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StanCorp Financial Group, Inc. Reports First Quarter 2010 Earnings MarketWatch (press release)

21.04.10

Today reported net income for the first quarter of 2010 of $49.7 million, or $1.04 per diluted share, compared to net income for the first quarter of 2009 of $32.7 million, or $0.67 per diluted share. After-tax net capital losses were $4.4 million for the first quarter of 2010, compared to after-tax net capital losses of $17.3 million for the first quarter of 2009. Earnings for the first quarter of 2010 included a non-cash charge of $1.0 million, or $0.02 per share, resulting from reduced deductibility of retiree health care costs under the recently passed federal health care legislation.

Net income excluding after-tax net capital gains and losses was $1.13 per diluted share for the first quarter of 2010, compared to $1.13 per diluted share for the first quarter of 2009. Results for the first quarter of 2009 excluded after-tax one-time costs of $5.4 million for operating expense reduction initiatives (see discussion of non-GAAP financial measures below). Results for the first quarter of 2010 reflected lower premiums in the Insurance Services segment, offset by comparatively favorable earnings in the Asset Management segment.

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small business group dental insurance - News


Insurance costs keep going up - Mansfield News Journal
Mansfield News Journal, OH - Jun 21, 2009
Insurance costs keep going upThe group's January report, "Taking the Pulse of Main Street: Small Businesses, Health Insurance and Priorities for Reform," said another third of small businesses switched to a plan that covered fewer services and 12 percent dropped coverage

Can't afford health care? Barter for it
CNNMoney.com - Jun 19, 2009
Not offering health insurance has hurt staff recruiting and retention over the years at his company, Viking said. "I just can't afford to do it as a small business owner, even if I only paid a portion of it," he said. "The portion I'd have to pass Bartering For Health Care Increases Amid Economic Woes

Executive Q&A: Mary Bufwack, United Neighborhood Health Services Inc. - The Tennessean
The Tennessean, TN - Jun 21, 2009
Executive Q&A: Mary Bufwack, United Neighborhood Health Services Inc.For those who are insured, we need not only medical care, we need behavioral health or mental health care and we need dental care. The lack of dental care in our society is incredible. In addition to private insurance alternatives, I would like to see

Martinez takes Miami-Dade Blue to Washington - Bizjournals.com
Bizjournals.com, NC - Jun 19, 2009
Martinez takes Miami-Dade Blue to WashingtonThe two discussed the county's plan to provide affordable health insurance to residents and small business owners and the plan's potential to serve as a national model. Martinez, who led the project's creation, announced the launch of Miami-Dade Blue

A health-care exchange of sorts already exists: barter - MiamiHerald.com
MiamiHerald.com, FL - Jun 17, 2009
A health-care exchange of sorts already exists: barterThat way, a barber with a toothache can barter for dental work without having to find a dentist who wants a haircut. Many of these exchanges are designed for small business owners seeking to conserve cash. Nearly 400000 businesses participate in about