Allstate to sell employer voluntary benefits business to the standard

Northbrook, ill.--(business wire)--the allstate corporation (nyse: all) announced a definitive agreement to sell the employer voluntary benefits business to stancorp financial group, inc., (the standard) for $2.0 billion. the sale represents the first step in the strategic decision to enable the three allstate health & benefits businesses – employer voluntary benefits, individual and group health – to realize their full growth potential by combining them with companies that have additional.
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