Allstate Acquires National General Holdings

Nationwide Acquires Allstate Employer Stop Loss Business for $1.25B

July 1, 2025

Insurance

Nationwide has completed the $1.25 billion acquisition of The Allstate Corporation's employer stop loss segment, closing the agreement announced Jan. 30, 2025. The business will join Nationwide's newly formed Group Benefits segment led by Lindsey Murray and expands Nationwide's capabilities to sell stop-loss insurance to small businesses.

Sentry Insurance Acquires The General from American Family Insurance

January 1, 2025

Insurance

Sentry Insurance completed the $1.7 billion acquisition of The General from American Family Insurance, consolidating its position in the non-standard auto insurance market. The acquisition brings The General's ~1,300 associates into Sentry's organization and will make The General Sentry's primary brand for the NSA market, combining Dairyland's independent agent network with The General's direct-to-consumer expertise.

Liberty Mutual Acquires State Auto Group

July 12, 2021

Insurance

Liberty Mutual Holding Company has signed a definitive agreement to acquire State Auto Group, including the publicly traded State Auto Financial Corporation, for $52 per share. The deal expands Liberty Mutual's presence in the independent agent channel by adding roughly $2.3 billion of premium, ~3,400 independent agencies and ~2,000 associates, and is expected to close pending regulatory and shareholder approvals.

B. Riley Financial to Acquire National Holdings

January 11, 2021

Financial Services

B. Riley Financial has entered into a definitive agreement to acquire National Holdings Corporation, initiating an all-cash tender offer for the remaining shares it does not own at $3.25 per share. The deal will combine B. Riley's diversified financial services platform with National's investment banking, brokerage and wealth management businesses, materially expanding B. Riley's retail distribution and assets under management.

Fidelity National Financial Acquires AllFirst Title Insurance Agency

August 16, 2022

Insurance

Fidelity National Financial (FNF) has acquired AllFirst Title Insurance Agency and its portfolio of regional brands, which provide title examination, abstract and settlement services across 121 counties in Texas, Oklahoma, New Mexico and Arkansas. The deal brings 500+ AllFirst employees and multiple regional brands into FNF’s title platform; AllFirst senior management will continue to lead operations and Luke Strawn will report to Joe Grealish. Financial terms were not disclosed in the company announcement.

Blackstone Acquires Allstate Life Insurance Company (Everlake Life) for $2.8B

December 2, 2021

Financial Services

Blackstone-managed entities purchased Allstate Life Insurance Company and certain subsidiaries for $2.8 billion; the business has been renamed Everlake Life Insurance Company. Domain Capital Advisors served as lead lender in a multi-lender syndicate providing and servicing the debt for the transaction. The seller was The Allstate Corporation, which divested the life and annuity business.