Relatively low group long-term disability claim rates were a bright spot at StanCorp Financial Group Inc. during the second quarter.[@@]
StanCorp, Portland, Ore., the parent of Standard Insurance Company, is reporting $53.3 million for the latest quarter on $579 million in revenue, compared with $52.5 million in net income on $525 million in revenue for the second quarter of 2004.
The ratio of benefits payments to premium revenue fell to 75% at the employee benefits operation, from 77%, and StanCorp says it may be able to release $3 million in group LTD reserves in the third quarter.
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