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The Standard Completes Acquisition of Allstate Employer Voluntary Benefits Business

1. StanCorp Financial acquired Allstate's Employer Voluntary Benefits unit for growth. 2. New distribution partnership will extend The Standard's offerings to Allstate customers.

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FAQ

Why Bullish?

The acquisition aligns with growth strategies, similar to successful previous industry mergers, enhancing market reach for ALL.

How important is it?

The acquisition is a strategic move that could enhance ALL's market position, indicating high relevance.

Why Long Term?

As partnerships typically evolve over time, benefits may manifest notably beyond the immediate term.

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STTLNCUNM
PORTLAND, Ore.--(BUSINESS WIRE)--StanCorp Financial Group, Inc. (The Standard) today announced the closing of the acquisition of Allstate's Employer Voluntary Benefits business in accordance with the terms of the agreement reported on Aug. 13, 2024. The agreement includes a future distribution partnership through which certain of The Standard's products and services will be made available to Allstate customers. “This transaction presented a unique opportunity to accelerate our growth strategy a.

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