Allstate completes $2B sale of Employer Voluntary Benefits to StanCorp

ALLSTATE CORP

Completed sale to StanCorp Financial Group for $2.0 billion in cash.
Transaction generated a book gain of approximately $625 million.
Combined with Group Health sale, expected total proceeds of $3.25 billion in 2025.
Proceeds to support capital management, including share repurchase program.
Allstate focuses on increasing personal property-liability market share and expanding protection services.

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