Last $66.16 USD
Change Today -0.65 / -0.97%
Volume 83.4K
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

stancorp financial group (SFG) Key Developments

Stancorp Financial Group Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

StanCorp Financial Group Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, total revenues were $695.8 million against $718.6 million year ago. Total income before income taxes was $73.3 million against $92.4 million year ago. Net income was $56.2 million or $1.32 per diluted share against $65.0 million or $1.46 per diluted share year ago. Net income excluding after-tax net capital losses was $74.5 million or $1.73 per share against $64.5 million or $1.45 per share a year ago. Net income excluding after-tax net capital losses was $1.42 per diluted share for the fourth quarter of 2014, compared to $1.49 per diluted share for the fourth quarter of 2013. The decrease in net income per share was primarily due to lower premiums and lower net investment income, partially offset by lower diluted weighted-average shares outstanding and a lower effective tax rate for the fourth quarter of 2014. For the year, total revenues were $2,770.1 million against $2,860.1 million year ago. Total income before income taxes was $286.9 million against $313.0 million year ago. Net income was $219.3 million or $5.05 per diluted share against $228.5 million or $5.13 per diluted share year ago. Total net investment income was $447.5 million against $469.1 million a year ago. Net income excluding after-tax net capital losses was $5.25 per diluted share for 2014, compared to $5.34 per diluted share for 2013. The decrease was primarily due to lower operating expenses for 2013, which included savings of $20.6 million or $0.30 per diluted share due to an amendment of the Company’s postretirement medical plan, which did not recur for 2014. The company’s book value per share increased 5.8% from $48.79 at December 31, 2013, to $51.61 at December 31, 2014. Net income return on average equity was 10.1% against 10.6% a year ago. Net income return on average equity (excluding accumulated other comprehensive income) was 10.8% against 11.8% a year ago. For 2015, the company expects net income per diluted share, excluding after-tax net capital gains and losses, and net income return on average equity, excluding after-tax net capital gains and losses from net income and AOCI from equity, to be in line with 2014. Effective income tax rate is expected in the range of 26% to 27%.

StanCorp Financial Group Inc. to Report Q4, 2014 Results on Jan 29, 2015

StanCorp Financial Group Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Jan 29, 2015

StanCorp Financial Group Inc., Q4 2014 Earnings Call, Jan 30, 2015

StanCorp Financial Group Inc., Q4 2014 Earnings Call, Jan 30, 2015

StanCorp Financial Group Inc. Declares Annual Cash Dividend, Payable December 8, 2014

The Board of Directors of StanCorp Financial Group Inc. declared an annual cash dividend of $1.30 per common share, payable December 8, 2014, to shareholders of record on November 24, 2014. The annual cash dividend of $1.30 per share represents an 18% increase over last year's dividend of $1.10 per share.

Stancorp Financial Group Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

StanCorp Financial Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total premiums were $507.3 million against $524.4 million year ago. Total revenues were $682 million against $702 million year ago. Total income before income taxes was $96.9 million against $81.8 million year ago. Net income was $71.1 million or $1.65 per diluted share against $59 million or $1.32 per diluted share year ago. Total net investment income was $147.1 million against $155.8 million a year ago. Net income excluding after-tax net capital losses was $74.5 million or $1.73 per share against $64.5 million or $1.45 per share a year ago. The increase in net income was primarily due to more favorable claims experience in Employee Benefits and Individual Disability for the third quarter of 2014, partially offset by lower net investment income. For the nine months, total premiums were $1,536.6 million against $1,595.7 million year ago. Total revenues were $2,074.3 million against $2,141.5 million year ago. Total income before income taxes was $213.6 million against $220.6 million year ago. Net income was $163.1 million or $3.73 per diluted share against $163.5 million or $3.67 per diluted share year ago. Total net investment income was $447.5 million against $469.1 million a year ago. Net income excluding after-tax net capital losses was $167.5 million or $3.83 per share against $171.6 million or $3.85 per share a year ago. The decrease was primarily due to lower operating expenses for the first nine months of 2013, which included savings due to an amendment of the Company's postretirement medical plan of $20.6 million, or $0.30 per diluted share, in the first half of 2013 that did not recur in 2014. Net income return on average equity was 9.8% against 10.2% year ago. Net income return on average equity (excluding accumulated other comprehensive income) was 10.6% against 11.3% year ago. Net income return on average equity (excluding after-tax net capital losses and accumulated other comprehensive income) was 10.9% against 11.9% year ago. The company's book value per share increased 10.9% from $48.12 at September 30, 2013 to $53.38 at September 30, 2014.

 

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Price/Sales 1.0x
Price/Book 1.3x
Price/Cash Flow 12.7x
TEV/Sales 0.7x
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