Allstate / National General 2021

Allstate acquired National General for $4.0B on July 7, 2020.

Target

National General

Acquirer

Allstate

Deal value

$4.0B

Deal type

Cash

Announced

July 7, 2020

Sub-sector

Insurtech

Allstate buys nonstandard auto and independent agent channel platform at $34.50 per share to expand independent-agent distribution.

Deal value

$4.0B

Target revenue

—

Target EBITDA

—

EV / Revenue

—

EV / EBITDA

—

Announcement

July 7, 2020

Close date

January 4, 2021

Acquirer

Allstate (Strategic)

Target HQ

United States

Deal type

Cash

Sub-sector

Insurtech

Source: allstatenewsroom.com