The Standard Completes Acquisition of Allstate Employer Voluntary Benefits Business
Summary
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 and deliver one of the most comprehensive workplace benefits portfolios in the market,” said Dan McMillan, president and CEO of The Standard. The acquired Allstate Employer Voluntary Benefits business, which is largely comprised of American Heritage Life Insurance Company, will operate under The Standard brand after a period of time. The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.