Blackstone, Inc. acquires Allstate Life Insurance Co.

On January 26, 2021, Blackstone, Inc. acquired Allstate Life Insurance Co., an insurance company in Illinois, United States, from The Allstate Corporation.

Deal at a glance

AnnouncedJanuary 26, 2021 TypeDivestiture TargetAllstate Life Insurance Co. Buyer Blackstone, Inc. Seller The Allstate Corporation SectorInsurance LocationIllinois, United States ValueMembers only

Target company

Allstate Life Insurance Co.

Illinois, United States

Insurancesector

2018founded

Activestatus

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Buyer

Blackstone, Inc.

Private equity firm · 297 deals on record

10th transaction in insurance
157th transaction in United States

297deals, all time

10in this sector

2026latest

Seller

The Allstate Corporation

Company · 15 deals on record

15investments

5in this sector

4exits

Members only

Contact details at the buyers and sellers

The full deal history of every party

Co-investors and the other advisors on this deal

Deal value and revenue or EBITDA multiples

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Questions about this deal

Who acquired Allstate Life Insurance Co.?Blackstone, Inc. acquired Allstate Life Insurance Co. on January 26, 2021.

Who sold Allstate Life Insurance Co.?The Allstate Corporation was the seller.

What type of deal was it?It was a divestiture in the insurance sector in 2021.

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