Press Releases

PORTLAND, Ore.--(BUSINESS WIRE)--Feb. 17, 2016-- Standard Insurance Company (“The Standard”) announced today that Jessica Carbullido has been named second vice president of Total Rewards. Carbullido’s responsibilities include management of the company’s pay and benefits strategies and other initiatives that attract, retain and motivate employees.
PORTLAND, Ore.--(BUSINESS WIRE)--Feb. 10, 2016-- Standard Insurance Company (“The Standard”) announced today that Todd Johnston has been named vice president of Customer Service and Shared Services. Johnston’s responsibilities at The Standard include leading teams responsible for policyholder and customer service and support functions, as well as all shared services supporting the Employee Benefits business unit.
PORTLAND, Ore.--(BUSINESS WIRE)--Feb. 9, 2016--Standard Insurance Company (“The Standard”) has honored Daniel C. Steenerson, CLU, ChFC, RHU, and his agency, Disability Insurance Services, Inc., with its top National Disability Insurance Leadership Award. The award is presented to the office producing the highest sales of individual disability insurance for The Standard. It is the 18th consecutive year that Steenerson and his staff have been honored.
PORTLAND, Ore.--(BUSINESS WIRE)--Feb. 8, 2016-- StanCorp Financial Group, Inc. (NYSE: SFG) (“StanCorp”) today announced that Meiji Yasuda Life Insurance Company (“Meiji Yasuda”) has received all necessary approvals from regulatory authorities in the United States and Japan for the previously announced proposed acquisition of all of the outstanding shares of common stock of StanCorp pursuant to the Agreement and Plan of Merger entered into on July 23, 2015 (the “Merger Agreement”).
PORTLAND, Ore.--(BUSINESS WIRE)--Feb. 1, 2016-- StanCorp Financial Group, Inc. (“StanCorp” or the “Company”) (NYSE:SFG) today reported net income of $38.5 million, or $0.89 per diluted share, for the fourth quarter of 2015, compared to net income of $51.6 million, or $1.21 per diluted share, for the fourth quarter of 2014. After-tax net capital losses were $3.3 million for the fourth quarter of 2015, compared to after-tax net capital losses of $4.2 million for the fourth quarter of 2014.
PORTLAND, Ore.--(BUSINESS WIRE)--Jan. 19, 2016-- During the 2015 Employee Giving Campaign, Standard Insurance Company (“The Standard”) and its current and retired employees pledged more than $2.2 million to nonprofits across the nation. The annual Employee Giving Campaign will support 1,266 nonprofit organizations through contributions from company employees and dollar-for-dollar donation matching by The Standard.
PORTLAND, Ore.--(BUSINESS WIRE)--Jan. 6, 2016-- The Standard announced the hiring of Laura Peirson as a retirement plan consultant associate for its South Sales Region. She is based in The Standard’s Dallas, Texas, sales office. Peirson has more than 20 years of experience in the design, servicing and administration of corporate retirement plans.
PORTLAND, Ore.--(BUSINESS WIRE)--Dec. 1, 2015-- On Dec. 1, Standard Insurance Company (“The Standard”) will help kick off #OregoniansGive, Oregon’s statewide #GivingTuesday movement, through $15,000 in donations to six Oregon nonprofits, a special event at OMSI and social media campaign with employees and local nonprofits.
PORTLAND, Ore.--(BUSINESS WIRE)--Nov. 24, 2015-- The Standard Charitable Foundation, Standard Insurance Company’s charitable foundation, today announced three grants totaling $55,000 to nonprofits in Portland, Oregon. The recipients are: Tualatin Hills Park Foundation, Impact NW and Central City Concern.
PORTLAND, Ore.--(BUSINESS WIRE)--Nov. 9, 2015-- StanCorp Financial Group, Inc. ("StanCorp") (NYSE:SFG) announced that shareholders voted today during a special meeting held in Portland to approve the Agreement and Plan of Merger entered into on July 23, 2015 by and among StanCorp, Meiji Yasuda Life Insurance Company (“Meiji Yasuda”), and MYL Investments (Delaware) Inc., under which Meiji Yasuda will acquire all outstanding shares of StanCorp for $115.00 per share in cash. More than 99% of the votes cast were in favor of the transaction.

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