Nationwide completed the acquisition of the Group Health business of Allstate for $1.25bn.

Nationwide, a diversified insurance and financial services company, completed the acquisition of the Group Health business, which provides stop-loss insurance to small businesses of Allstate, an insurance firm, for $1.25bn. “The sale delivers strong shareholder value and improves growth opportunities for Group Health by joining Nationwide’s stop-loss insurance business. Selling the Group Health and Employer Voluntary Benefits businesses for a combined $3.25 billion demonstrates the strength of these businesses and Allstate’s strategic approach to capital management,” Tom Wilson, The Allstate Corporation Chair, President and CEO.