Allstate Divests Employer Voluntary Benefits Business for $2 Billion: Impact on Investors and Policyholders In a strategic move that sent ripples through the insurance sector, Allstate has sold its Employer Voluntary Benefits business to StanCorp Financial Group, known as The Standard, for $2 billion. This transaction marks the beginning of Allstate’s plan to divest its Allstate Health & Benefits units, including Employee Voluntary Benefits, Individual Health, and Group Health, in a bid to unlock their growth potential by merging them with companies having complementary strengths. The announcement has been met…
Read MoreAllstate’s $2 Billion Deal: What Investors and Policyholders Need to Know About the Big Sell-Off
