NU Online News Service, April 24, 2003, 11:45 a.m. EDT – StanCorp Financial Group Inc., Portland, Ore., is reporting $32 million in net income for the first quarter on $509 million in revenue, up from $30 million in net income on $424 million in revenue for the first quarter of 2002.
StanCorp, the parent of Standard Insurance Company, attributed some of the increase in revenue to its recently completed acquisition of the group disability and group life operations of the Teachers Insurance and Annuity Association, New York.