StanCorp Q2 Revenues Slightly Down
StanCorp Financial Group has reported total revenues of 691.2m for the second quarter of 2010, a decrease of 0.36% compared to $693.7m for the same quarter in 2009.
The company posted total premiums of $532.9m for the second quarter, compared to $525.7m for the same period last year.
Total income before income taxes were $61.1m for the second quarter of 2010, compared to $85.1m for the same quarter in the year 2009.
For the quarter ended June 30, 2010, the company reported net income of $41.1m, or $0.87 per diluted share, compared to $56.3m, or $1.15 per diluted share, for the same period last year.
Greg Ness, president and CEO of StanCorp Financial, said: “We saw volatile disability claims experience over this most recent quarter, a period that is very short when compared with the long-term perspective with which we manage our business.
“Although the challenging economic conditions continue to impact our customers and the growth of our existing business, we are pleased with the continued strength of our group insurance product sales and with the performance of our asset management segment, which provides diversification.”
Related Insight
Suppliers Directory
Life Insurance & Pensions
Intermediaries Brokerage Underwriting London Lloyds
Reinsurance
Technology Technology in Insurance Outsourcing
Regulatory & Risk
Intelligence
Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125
Comments may be moderated for spam, obscenities or defamation.