Nationwide to acquire allstate employer stop loss business for $1.25 billion

The acquisition will strengthen and diversify nationwide's portfolio, meeting more of the financial services needs of small businesses columbus, ohio , jan. 30, 2025 /prnewswire/ -- nationwide, one of the largest providers of insurance and financial services products in the u.s., announced today that it has entered into a definitive agreement to purchase the allstate corporation's (nyse: all) employer stop loss segment for $1.25 billion. the transaction is expected to close in the second half of 2025, subject to customary closing conditions.
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