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0.000430580805664546 0.000191369246961975 -0.00148311166395561 0.000239211558702435 0.00234427327528457 0.00411443880968321 -0.00193761362549039 -0.00344464644531623
Stock impact report

Allstate Completes Sale of Employer Voluntary Benefits Business

Allstate Corporation (The) (ALL) 
Last allstate corporation (the) earnings: 2/4 06:08 pm Check Earnings Report
US:NYSE Investor Relations: allstateinvestors.com
Company Research Source: Business Wire
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.“The sale of the Employer Voluntary Benefits business improves the growth opportunities of a highly successful business, creating additional value for Allstate’s shareholders,” said Tom Wilson, Chair, President and CEO of The Allstate Corporation. “This 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.”“The sale of Employer Voluntary Benefits generated a financial book gain of about $625 million,” concluded Jess Merten, Allstate’s Chief Financial Officer. “The proceeds will support our disciplined capital management appro Show less Read more
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