Allstate to Sell Group Health Business to Nationwide

Nationwide to Acquire Allstate's Stop-Loss Insurance Business in $1.25 Billion Deal
(Reuters) - U.S. insurer Nationwide said on Thursday that it would acquire property and casualty insurer Allstate Corp's employer stop-loss segment in a $1.25 billion deal, as it seeks to expand its stop-loss insurance offering. The transaction is expected to close in the second half of 2025, Nationwide said in a statement.
M&A News: Allstate Sells Group Health Business to Nationwide for $1.25B
U.S.-based insurer Allstate Corporation (ALL) has agreed to sell its Group Health business to its rival Nationwide for $1.25 billion in cash.
Allstate to Sell Group Health Business to Nationwide for $1.25 Billion Cash
Chief Financial Officer Jess Merten said that the deal will generate a financial book gain of about $450 million and increase deployable capital by $900 million.
Allstate to sell Group Health arm to Nationwide for $1.25B cash
Allstate (NYSE:ALL) said Thursday it has agreed to divest of its Group Health business to Nationwide Life Insurance Company for $1.25B in cash, adjusted for the closing balance sheet. The deal comes as Allstate (NYSE:ALL) progresses in its strategy to combine the Health & Benefits units "with companies that have greater strategic alignment,
Allstate to sell Group Health unit to Nationwide Life Insurance for $1.25B
On January 30, 2025, The Allstate Corporation entered into a definitive Equity Purchase Agreement with Nationwide Life Insurance Company, an Ohio corporation, under which the Buyer has agreed to acquire all of the shares of the capital stock of the Registrant’s wholly owned indirect subsidiaries,
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