Corporate

StanCorp Financial Group, Inc. Announces Agreement to Be Acquired by Meiji Yasuda Life Insurance Company. Will Become Primary Partner in the U.S. No Changes Anticipated to Our Products, Services or Focus on You

Friday, July 24, 2015

StanCorp Financial Group, Inc. announces agreement to be acquired by Meiji Yasuda Life Insurance Company to become their primary partner in the U.S. There are no anticipated changes to our products, services or focus on you. For more information, please read the full press release.

Also view these documents under Announcements on our Investor Relations website:

  • Investor Presentation
  • StanCorp Factsheet
  • Announcement FAQs
  • Joint Press Release

 

The Standard Contributed $2.4M To Nonprofits In 2012

Wednesday, June 12, 2013

The Standard Charitable Foundation, The Standard, and its employees and retirees together contributed more than $2.4 million across the nation last year to nonprofits. Giving focused on nonprofit organizations that share the company's emphasis on education, disability and empowerment, cultural development and healthy communities.

Through the company's matching gift program, employees and retirees donated to nearly 1,000 nonprofits in communities where employees and customers of The Standard live and work. The Standard's employees also volunteered thousands of hours in their communities on company-donated time.

"In 2012, employees of The Standard donated their time, expertise and money to nonprofit organizations that help children learn and grow, feed and house those who face barriers to success, improve our environment and support the arts," said Greg Ness, chairman, president and CEO of The Standard.

The Standard's 2012 Report to the Community outlines the company's philanthropic giving and highlights The Standard's employee volunteer and sustainability efforts. Below are a few highlights from the report:

  • The Standard's Volunteer Expo, held annually in Portland and Cincinnati, connects regional nonprofit organizations with employees and other members of the community, helping them find volunteer opportunities that match their skills and interests.
  • The Standard supported Junior Achievement's Finance Park, a mobile, mini-city with 16 "businesses" created to provide a relevant, high-impact personal financial literacy program for middle and high school students. Charitable support from The Standard ensures this resource travels across Oregon and Southwest Washington giving young people the opportunity to learn about protecting their income with insurance and other tools.
  • A 2009 fire destroyed Dougy Center, a national nonprofit organization that provides help for children, teens, young adults and their families who are grieving a death. A $25,000 grant from The Standard helped the Center to rebuild and reopen.

View the 2012 Report to the Community. Since 2006, The Standard Charitable Foundation, The Standard and its employees and retirees have contributed nearly $15 million in grants and social investments. See additional information about corporate community involvement.

 

The Standard Helps Habitat For Humanity Build A Better Future

Tuesday, April 9, 2013

     Leadership build day kicks off a partnership providing homes for two families in need

On Thursday, April 11, 2013, at the Orchards Project in southeast Portland, The Standard will launch a partnership with Habitat for Humanity to build new homes for two families in need. In celebration of the partnership, Greg Ness, chairman, president and CEO of The Standard, will be joined by more than 30 members of The Standard's leadership team who will spend the day working at the SE Portland build site. Ness and his colleagues will strap on tool belts, swing hammers and raise the first wall.

"Habitat for Humanity provides a unique community benefit, helping those in need by engaging them in the hands-on construction of their future homes together with community volunteers," said Greg Ness. "At The Standard, we place high value on building healthy and sustainable communities, and we are proud to offer the financial support and employee volunteers necessary to build new homes with two families."

From April through October 2013, The Standard will encourage its more than 2,250 Oregon employees to participate in the build. As an additional incentive, employees will receive eight hours of paid time off to participate in the project.

"Thanks to the volunteer hours and donations provided by The Standard and its employees, we're creating a decent, affordable place to live for two families who desperately need it," said Steve Messinetti, president and CEO of Habitat for Humanity Portland/Metro East. "With the generous support of companies like The Standard, we can continue building the community we want to live in; the community where everyone has a safe place to call home."

Habitat for Humanity is also the beneficiary of The Standard's 2013 Jeans Day program, which gives employees the opportunity to wear jeans to work on Fridays in exchange for a donation of $100 to a nonprofit organization chosen annually by The Standard. Through the Jeans Day program and a dollar-for-dollar match by The Standard, more than $175,000 has been raised for Habitat for Humanity to support construction of the homes.

For more information about community involvement at The Standard, visit www.standard.com/community.

 

The Standard's Employee Giving Campaign Raises $1.7 Million For Nonprofits

Tuesday, March 26, 2013

     Employee participation was a record-breaking 51 percent, up ten percent from 2011

During the 2012 Employee Giving Campaign, current and retired employees at The Standard pledged more than $870,000 benefiting more than 1,127 nonprofit organizations. After a dollar-for-dollar match by The Standard, total nonprofit contributions from the 2012 campaign will exceed $1.7 million.

Employee participation was a record-breaking 51 percent compared with 41 percent in 2011. These contributions, which are in addition to The Standard's regular corporate giving, are distributed to nonprofit organizations during 2013.

Habitat for Humanity is the beneficiary of The Standard's innovative Jeans Day program. The program encourages employees of The Standard to give $100 to Habitat for Humanity in exchange for the right to wear jeans to work on Fridays during 2013. The Standard matches these donations dollar-for-dollar, providing employees with an added incentive to give.

"The Standard's annual employee giving campaign continues to reflect the depth of our employees' commitment to supporting nonprofits and ultimately the well-being of their communities," said Greg Ness, chairman, president and chief executive officer of The Standard. "More employees than ever are participating, and through their remarkable generosity they are helping hundreds of nonprofit organizations serve the communities in which we work and live," Ness added.

More than 1,500 current and retired employees pledged support during the campaign.

The following are among the many organizations receiving support (figures cited include pledges by employees and retirees and the dollar-for-dollar match by The Standard):

 

Portland Habitat for Humanity/Metro East$154,000
Oregon Food Bank$70,000
Work for Art$50,000
Mercy Corps$37,000
Oregon Humane Society$36,000
Oregon Public Broadcasting$32,000
Lake Oswego School District Foundation$25,000
University of Oregon Foundation$22,000
The Standard Charitable Foundation$19,000
Lewis & Clark College$16,000

 

For more information about community involvement at The Standard, visit www.standard.com/community.

 

StanCorp Announces Strategic Leadership Changes

Tuesday, September 10, 2013

StanCorp Financial Group, Inc. today announced strategic changes in its executive leadership team.

Jim Harbolt has been named vice president of Asset Management and will assume leadership of the Asset Management segment, which includes retirement plans, individual annuities and StanCorp Investment Advisers. Harbolt was previously co-leader of the Insurance Services segment.

Dan McMillan has been named vice president of Employee Benefits, and will assume leadership of this business. McMillan was previously co-leader of the Insurance Services segment, which included employee benefits and the individual disability segment.

Katherine Durham, vice president of Corporate Marketing and Communications will assume responsibility for the individual disability insurance business along with her current duties.

Scott Hibbs has been appointed vice president and chief investment officer. In addition to his current responsibilities overseeing commercial mortgage loan investments, Hibbs will lead the fixed income investment team and will oversee the investment strategies for StanCorp, including optimizing investment performance within the Company's asset liability management program. Hibbs was previously vice president of Asset Management.

"We are fortunate to have very strong leaders at StanCorp and these changes are an important part of our executive development process," said Greg Ness, chairman, president and chief executive officer. "We have a philosophy of creating opportunities to broaden our leaders' skills and expertise across the Company and to deepen their management perspective. This is how we grow leaders at StanCorp."