Nationwide to Acquire Allstate Employer Stop Loss Business for $1.25 billion
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Nationwide is set to acquire Allstate's employer stop loss business for $1.25 billion, aiming to strengthen and diversify its portfolio. The deal is expected to close in the second half of 2025.
January 30, 2025 | 10:30 pm
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Allstate is selling its employer stop loss business to Nationwide for $1.25 billion, which could impact its focus and financials.
The sale of the employer stop loss business could allow Allstate to focus on its core operations, but the immediate financial impact is neutral as the transaction is pending completion.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80