{"id":832516,"date":"2025-04-01T13:05:13","date_gmt":"2025-04-01T17:05:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/allstate-completes-sale-of-employer-voluntary-benefits-business\/"},"modified":"2025-04-01T13:05:13","modified_gmt":"2025-04-01T17:05:13","slug":"allstate-completes-sale-of-employer-voluntary-benefits-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/allstate-completes-sale-of-employer-voluntary-benefits-business\/","title":{"rendered":"Allstate Completes Sale of Employer Voluntary Benefits Business"},"content":{"rendered":"

<\/p>\n

Allstate Completes Sale of Employer Voluntary Benefits Business<\/b><\/p>\n

NORTHBROOK, Ill.–(BUSINESS WIRE<\/a>)–
\nThe Allstate Corporation (NYSE: ALL<\/a>) today completed the sale of its Employer Voluntary Benefits business to StanCorp Financial Group, Inc., (The Standard) for $2.0 billion.\n<\/p>\n

\n\u201cThe sale of the Employer Voluntary Benefits business improves the growth opportunities of a highly successful business, creating additional value for Allstate\u2019s shareholders,\u201d said Tom Wilson, Chair, President and CEO of The Allstate Corporation. \u201cThis transaction, along with the previously announced definitive agreement to sell the Group Health business, is expected to generate combined proceeds of $3.25 billion in 2025. Allstate is well-positioned to execute our strategy to increase personal property-liability market share and expand protection services.\u201d\n<\/p>\n

\n\u201cThe sale of Employer Voluntary Benefits generated a financial book gain of about $625 million,\u201d concluded Jess Merten, Allstate\u2019s Chief Financial Officer. \u201cThe proceeds will support our disciplined capital management approach, including the recently announced share repurchase program.\u201d\n<\/p>\n

\nFinancial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com<\/a>.\n<\/p>\n

About Allstate<\/b><\/p>\n

\nThe Allstate Corporation (NYSE: ALL) protects people from life\u2019s 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 \u201cYou\u2019re in Good Hands with Allstate.\u201d For more information, visit www.allstate.com<\/a>.\n<\/p>\n

About The Standard<\/b><\/p>\n

\nThe Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. In business since 1906, we are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and group vision insurance, voluntary and supplemental benefits, absence management and paid family leave services, retirement plans products and services and individual annuities. For more information about The Standard, visit standard.com<\/a> and follow us on LinkedIn<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250401340208\/en\/<\/a><\/span><\/p>\n

\nNick Nottoli
\n
(847) 402-5600<\/p>\n

Allister Gobin
\n
(847) 402-2800<\/p>\n

Melissa Wilmot (The Standard)
\n
(971) 321-4976\n<\/p>\n

KEYWORDS:<\/b> United States North America Illinois<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Professional Services Professional Services Insurance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Allstate Completes Sale of Employer Voluntary Benefits Business NORTHBROOK, Ill.–(BUSINESS WIRE)– The Allstate Corporation (NYSE: ALL) today completed the sale of its Employer Voluntary Benefits business to StanCorp Financial Group, Inc., (The Standard) for $2.0 billion. \u201cThe sale of the Employer Voluntary Benefits business improves the growth opportunities of a highly successful business, creating additional value for Allstate\u2019s shareholders,\u201d said Tom Wilson, Chair, President and CEO of The Allstate Corporation. \u201cThis transaction, along with the previously announced definitive agreement to sell the Group Health business, is expected to generate combined proceeds of $3.25 billion in 2025. Allstate is well-positioned to execute our strategy to increase personal property-liability market share and expand protection services.\u201d \u201cThe sale of Employer Voluntary Benefits generated … <\/p>\n

Continue reading “Allstate Completes Sale of Employer Voluntary Benefits Business”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-832516","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAllstate Completes Sale of Employer Voluntary Benefits Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/allstate-completes-sale-of-employer-voluntary-benefits-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allstate Completes Sale of Employer Voluntary Benefits Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Allstate Completes Sale of Employer Voluntary Benefits Business NORTHBROOK, Ill.–(BUSINESS WIRE)– The Allstate Corporation (NYSE: ALL) today completed the sale of its Employer Voluntary Benefits business to StanCorp Financial Group, Inc., (The Standard) for $2.0 billion. \u201cThe sale of the Employer Voluntary Benefits business improves the growth opportunities of a highly successful business, creating additional value for Allstate\u2019s shareholders,\u201d said Tom Wilson, Chair, President and CEO of The Allstate Corporation. \u201cThis transaction, along with the previously announced definitive agreement to sell the Group Health business, is expected to generate combined proceeds of $3.25 billion in 2025. 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