Our Financial Strength and Resiliency

Dan McMillan

Dan McMillan
President and CEO

Updated September 2020

The unique nature of the COVID-19 crisis is creating significant volatility — positive and negative — in the stock market alongside an unprecedented decline in interest rates and economic uncertainty.

The Standard is taking steps to protect and grow our business operations, safeguard the health of our employees and continue meeting the needs of our customers. Our focus has not changed — we will provide the best possible experience for those who rely on our products and services.

Our company was founded in 1906 and our fiscally prudent management approach has helped us navigate through significant volatility and unforeseen events to ensure we can keep our financial commitments. This approach is built on the strength of our disciplined financial practices, our sound investment strategies, our unique mix of high-performing businesses and our industry expertise.


Standard Insurance Company
Financial Strength Ratings


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 August 2020

* Rating includes The Standard Life Insurance Company of New York


The Standard Stands the Test of Time

In the July 2020 issue of Best’s Review, A.M. Best Company recognized Standard Insurance Company for maintaining a financial strength rating of “A” or higher each year since 1928, the first year of A.M. Best’s ratings. The Standard was honored to be among one of only eight life and health insurers to achieve an “A” rating or higher for each of the past 92 years. Given rapidly evolving markets, changing customer needs and challenging economic times, we are proud of this longstanding track record of financial strength.


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 if any industry experiences difficulties.

As of Dec. 31, 2019:

  • $10.74 billion portfolio
  • 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 of Dec. 31, 2019:

  • $7.13 billion portfolio (on approximately 6,000 loans)
  • Average loan size – approximately $1.2 million


StanCorp Financial Group


Assets $33.49 billion

Fixed Maturity Securities

A- or Higher

BBB- to BBB+

BB- to BB+

B+ or Lower

57.8% of cash and investments





Commercial Mortgage Loans

38.4% of cash and investments

Real Estate and Other
Invested Assets

2.1% of cash and investments

Cash and Cash Equivalents

1.7% of cash and investments

Portfolio Yields

Fixed Maturity Securities

Commercial Mortgage




Capital and Surplus of the insurance subsidiaries in excess of 500% of the Company Action Level Risk-Based Capital (RBC) required by regulators.

As of Dec. 31, 2019