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.
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 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,
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,
Marsh McLennan beats profit estimates on risk and insurance business strength
Insurance brokerage and consulting firm Marsh McLennan's fourth-quarter profit beat Wall Street estimates on Thursday, ...
Simply Business Insurance Review 2025
Simply Business doesn’t provide business insurance — instead, it’s an insurance broker that partners with small business ...
WA insurance costs keep rising. What can the new commissioner do?
Home, auto and health insurance rates are on the rise. Here's what insurance commissioner Patty Kuderer says her office can ...
insurancebusinessmag1h
'Super Visa' applicants can now purchase health insurance out of the country
Canada has updated its policy, allowing applicants for the Parent and Grandparent Super Visa to purchase health insurance ...
Final Expense Life Insurance: What Agents Need To Know
Consistent lead flow and duplicability are critical to building a successful career in final expense life insurance. Agents ...
SmartFinancial on MSN6d
How Key Person Insurance Can Protect Your Business
Key person insurance can help your business avoid financial burdens if a critical employee, like a CEO or founder, passes ...
The National Law Review21h
Insurance Coverage for Business Interruption Losses: What Retailers Need to Know
Recent business disruptions have highlighted the vulnerabilities retailers face when unexpected events force closures.
AllBusiness.com on MSN9d
Is Cyber Insurance for a Small Business Worth the Investment?
The swift advancement of technology is a double-edged sword as threats in cybersecurity have dramatically expanded over the ...
The Outlook for Home and Auto Insurance in 2025
Home and auto insurance premiums may not increase as much as in recent years, but the industry remains under pressure.
Genworth ties executive pay to rate increases for long-term care insurance
Genworth Financial, which sells coverage in CT, has a business plan that relies heavily on getting what it wants from ...
What Los Angeles fire victims can expect from their insurance adjuster
A public insurance adjuster may help negotiate a better insurance payout for residents who lost their homes in the Los ...