StanCorp Earnings Cheat Sheet: Falls Short of Profit Expectations

StanCorp Financial Group, Inc. (NASDAQ:SFG) posted a decrease in profit in the first quarter. StanCorp Financial Group, Inc. is a holding company and conducts business through wholly-owned operating subsidiaries throughout the United States. It operates through two segments: Insurance Services and Asset Management.

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StanCorp Financial Group Earnings Cheat Sheet for the First Quarter

Results: Net income for the accident and health insurance company fell to $33.7 million (73 cents/share) vs. $49.7 million ($1.04/share) a year earlier. A decline of 32.2% from the year earlier quarter.

Revenue: Total revenue was $717.7 million.

Actual vs. Wall St. Expectations: SFG fell short of the mean analyst estimate of 86 cents/share. Estimates ranged from 75 cents per share to $1.22 per share.

Quoting Management: “An increased level of claims incidence in our group long term disability business resulted in earnings below our expectations for the first quarter,” said Greg Ness, president and chief executive officer. “At the same time, our business demonstrated significant strengths: impressive premium growth, very strong sales, excellent asset management earnings and continued good investment performance. These achievements are all consistent with our goal of producing strong long-term results.”

Key Stats: Net income has dropped 8.7% year over year on average across the last five quarters. Performance was hurt by a 32.2% decline in the most recent quarter from the year earlier quarter.

Competitors to Watch: MetLife, Inc. (NYSE:MET), CNO Financial Group, Inc. (NYSE:CNO), Protective Life Corp. (NYSE:PL), Independence Holding Co. (NYSE:IHC), Kansas City Life Insurance Co (NASDAQ:KCLI), Lincoln National Corp. (NYSE:LNC), Presidential Life Corp (NASDAQ:PLFE), Delphi Financial Group, Inc. (NYSE:DFG), Torchmark Corporation (NYSE:TMK), and Prudential Financial, Inc. (NYSE:PRU).

Today’s Performance: Shares of SFG are unchanged in after hours trading.


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