Nationwide to make $1.25B acquisition of Allstate business line
More than a decade after exiting health insurance, Nationwide has agreed to acquire a fast-growing employer benefits business line from one of its rivals.
Nationwide agrees to buy Allstate’s stop loss unit for $1.25bn
The move is expected to bolster Nationwide Financial's product offerings, particularly targeting small businesses with stop loss insurance.
Allstate to sell group health business to Nationwide for $1.25 billion
The Allstate Corporation has reached a definitive agreement to sell its group health business to Nationwide for $1.25 billion in cash, subject to adjustments based on the closing balance sheet and standard closing conditions, including regulatory approvals. The transaction is expected to close in 2025.
Nationwide to acquire Allstate's employer stop loss for $1.25B
Nationwide announced an agreement to acquire Allstate's employer stop loss segment for $1.25 billion, according to a press release. The acquisition will likely close in the second half of the year.
Allstate to sell Group Health business to Nationwide for $1.25B in cash
Corporation announced a definitive agreement to sell its Group Health business to Nationwide for $1.25B in cash, adjusted
Nationwide to acquire Allstate's stop-loss insurance business in $1.25 billion deal
(This Jan. 30 story has been corrected to fix John Carter's designation to president and COO of Nationwide Financial in paragraph 5) (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.
Nationwide to buy Allstate's stop loss segment for $1.25 billion
COLUMBUS, Ohio - Nationwide, a major player in the U.S. insurance and financial services sector, has announced the acquisition of The Allstate Corporation (NYSE:ALL)'s employer stop loss insurance segment for $1.
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 CEO Thomas J. Wilson sells $6.05 million in stock
Thomas J. Wilson, Chairman, President, and CEO of Allstate Corp (NYSE:ALL), a $48.9 billion market cap insurance giant trading at a P/E of 11.8, has recently disclosed significant stock sales ...
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Allstate deletes social media post of CEO's controversial Sugar Bowl message amid backlash
Allstate, the corporate sponsor of the Sugar Bowl, appeared to wipe its social media of a video message from CEO Tom Wilson after his remarks following the terrorist attack on Bourbon Street in ...
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Allstate deletes CEO video on New Orleans attack amid backlash
“I heard: There was no televised National Anthem for Sugar Bowl yesterday. Instead a DEI message by @Allstate CEO,” former NFL quarterback Brett Farve wrote. “Woke is a joke.” “Allstate ...
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Allstate CEO Tom Wilson faces MAGA backlash following bizarre Sugar Bowl ad in the wake of New Orleans attack
Together we win.” open image in gallery Allstate CEO Tim Wilson is facing backlash for an advert put out before the Sugar Bowl on Thursday (Isabel Brown/X) The Allstate chief executive ignited a ...
Evercore ISI Remains a Buy on Allstate (ALL)
Evercore ISI analyst David Motemaden maintained a Buy rating on Allstate (ALL – Research Report) on January 31 and set a price target of ...
Allstate to sell Group Health business to Nationwide
The Allstate Corporation (NYSE: ALL) announced a definitive agreement to sell its Group Health business to Nationwide for ...
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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 ...