The company said it completed the sale of its Employer Voluntary Benefits business to StanCorp Financial Group, Inc. (The Standard) on April 1, 2025 for $2.0 billion.

8-KOther EventsFiled Apr 1, 2025Period of report Apr 1, 2025Summary published (UTC) Oct 15, 2026

Key points

AI summary

The company said it completed the sale of its Employer Voluntary Benefits business to StanCorp Financial Group, Inc. (The Standard) on April 1, 2025 for $2.0 billion.
Allstate said that together with the previously announced definitive agreement to sell its Group Health business, the transactions are expected to generate combined proceeds of $3.25 billion in 2025.
Quoting Chief Financial Officer Jess Merten, the company said the sale of Employer Voluntary Benefits generated a financial book gain of about $625 million.
The company said the sale proceeds will support its disciplined capital management approach, including the recently announced share repurchase program. It also said it is positioned to execute its strategy to expand personal property-liability market share and protection services.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Allstate Completes Sale of Employer Voluntary Benefits Business

The company said it completed the sale of its Employer Voluntary Benefits business to StanCorp Financial Group, Inc. (The Standard) on April 1, 2025 for $2.0 billion.

Source · Based on the filing body and exhibits

Group Health Sale and Combined Proceeds of $3.25 billion

Allstate said that together with the previously announced definitive agreement to sell its Group Health business, the transactions are expected to generate combined proceeds of $3.25 billion in 2025.

Source · Based on the filing body and exhibits

About $625 million Financial Book Gain

Quoting Chief Financial Officer Jess Merten, the company said the sale of Employer Voluntary Benefits generated a financial book gain of about $625 million.

Source · Based on the filing body and exhibits

Sale Proceeds and Capital Management Plans

The company said the sale proceeds will support its disciplined capital management approach, including the recently announced share repurchase program. It also said it is positioned to execute its strategy to expand personal property-liability market share and protection services.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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