---
schema_version: "secwatch.filing_event.v1"
accession: "0000899051-24-000058"
form_type: "8-K"
ticker: "ALL"
cik: "0000899051"
company_name: "ALLSTATE CORP"
filed_at: "2024-08-13T23:59:59+00:00"
generated_at: "2026-05-31T09:55:28.009438+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Allstate to sell Employer Voluntary Benefits to The Standard for $2B cash; expects gain of ~$600M

## Summary
- Sale includes American Heritage Life Insurance and American Heritage Service Company; expected close first half 2025.
- Allstate sees gain of about $600M and increase in deployable capital by $1.6B; Adjusted net income ROE to decline ~100 bps.
- Sold business had H1 2024 revenues of $535M, Adjusted Net Income of $45M, statutory capital and surplus of $255M.
- Five-year exclusive distribution arrangement allows Allstate agents to offer broader options to customers.
- Discussions on sale of Individual and Group Health businesses continuing; J.P. Morgan and Ardea Partners advising Allstate.

## SEC filing metadata
- accession: 0000899051-24-000058
- form_type: 8-K
- ticker: ALL
- cik: 0000899051
- company_name: ALLSTATE CORP
- filed_at: 2024-08-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/899051/000089905124000058/0000899051-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/899051/000089905124000058/all-20240813.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000899051-24-000058
- JSON: https://secwatch.observer/filing/0000899051-24-000058.json
- Plain text: https://secwatch.observer/filing/0000899051-24-000058.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.