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The Standard acquires Allstate's employer voluntary benefits business for $2B

Apr 06, 2025•about 1 year ago

Contract Type

acquisition

PortlandFinancial Services

Description

The Standard has completed a $2 billion acquisition of Allstate's employer voluntary benefits business, which includes a future distribution partnership. The business will operate under The Standard brand, including American Heritage Life Insurance.

Company Information

Company

StanCorp Financial Group

Location

Portland, Oregon, United States

About

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, StanCorp Investment Advisers, StanCorp Real Estate and StanCorp Equities — is a leading provider of financial products and services. StanCorp’s subsidiaries offer group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and group vision insurance, absence management and paid family leave services, retirement plans products and services, individual annuities, origination and servicing of fixed-rate commercial mortgage loans and investment advice.

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