Overview
The Standard was founded in 1906 and our fiscally prudent management approach has helped us take advantage of opportunities and navigate periods of volatility, always ensuring we keep our financial commitments and grow profitably. This approach is built on the strength of our disciplined financial practices, our sound investment strategies, a unique mix of high-performing businesses, strong products and services and deep expertise. The Standard continues on a deliberate growth trajectory due to strategic acquisitions and a focus on organic expansion. We are gaining market share and scalability in group and voluntary insurance, increasing retirement assets under administration and continuing to add new products and services to exceed the expectations of our customers and distribution partners.
Standard Insurance Company
Financial Strength Ratings
| Agency | Rating | Rank |
|---|---|---|
| Standard & Poor's | A+ (Strong) | 5th of 20 ratings |
| Moody's | A1 (Good) | 5th of 21 ratings |
| A.M. Best* | A (Excellent) | 3rd of 13 ratings |
As of February 2026
* Rating includes The Standard Life Insurance Company of New York and American Heritage Life Insurance Company
Portfolio
Bond Portfolio
Our bond portfolio is strong. Our strategy is to maintain a diversified portfolio of high-quality, fixed-maturity securities to keep us well protected should any industries experience difficulties. As of Dec. 31, 2025, we have:
- A $17.45 billion portfolio
- An average portfolio credit quality rating of “A” as measured by Standard & Poor’s
Commercial Mortgage Loan Portfolio
Our commercial mortgage loans have consistently provided a superior balance of risk and return. We offer small commercial mortgage loans to borrowers who want a fixed rate over time, and we rigorously underwrite every commercial mortgage loan we make. The quality of our commercial mortgage loan portfolio is excellent as demonstrated by delinquency rates better than industry rates for an extended period. As of Dec. 31, 2025, we have:
- A $13.09 billion portfolio (on approximately 6,100 loans)
- An average loan size of approximately $2.0 million
Financial Strength Ratings
In November 2025, A.M. Best Company affirmed the credit ratings of Standard Insurance Company and group affiliate companies as “A.” The Standard is honored to be one of only eight life and health insurers to consistently achieve an “A” rating or higher for each year since 1928, the first year A.M. Best began ratings. Given rapidly evolving markets, changing customer needs and periods of national economic instability, we are proud of this longstanding track record of financial strength.
Balance Sheet as of Dec. 31, 2025
| Assets | $57.35 billion |
|---|---|
Fixed-Maturity Securities A- or Higher BBB- to BBB+ BB+ and lower | 53.4% of cash and investments 67.1% 27.5% 5.4% |
| Commercial Mortgage Loans | 40.0% of cash and investments |
| Real Estate and Other Invested Assets | 2.5% of cash and investments |
| Cash and Cash Equivalents | 4.1% of cash and investments |
Portfolio Yields Fixed Maturity Securities Commercial Mortgage | 4.57% 5.87% |
Corporate Profile
StanCorp Financial Group, Inc., through its subsidiaries marketed as The Standard — Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, StanCorp Mortgage Investors, StanCorp Real Estate, StanCorp Equities and American Heritage Life Insurance Company — is a leading provider of financial products and services with more than 5,100 employees and 13 million customers. StanCorp’s subsidiaries offer group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and group vision insurance, group accident, critical illness and hospital indemnity insurance, absence management services and paid family leave services, retirement plans products and services, individual annuities, and the origination and servicing of fixed-rate commercial mortgage loans. For more information about StanCorp Financial Group, Inc., visit the Investor Relations pages on standard.com.
The Standard became part of the Meiji Yasuda family of companies in 2016, serving as its primary U.S. presence and partner. The Standard has employees and offices nationwide and maintains its Portland, Oregon, operations and headquarters.
Meiji Yasuda and The Standard are both leaders in group benefit insurance in their respective markets. Meiji Yasuda, a mutual company owned by policyholders, was founded in 1881 and is headquartered in Tokyo. It is the oldest and third-largest life insurance company in Japan, with the largest share of group insurance in the Japanese market. With more than 52,000 employees and 12 million customers, Meiji Yasuda specializes in group and individual life insurance, bancassurance and group annuity products, and has assets of $312 billion and premium income of $22.0 billion as of March 31, 2024. Meiji Yasuda is a mutual insurance company owned by its policyholders.