Allstate Completes Sale of Employer Voluntary Benefits Business
Allstate (NYSE: ALL) has completed the sale of its Employer Voluntary Benefits business to StanCorp Financial Group (The Standard) for $2.0 billion. The transaction is expected to generate a financial book gain of approximately $625 million.
This sale, combined with the previously announced Group Health business sale, is projected to yield total proceeds of $3.25 billion in 2025. The strategic move aims to enhance Allstate's focus on increasing personal property-liability market share and expanding protection services.
The proceeds will support Allstate's disciplined capital management approach, including the recently announced share repurchase program.
Allstate (NYSE: ALL) ha completato la vendita della sua attività di Benefici Volontari per i Datori di Lavoro al StanCorp Financial Group (The Standard) per 2,0 miliardi di dollari. Si prevede che la transazione genererà un guadagno finanziario di circa 625 milioni di dollari.
Questa vendita, combinata con la vendita precedentemente annunciata dell'attività di Salute di Gruppo, dovrebbe produrre proventi totali di 3,25 miliardi di dollari nel 2025. Questa mossa strategica mira a migliorare il focus di Allstate sull'aumento della quota di mercato nel settore della responsabilità civile personale e sull'espansione dei servizi di protezione.
I proventi supporteranno l'approccio disciplinato di gestione del capitale di Allstate, incluso il programma di riacquisto di azioni recentemente annunciato.
Allstate (NYSE: ALL) ha completado la venta de su negocio de Beneficios Voluntarios para Empleadores al StanCorp Financial Group (The Standard) por 2.0 mil millones de dólares. Se espera que la transacción genere una ganancia financiera de aproximadamente 625 millones de dólares.
Esta venta, combinada con la venta del negocio de Salud de Grupo previamente anunciada, se proyecta que genere ingresos totales de 3.25 mil millones de dólares en 2025. Este movimiento estratégico tiene como objetivo mejorar el enfoque de Allstate en aumentar la cuota de mercado en el sector de responsabilidad civil personal y expandir los servicios de protección.
Los ingresos apoyarán el enfoque disciplinado de gestión de capital de Allstate, incluyendo el programa de recompra de acciones recientemente anunciado.
올스테이트 (NYSE: ALL)는 스탠코프 파이낸셜 그룹(The Standard)에 고용주 자발적 복리후생 사업을 20억 달러에 매각했다고 발표했습니다. 이번 거래는 약 6억 2500만 달러의 재무적 이익을 창출할 것으로 예상됩니다.
이번 판매는 이전에 발표된 그룹 건강 사업 매각과 결합되어 2025년까지 총 32억 5000만 달러의 수익을 창출할 것으로 예상됩니다. 이 전략적 움직임은 올스테이트가 개인 재산-책임 시장 점유율을 증가시키고 보호 서비스 확대에 집중하도록 하는 것을 목표로 합니다.
수익은 올스테이트의 체계적인 자본 관리 접근 방식을 지원하며, 최근 발표된 주식 재매입 프로그램을 포함합니다.
Allstate (NYSE: ALL) a finalisé la vente de son activité de Bénéfices Volontaires pour Employeurs au StanCorp Financial Group (The Standard) pour 2,0 milliards de dollars. La transaction devrait générer un gain financier d'environ 625 millions de dollars.
Cette vente, combinée à la vente précédemment annoncée de l'activité de Santé de Groupe, devrait produire des recettes totales de 3,25 milliards de dollars en 2025. Ce mouvement stratégique vise à renforcer l'accent mis par Allstate sur l'augmentation de sa part de marché dans le secteur de la responsabilité civile personnelle et à élargir les services de protection.
Les recettes soutiendront l'approche disciplinée de gestion du capital d'Allstate, y compris le programme de rachat d'actions récemment annoncé.
Allstate (NYSE: ALL) hat den Verkauf seines Geschäfts für freiwillige Arbeitgeberleistungen an die StanCorp Financial Group (The Standard) für 2,0 Milliarden Dollar abgeschlossen. Es wird erwartet, dass die Transaktion einen finanziellen Buchgewinn von etwa 625 Millionen Dollar generiert.
Dieser Verkauf, kombiniert mit dem zuvor angekündigten Verkauf des Gruppen-Gesundheitsgeschäfts, wird voraussichtlich Gesamterlöse von 3,25 Milliarden Dollar im Jahr 2025 erzielen. Dieser strategische Schritt zielt darauf ab, den Fokus von Allstate auf die Erhöhung des Marktanteils im Bereich der privaten Haftpflichtversicherung zu stärken und die Schutzdienstleistungen auszubauen.
Die Erlöse werden den disziplinierten Kapitalmanagementansatz von Allstate unterstützen, einschließlich des kürzlich angekündigten Aktienrückkaufprogramms.
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“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
“The sale of Employer Voluntary Benefits generated a financial book gain of about
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
About Allstate
The Allstate Corporation (NYSE: ALL) protects people from life’s uncertainties with a wide array of protection for autos, homes, electronic devices and identity theft. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Allstate is widely known for the slogan “You’re in Good Hands with Allstate.” For more information, visit www.allstate.com.
About The Standard
The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. In business since 1906, we are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and group vision insurance, voluntary and supplemental benefits, absence management and paid family leave services, retirement plans products and services and individual annuities. For more information about The Standard, visit standard.com and follow us on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250401340208/en/
Nick Nottoli
(847) 402-5600
Allister Gobin
(847) 402-2800
Melissa Wilmot (The Standard)
(971) 321-4976
Source: The Allstate Corporation
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