Northbrook, Illinois, April 1, 2025 – Allstate Company (NYSE: ALL) right this moment introduced the Stancorp Monetary Group, Inc. The sale of the employer voluntary profit enterprise to (commonplace) was accomplished for $2 billion.
“The sale of an employer’s voluntary revenue enterprise improves progress alternatives for extremely profitable companies and creates further worth for Allstate shareholders,” stated Tom Wilson, president and CEO of Allstate Company. “The transaction is anticipated to generate a complete income of $3.25 billion in 2025, together with the beforehand introduced decisive settlement to promote the group well being enterprise. Allstate is nicely positioned to implement its technique to extend its private property accountable market share and broaden its protecting companies.”
“The sale of the employer’s voluntary advantages generated roughly $625 million in monetary books,” concluded Jess Merten, Chief Monetary Officer of Allstate. “Revenues assist our disciplined capital administration method, together with the not too long ago introduced inventory repurchase program.”
Monetary info, together with necessary bulletins about Allstate Company, is posted each day. www.allstateinvestors.com.
About AllState
Allstate Company (NYSE: ALL) protects individuals from life uncertainty by broadly defending theft of vehicles, properties, digital units and id theft. Merchandise can be found via Allstate brokers, unbiased brokers, main retailers, and a large distribution community on-line and within the office. Allstate is broadly recognized for its slogan “You’ve a great hand with Allstate.” For extra info, please see www.allstate.com.
In regards to the requirements
This commonplace is a household of firms devoted to serving to their purchasers obtain monetary well-being and safety. In enterprise since 1906, it’s a main supplier of economic safety services and products for employers and people. Our merchandise embrace group and particular person incapacity insurance coverage, group life and unintended demise and demolition insurance coverage, group dental and group imaginative and prescient insurance coverage, voluntary and supplementary advantages, absent administration and paid household depart companies, retirement planning services and products, and private pensions. For extra details about the usual, please see Standard.com And comply with us LinkedIn.
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