Columbus, Ohio, USA - December 27, 2021: Closeup Nationwide logo at their headquarters in Columbus, Ohio, USA. Nationwide is a group of U.S. insurance and financial services companies.. Credit: JHVEPhoto/Adobe Stock

Nationwide has entered into a definitive agreement to purchase the Allstate Corporation’s employer stop loss segment, the company announced on July 1, 2025.

The transaction is expected to close in the second half of this year, according to Nationwide, and is subject to customary closing conditions. As part of the $1.25 billion acquisition, Lindsey Murray, the former chief operating officer of Allstate Health, has joined Nationwide and will lead the newly formed Nationwide Group Benefits segment.

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Joe Toppe

Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.