Nationwide to Acquire Allstate Employer Stop Loss Business for $1.25 billion
Nationwide has announced a definitive agreement to acquire Allstate's employer stop loss segment for $1.25 billion. The transaction, expected to close in the second half of 2025, will strengthen Nationwide's portfolio and expand its ability to provide stop loss insurance to small businesses.
The acquisition will protect over 13,000 small businesses through stop loss insurance, which safeguards employers with self-funded health insurance plans from excess losses. The deal represents a significant investment in the stop loss market and will position Nationwide as a leading provider in the industry.
The transaction will add experienced talent with proven business results and complement Nationwide's existing offerings while creating opportunities for growth in employer benefits. Citi and Squire Patton Boggs LLP are advising Nationwide, while J.P. Morgan, Ardea Partners, and Willkie Farr & Gallagher LLP are advising Allstate.
Nationwide ha annunciato un accordo definitivo per acquisire il segmento di stop loss per datori di lavoro di Allstate per 1,25 miliardi di dollari. La transazione, prevista per concludersi nella seconda metà del 2025, rafforzerà il portafoglio di Nationwide ed espanderà la sua capacità di fornire assicurazioni stop loss alle piccole imprese.
L'acquisizione proteggerà oltre 13.000 piccole imprese tramite l'assicurazione stop loss, che tutela i datori di lavoro con piani di assicurazione sanitaria autofinanziati contro le perdite eccessive. L'accordo rappresenta un investimento significativo nel mercato dello stop loss e posizionerà Nationwide come fornitore leader nel settore.
La transazione porterà talenti esperti con risultati aziendali comprovati e completerà le offerte esistenti di Nationwide, creando opportunità di crescita nei benefici per i dipendenti. Citi e Squire Patton Boggs LLP stanno consigliando Nationwide, mentre J.P. Morgan, Ardea Partners e Willkie Farr & Gallagher LLP stanno consigliando Allstate.
Nationwide ha anunciado un acuerdo definitivo para adquirir el segmento de stop loss para empleadores de Allstate por 1.25 mil millones de dólares. Se espera que la transacción se cierre en la segunda mitad de 2025, lo que fortalecerá el portafolio de Nationwide y ampliará su capacidad para ofrecer seguros de stop loss a pequeñas empresas.
La adquisición protegerá a más de 13,000 pequeñas empresas a través del seguro de stop loss, que protege a los empleadores con planes de salud autofinanciados de pérdidas excesivas. El acuerdo representa una inversión significativa en el mercado de stop loss y posicionará a Nationwide como un proveedor líder en la industria.
La transacción agregará talento experimentado con resultados comerciales probados y complementará las ofertas existentes de Nationwide, creando oportunidades de crecimiento en los beneficios para los empleados. Citi y Squire Patton Boggs LLP están asesorando a Nationwide, mientras que J.P. Morgan, Ardea Partners y Willkie Farr & Gallagher LLP están asesorando a Allstate.
Nationwide는 Allstate의 고용주 스톱 로스 부문을 12억 5천만 달러에 인수하기 위한 최종 계약을 발표했습니다. 이번 거래는 2025년 하반기 완료될 예정이며, Nationwide의 포트폴리오를 강화하고 중소기업에 스톱 로스 보험을 제공하는 능력을 확장할 것입니다.
이번 인수는 스톱 로스 보험을 통해 13,000개 이상의 중소기업을 보호할 것이며, 이는 자금을 자급자족하는 건강 보험 계획을 가진 고용주를 과도한 손실로부터 보호합니다. 이 거래는 스톱 로스 시장에 대한 중요한 투자를 나타내며, Nationwide를 업계의 선도적인 제공업체로 자리매김할 것입니다.
이번 거래는 입증된 비즈니스 성과를 가진 경험 있는 인재를 추가하고, Nationwide의 기존 제품을 보완하며, 고용주 혜택에서 성장 기회를 창출할 것입니다. Nationwide에 대해 Citi와 Squire Patton Boggs LLP가 자문하고, Allstate에 대해 J.P. Morgan, Ardea Partners 및 Willkie Farr & Gallagher LLP가 자문하고 있습니다.
Nationwide a annoncé un accord définitif pour acquérir le segment stop loss pour employeurs d'Allstate pour 1,25 milliard de dollars. La transaction, qui devrait être finalisée au cours du second semestre 2025, renforcera le portefeuille de Nationwide et élargira sa capacité à fournir des assurances stop loss aux petites entreprises.
L'acquisition protégera plus de 13 000 petites entreprises grâce à des assurances stop loss, qui protègent les employeurs avec des régimes d'assurance santé autofinancés contre des pertes excessives. Cet accord représente un investissement significatif sur le marché des stop loss et positionnera Nationwide comme un fournisseur leader dans le secteur.
La transaction apportera des talents expérimentés avec des résultats commerciaux probants et complétera les offres existantes de Nationwide, tout en créant des opportunités de croissance dans les avantages aux employeurs. Citi et Squire Patton Boggs LLP conseillent Nationwide, tandis que J.P. Morgan, Ardea Partners et Willkie Farr & Gallagher LLP conseillent Allstate.
Nationwide hat eine endgültige Vereinbarung zur Übernahme des Arbeitgeber-Stop-Loss-Segments von Allstate für 1,25 Milliarden Dollar bekannt gegeben. Die Transaktion wird voraussichtlich in der zweiten Hälfte des Jahres 2025 abgeschlossen und wird das Portfolio von Nationwide stärken sowie die Fähigkeit erweitern, Stop-Loss-Versicherungen für kleine Unternehmen anzubieten.
Die Übernahme wird über 13.000 kleine Unternehmen durch Stop-Loss-Versicherungen schützen, die Arbeitgeber mit selbstfinanzierten Gesundheitsplänen vor übermäßigen Verlusten schützen. Der Deal stellt eine bedeutende Investition in den Stop-Loss-Markt dar und wird Nationwide als führenden Anbieter in der Branche positionieren.
Die Transaktion wird erfahrene Talente mit nachgewiesenen Geschäftsergebnissen hinzufügen und die bestehenden Angebote von Nationwide ergänzen, während sie Wachstumsmöglichkeiten im Arbeitgeberbenefitbereich schafft. Citi und Squire Patton Boggs LLP beraten Nationwide, während J.P. Morgan, Ardea Partners und Willkie Farr & Gallagher LLP Allstate beraten.
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The acquisition will strengthen and diversify Nationwide's portfolio, meeting more of the financial services needs of small businesses
"As Nationwide continues to focus on our mission to protect people, businesses and futures with extraordinary care, this acquisition is a strong fit," said Nationwide CEO Kirt Walker. "We are extending our protection solutions to meet the needs of business owners today and into the future."
This acquisition will further strengthen and diversify Nationwide Financial's portfolio, expanding the company's ability to sell stop loss insurance to small businesses. Stop loss insurance protects employers who self-fund their health insurance plans from excess losses.
"Acquiring Allstate's employer stop loss segment will broaden Nationwide Financial's portfolio, meeting the needs of small businesses, allowing us to serve more customers and positioning us as a leading provider in the stop loss industry," said John Carter, president and chief operating officer of Nationwide Financial. "This represents a significant investment in the stop loss market, adding experienced talent with proven business results, protecting over 13,000 small businesses and complementing our existing offerings in the market while accelerating our opportunity for growth."
This new business will lay the foundation for Nationwide to continue to add capabilities for significant growth in employer benefits.
Citi is acting as exclusive financial advisor and Squire Patton Boggs LLP is acting as legal advisor to Nationwide. J.P. Morgan and Ardea Partners are acting as financial advisors and Willkie Farr & Gallagher LLP is acting as legal advisor to Allstate.
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About Allstate
The Allstate Corporation (NYSE: ALL) protects people from life's uncertainties with a wide array of protection for autos, homes, electronic devices, and identity theft. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online, and at the workplace. Allstate is widely known for the slogan "You're in Good Hands with Allstate" For more information, visit www.allstate.com.
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