StanCorp Financial Group

Infobox Company
company_name = StanCorp Financial Group
company_
company_type = Public (nyse|SFG)
company_slogan =
foundation = 1906
location = Portland, Oregon,
United States flagicon|USA
key_people = Eric E. Parsons, Chairman, President, CEO
industry = insurance
products = group life insurance, annuities, group dental insurance
revenue = $2,492,900,000 (2006)
operating_income = profit $309,700,000 (2006)
net_income = profit $203,800,000 (2006)
num_employees = 3,280
subsid = Standard Insurance Company, The Standard Life Insurance Company of New York, StanCorp Investment Advisers, Inc., StanCorp Mortgage Investors, LLC
homepage = [http://www.stancorpfinancial.com/ www.StanCorpFinancial.com]
footnotes =
financial data [http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=4710223&format=PDF Form 10-K: 2006 Annual Report.] StanCorp Financial Group, Inc. Retrieved on February 28 2008.]

StanCorp Financial Group, Inc. (nyse|SFG) is a publicly traded Fortune 1000 company based in Portland, Oregon, United States. In 2006 it ranked as number 731 on the Fortune list with in excess of $2 billion in annual revenues. StanCorp is an insurance and financial services corporation founded in 1906.

History

The company was founded in Oregon in 1906. [http://www.stancorpfinancial.com/quick.html Quick Facts.] StanCorp Financial Group. Retrieved on February 28 2008.] On February 24, Leo Samuel founded the Oregon Life Insurance Company. [ [http://www.bizjournals.com/portland/stories/2006/02/20/daily7.html Standard celebrates its 100-year anniversary.] "Portland Business Journal", February 21 2006.] In 1946 the company name was changed to Standard Insurance Company. Then in 1998, StanCorp Financial Group, Inc. was created as the holding company for all the business divisions of the company. The following year the company went public, trading on the New York Stock Exchange. [NEW OFFERINGS; Life insurance, dog food on IPO schedule. "The Atlanta Journal and Constitution", April 10 1999.]

StanCorp’s Standard Insurance purchased part of Teachers Insurance and Annuity Association (TIAA) group life and disability portfolio in 2002 for $75 million. [ [http://www.bizjournals.com/portland/stories/2002/05/27/daily24.html StanCorp to pay $75 million for TIAA-CREF group insurance business.] "Portland Business Journal", May 29 2002.] In May 2004, Ron Timpe was succeeded by CEO Eric Parsons as the company’s chairman of the board of directors. [ [http://www.bizjournals.com/portland/stories/2004/05/03/daily15.html Parsons succeeds Timpe as StanCorp chairman.] "Portland Business Journal", May 4 2004.] In January 2006, StanCorp was named to the Platinum 400 by "Forbes" magazine for the fourth year. [ [http://www.bizjournals.com/portland/stories/2006/01/02/daily6.html Forbes ranks StanCorp among America's best.] "Portland Business Journal", January 4 2006.] Later in 2006, the company purchased investment services firm Invesmart for $85 million. [Boselovic, Len. Oregon firm buying Invesmart. "Pittsburgh Post-Gazette", April 26 2006.]

In 2007, StanCorp made the Fortune 1000 list at number 746. [ [http://www.bizjournals.com/portland/stories/2007/05/07/daily38.html Nike makes Fortune 500 list.] "Portland Business Journal", May 11 2007.] The company purchased several retirement plan administrators in July 2007 to add to their Retirement Services division. [ [http://www.bizjournals.com/portland/stories/2007/07/02/daily9.html Standard Retirement Services buying DPA and MasterPlan Advisors.] "Portland Business Journal", July 2 2007.] As of 2007, all of the divisions employ a total of 3,280 people at approximately 90 offices across the United States. They are headquartered in the Standard Insurance Center in downtown Portland and are one of the only major businesses in the downtown area.

Products

StanCorp offers primarily insurance products serving other employers. [http://www.hoovers.com/stancorp-financial-group/--ID__40441--/free-co-factsheet.xhtml StanCorp Financial Group, Inc.] Hoover's. Retrieved on February 28 2008.] These include group dental, life, disability, and accidental death and dismemberment policies. Additionally, they offer policies for individuals for disability, retirement plans, and annuities.

External links

* [http://www.stancorpfinancial.com/quick.html About StanCorp]

References


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