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 ...
The National Law Review16h
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.
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 ...
Forbes2d
How Much Is Business Insurance?
Ashlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about ...
Marketplace10d
Could natural disasters cause insurance companies to go out of business?
Insurance companies have a surplus to help pay out claims, but that doesn't mean an insurer will be available in your state.
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 ...
cnbctv184h
PB Fintech’s health insurance business growing four times faster than the industry, says Group CEO
PB Fintech’s Chairman & Group CEO, Yashish Dahiya, said that there are plans to turn Paisabazaar into a complete personal finance platform covering unsecured credit, savings, and investments.
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 ...