12 Best Health Insurance Stocks to Buy in 2025

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6. The Allstate Corporation (NYSE:ALL)

Number of Hedge Fund Holders: 62

The Allstate Corporation (NYSE:ALL) is an American insurance company that ranks among the best health insurance stocks to buy in 2025. The company offers its services in the United States and Canada. While the company primarily offers property and casualty insurance, it also offers health solutions for individuals, seniors, and businesses. The Allstate Corporation (NYSE:ALL) offers a wide range of plans, including dental, disability, cancer, critical illness, and accident insurance.

The company also offers Group Health coverage options to provide health benefits for businesses. However, on January 30, 2025, The Allstate Corporation (NYSE:ALL) announced its agreement to sell its Group Health business to Nationwide for $1.25 billion. This transaction combined with the previously announced sale of Employer Voluntary Benefits to StanCorp Financial Group will bring in total sale proceeds of $3.25 billion.

The Allstate Corporation (NYSE:ALL) is focused on maximizing shareholder value and achieving greater strategic alignment. The company’s individual health business reported an adjusted net income of $30 million in 2024. This business has attractive growth prospects and the company plans to either retain or combine it with another company.

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