Nationwide to acquire Allstate's Group Health business

Allstate Corporation signed a definitive agreement with Nationwide on 30 January 2025 for the sale of its Group Health business. The transaction is valued at 1.25 billion USD.

Group Health offers stop-loss insurance to small businesses, which will now have access to Nationwide's complementary products.

Pending regulatory approvals, the deal is expected to close in the second half of 2025.

As a reminder, both Allstate and Nationwide are included in the “Fortune 500 2025” ranking of the 500 largest U.S. companies by revenue.