Allstate Sells Employer Voluntary Benefits Unit To StanCorp For $2B: Details
Allstate Sells Employer Voluntary Benefits Unit To StanCorp For $2B: Details
The Allstate Corporation (NYSE:ALL) shares are trading higher after the company reached a definitive deal to sell its Employer Voluntary Benefits business to StanCorp Financial Group, Inc. for $2.0 billion in cash, subject to customary conditions and approvals.
全州保险公司（NYSE：好事达）的股票正在交易上涨，此前该公司达成了一项明确的交易协议，将其雇主自愿福利业务出售给StanCorp Financial Group， Inc.，成交价格为20亿美元现金，受一般条件和批准的限制。
The sale is projected to generate a $600 million gain and increase deployable capital by $1.6 billion.
预计此项交易将产生6000万美元的收益，并将可部署资本增加16亿美元。
Allstate expects adjusted net income return on equity to decrease by approximately 100 basis points after the sale. The deal is anticipated to close in the first half of 2025.
全州保险公司预计，在此次交易后，调整后的净利润回报率将下降约100个基点。交易预计将在2025年上半年结束。
The sale marks the initial phase of Allstate's strategy to enhance growth by merging its Employer Voluntary Benefits, Individual Health, and Group Health businesses with companies that offer additional capabilities.
此次交易是全州保险公司通过将其雇主自愿福利、个人健康和团体健康业务与提供附加功能的公司合并来增强增长的策略的初始阶段。
Apart from this, the companies will also form a product distribution partnership. Under the cooperation, The Standard will exclusively handle group life, disability, and other benefits sold through Allstate's agents, providing a trusted group benefits partner.
除此之外，两家公司还将形成产品分销合作伙伴关系。根据合作关系，The Standard将独家处理通过全省保险中介出售的团体人寿、残疾和其他福利，提供可信赖的团体福利合作伙伴。
Tom Wilson, Chair, President and CEO of The Allstate Corporation, said, "Allstate's Employer Voluntary Benefits business provides protection to over 3.5 million customers who will continue to be well served by The Standard. The alignment between Allstate's industry-leading product offerings, employer relationships, distribution and talented team and The Standard's group benefits business will provide customers with broader protection and higher value."
全州保险公司的董事长、总裁兼首席执行官Tom Wilson表示：“全州保险公司的雇主自愿福利业务为逾350万客户提供保护，这些客户将继续得到The Standard的良好服务。全州保险公司的行业领先产品、雇主关系、分销以及才华横溢的团队与The Standard的团体福利业务之间的互相配合将为客户提供更广泛的保护和更高的价值。”
"Allstate shareholders will also benefit as capital is deployed to increase market share in personal property-liability and expand protection offerings. Discussions on the sale of the Individual and Group Health businesses are continuing and are expected to achieve the same success."
“随着资本被投入到个人财产责任市场份额的增加和保护品种的扩展中，全州保险公司的股东也将受益。有关个人和团体健康业务的出售将继续进行，并预计将取得同样的成功。”
Allstate stock gained over 60% in the last 12 months. Investors can gain exposure to the stock via Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) and IShares U.S. Insurance ETF (NYSE:IAK).
在过去12个月中，全州保险公司股价上涨超过60%。投资者可以通过Invesco KBW财产和意外险ETF（NASDAQ：KBWP）和iShares美国保险ETF（NYSE：IAK）接触该股票。
Price Action: ALL shares are up 1.68% at $174.85 premarket at the last check Wednesday.
价格行动：截至上周三最后一次检查，股票代码ALL的股价在盘前交易中上涨1.68%，至174.85美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
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