On February 8, 2010, the board of directors of StanCorp Financial Group,
Inc. ("StanCorp”) (NYSE:SFG) authorized an additional 3 million shares
of StanCorp common stock to its current share repurchase program.
"StanCorp has maintained an active repurchase program every year since
becoming a public company,” said Greg Ness, president and chief
executive officer. "The additional shares allow us to continue our
efforts to opportunistically use share repurchases to enhance
shareholder value while maintaining a capital structure that supports
our growth.”
Share repurchases will be made in the open market or in negotiated
transactions through December 31, 2011. The new repurchase program will
add to the existing repurchase program, which had approximately 1.3
million shares remaining at December 31, 2009. The combined share
authorization expires December 31, 2011.
About StanCorp Financial Group, Inc.
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 Investment Advisers, StanCorp Real Estate and
StanCorp Equities — is a leading provider of financial products and
services. StanCorp’s subsidiaries serve approximately 8.1 million
customers nationwide as of December 31, 2009, with group and individual
disability insurance, group life, AD&D, dental and vision insurance,
retirement plans products and services, individual annuities and
investment advice. For more information about StanCorp Financial Group,
Inc., visit its Web site at www.stancorpfinancial.com.
Disclosure
Information in this news release includes certain statements related to
projected growth and future events. These statements are
"forward-looking" statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Because such statements are
subject to risks and uncertainties, actual results in future periods may
differ materially from those expressed or implied by such
forward-looking statements. See StanCorp's 2008 annual report on Form
10-K and most recent Form 10-Q filed with the Securities and Exchange
Commission for a description of the types of uncertainties and risks
that may affect actual results.
