Allstate to sell Group Health arm to Nationwide

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 $1.25 billion in cash, adjusted for the closing balance sheet, and subject to standard closing conditions including regulatory approvals.
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 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,
M&A News: Allstate Sells Group Health Business to Nationwide for $1.25B
U.S.-based insurer Allstate Corporation (ALL) has agreed to sell its Group Health business to its rival Nationwide for $1.25 billion in cash.
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 sells its Group Health business to Nationwide for $1.25bn
US primary insurer, The Allstate Corporation, has entered into a definitive agreement to sell its Group Health business to Nationwide for $1.25 billion in
Allstate to sell group health business to Nationwide for US$1.25bn
Allstate's group health business provides stop-loss insurance to small businesses, which will gain access to Nationwide's complementary product offerings
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.
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.
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