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Allstate Corp Announces Agreement to Sell Allstate Life Insurance Co to Entities Managed by Blackstone Group Inc - M&A Call Transcript

Jan 27, 2021 / 01:30PM GMT
Release Date Price: $65.16 (+0.40%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to today's program, which is entitled Allstate announces agreement to sell Allstate Life Insurance Company. (Operator Instructions) As a reminder, today's program is being recorded.

And now I'd like to introduce your host for today's program, Mark Nogal, Director of Investor Relations. Please go ahead, sir.

Mark Nogal
The Allstate Corporation - Head of IR

Thank you, Jonathan. Yesterday, following the close of the market, we issued a press release announcing Allstate's agreement to sell Allstate Life Insurance Company. After prepared remarks by our Chair, President and CEO, Tom Wilson; and Chief Financial Officer, Mario Rizzo, we will have a question-and-answer session with the rest of our management team. The call will last 30 minutes. And we are finished before the market opens. We will not be covering current operating results, so please hold those questions for the fourth quarter earnings call next week.

We have posted a slide presentation for use in today's discussion that can

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