No, Allstate no longer originates or sells its own primary life insurance policies. The corporation officially completed the sale of its entire life insurance and annuity subsidiary business (Allstate Life Insurance Company) to Everlake US Holdings, an investment firm managed by Blackstone. While legacy policies issued prior to the divestiture continue to be administered by the acquiring entities, Allstate itself operates strictly as a property-and-casualty and supplemental-benefits provider.
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