYSE:ALL)
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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Hold (2.50 out of 4)