welcome
GlobalData

GlobalData

Business

Business & Economics

The Standard finalises $2bn deal to buy Allstate’s voluntary benefits arm

GlobalData
Summary
Nutrition label

80% Informative

StanCorp Financial Group has completed the acquisition of Allstate 's employer voluntary benefits business in a transaction valued at approximately $2bn .

The deal, initially announced in August 2024 , generated a financial book gain of around $625 m for Allstate .

It includes American Heritage Life Insurance Company , which will eventually operate under The Standard brand.

VR Score

76

Informative language

72

Neutral language

80

Article tone

formal

Language

English

Language complexity

70

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links

Small business owner?

Otherweb launches Autoblogger—a revolutionary way to bring more leads to any small business, using the power of AI.