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StanCorp Reports Higher 1st Quarter Net

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NU Online News Service, April 25, 11:42 a.m. – StanCorp Financial Group Inc., Portland, Ore., the parent company of Standard Insurance Company, is reporting $30 million in net income for the first quarter on $424 million in operating revenue, up from $26 million in net income on $384 million in operating revenue for the first quarter of 2001.

The employee benefits unit did well, in part because the claims rate is down, StanCorp says.

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