Allstate completes sale of employer voluntary benefits business

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 previous.
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