The transaction is expected to close in the second half of 2025, subject to customary closing conditions. (Credit: JHVEPhoto/Adobe Stock)
Nationwide announced that it has entered into a definitive agreement to purchase Allstate’s employer stop loss segment for $1.25 billion.
“As Nationwide continues to focus on our mission to protect people, businesses and futures with extraordinary care, this acquisition is a strong fit,” Nationwide CEO Kirt Walker said in a release. “We are extending our protection solutions to meet the needs of business owners today and into the future.”
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
