NU Online News Service, Jan. 30, 12:03 p.m. – StanCorp Financial Group Inc., Portland, Ore., is reporting $34 million in net income for the fourth quarter of 2002 on $488 million in revenue, up from $28 million in net income on $408 million in revenue for the fourth quarter of 2001.
StanCorp, the parent of Standard Insurance Company, sells employee benefits, individual insurance and retirement plans.
The benefits division is reporting $46 million in operating income for the latest quarter on $358 million in premium revenue, up from $35 million in operating income on $288 million in premium revenue.
