Allstate is selling you, per earnings release. You’ll be in a better place soon!
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It is all online about the sale
Yikes! Selling Health & Benefits right now in a weak receptive market shows how desperate and bad of shape Allstate is in. Just keeps getting worse and worse under Wilson and Co.
True. It's noted in the earnings call presentation for tomorrow. A profitable $2 billion premium business, but not a great time to sell into a weak capital markets environment. Should sell from a position of strength, not weakness. Buyers know we need the cash to shore up the balance sheet.
Fake news allstate isn't selling thats what Jeff Evans said
Not fake news. We received an email today telling us their intent to sell us. All-hands meeting tomorrow to officially announce it
Fake news
A shame. A lot of peers from ASIC went over to Benefits as management's ploy to "save their jobs". Now they will be the problem of the acquisition and laid off on that other company's watch. Allstate avoids being the "bad guys" once again.
That being said Health & Benefits will do much better than being stuck in this clown show.
This is a fact. Allstate health and benefits is on the auction block. Will be announced on the earnings call tomorrow. No idea who the lucky buyer will be.
Fake news