Aug 13 (Reuters) - Allstate Corp ( ALL ):

* ALLSTATE TO SELL EMPLOYER VOLUNTARY BENEFITS BUSINESS TO

THE

STANDARD

* ALLSTATE CORP ( ALL ) - DEFINITIVE AGREEMENT TO SELL EMPLOYER

VOLUNTARY

BENEFITS BUSINESS TO STANCORP FINANCIAL GROUP, INC. FOR $2.0

BILLION

* ALLSTATE CORP-WILL SELL ITS SUBSIDIARIES THAT PROVIDE

EMPLOYER

VOLUNTARY BENEFITS TO STANDARD FOR $2.0 BILLION IN CASH,

ADJUSTED FOR CLOSING BALANCE SHEET

* ALLSTATE CORP ( ALL ) - THE SALE IS EXPECTED TO GENERATE A GAIN OF

ABOUT

$600 MILLION AND INCREASE DEPLOYABLE CAPITAL BY $1.6 BILLION

* ALLSTATE CORP ( ALL ) - ADJUSTED NET INCOME RETURN ON EQUITY WILL

DECLINE BY ABOUT 100 BASIS POINTS FOLLOWING SALE, WHICH IS

EXPECTED IN FIRST HALF OF 2025

Source text for Eikon:

Further company coverage: