The Standard to acquire Allstate’s Employer Voluntary Benefits business for approximately $2 billion and enter into a product distribution partnership
Acquiring Company
StanCorp Financial Group
Acquired Company
The Allstate Corporation
PortlandNorthbrookFinancial ServicesInsuranceEnergyFinancial ServicesHealth CareHuman ResourcesEmployee BenefitsInsuranceDescription
StanCorp Financial Group, Inc. (The Standard) and The Allstate Corporation have announced a definitive agreement for The Standard to acquire Allstate’s Employer Voluntary Benefits business for approximately $2 billion and enter into a product distribution partnership. This acquisition is expected to broaden protection and provide higher value to customers, and the transaction is anticipated to close in the first half of 2025, subject to regulatory approvals and other customary closing conditions.
Quick answer
StanCorp Financial Group is acquiring The Allstate Corporation for $2 billion, announced August 13, 2024. StanCorp Financial Group is based in Portland, Oregon, United States.
- How much did StanCorp Financial Group pay for The Allstate Corporation?
- The reported deal value is $2 billion.
- What does StanCorp Financial Group do?
- StanCorp Financial Group, Inc., through its subsidiaries marketed as The Standard — Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, StanCorp Mortgage Investors,..
- Where are StanCorp Financial Group and The Allstate Corporation based?
- StanCorp Financial Group is based in Portland, Oregon, United States. The Allstate Corporation is based in Northbrook, Illinois, United States.
- Who are the decision-makers at StanCorp Financial Group?
- Fundz holds 2 contacts at StanCorp Financial Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Hub International Limited acquires assets of Flexible Benefits Plans, Inc. to enhance employee benefits and general agency services in Pennsylvania (September 5, 2024)
- Hub International acquires McClements Insurance Services, LLC to expand employee benefits services (July 19, 2024)
- Hub International Limited acquires assets of Wyatt Insurance Services, Inc. to expand nonprofit and construction commercial insurance and employee benefits services (July 10, 2024)
- Utmost to acquire Luxembourg's Lombard International Assurance to strengthen its position in Europe (July 4, 2024)
- Marsh McLennan Agency completes acquisition of Hudson Shore Group to expand employee benefits services (July 2, 2024)
Who to call at StanCorp Financial Group, and when
When StanCorp Financial Group changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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- The decision-makers there, with verified emails
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Frequently asked
Who acquired The Allstate Corporation?
The Allstate Corporation was acquired by StanCorp Financial Group, based in Portland. The deal was reported on August 18, 2024. StanCorp Financial Group is privately held and operates in Financial Services.
When did StanCorp Financial Group acquire The Allstate Corporation?
StanCorp Financial Group's acquisition of The Allstate Corporation was reported on August 18, 2024. StanCorp Financial Group, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does The Allstate Corporation do?
The Allstate Corporation is a leading workplace benefits provider with industry-leading supplemental and voluntary workplace benefits, including Whole Life, Universal Life, Accident, Hospital Indemnity, Cancer, and Critical Illness coverage. It is publicly traded (ALL), operating in Energy, and is based in Northbrook.
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