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

By Yahoo! Finance   |   1 week ago
The Standard finalises $2bn deal to buy Allstate's voluntary benefits arm

StanCorp Financial Group, known as The Standard, has acquired Allstate's employer voluntary benefits business for approximately $2bn. The deal includes American Heritage Life Insurance Company, and a future distribution partnership will allow The Standard's products to be offered to Allstate customers.

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