StanCorp Acquires Allstate's Voluntary Benefits
This is a news story, published by Yahoo Finance, that relates primarily to Allstate news.
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Business & Economics
The Standard finalises $2bn deal to buy Allstate’s voluntary benefits arm

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.
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