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.
全州保險公司（NYSE：好事達）的股票正在交易上漲，此前該公司達成了一項明確的交易協議，將其僱主自願福利業務出售給StanCorp Financial Group， Inc.，成交價格爲20億美元現金，受一般條件和批准的限制。
The sale is projected to generate a $600 million gain and increase deployable capital by $1.6 billion.
預計此項交易將產生6000萬美元的收益，並將可部署資本增加16億美元。
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.
全州保險公司預計，在此次交易後，調整後的淨利潤回報率將下降約100個點子。交易預計將在2025年上半年結束。
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.
此次交易是全州保險公司通過將其僱主自願福利、個人健康和團體健康業務與提供附加功能的公司合併來增強增長的策略的初始階段。
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，兩家公司還將形成產品分銷合作伙伴關係。根據合作關係，The Standard將獨家處理通過全省保險中介出售的團體人壽、殘疾和其他福利，提供可信賴的團體福利合作伙伴。
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."
全州保險公司的董事長、總裁兼首席執行官Tom Wilson表示：「全州保險公司的僱主自願福利業務爲逾350萬客戶提供保護，這些客戶將繼續得到The Standard的良好服務。全州保險公司的行業領先產品、僱主關係、分銷以及才華橫溢的團隊與The Standard的團體福利業務之間的互相配合將爲客戶提供更廣泛的保護和更高的價值。」
"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."
「隨着資本被投入到個人財產責任市場份額的增加和保護品種的擴展中，全州保險公司的股東也將受益。有關個人和團體健康業務的出售將繼續進行，並預計將取得同樣的成功。」
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).
在過去12個月中，全州保險公司股價上漲超過60%。投資者可以通過Invesco KBW財產和意外險ETF（NASDAQ：KBWP）和iShares美國保險ETF（NYSE：IAK）接觸該股票。
Price Action: ALL shares are up 1.68% at $174.85 premarket at the last check Wednesday.
價格行動：截至上週三最後一次檢查，股票代碼ALL的股價在盤前交易中上漲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.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
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譯文內容由第三人軟體翻譯。