Stancorp Financial To Buy Back Shares Up To 3M Added

On May 16, 2011, the board of directors of StanCorp Financial Group SFG authorized an additional 3 million shares of StanCorp common stock to its current share repurchase program. “At StanCorp, we seek to manage our capital opportunistically and with the long-term shareholder in mind,” said Greg Ness, president and chief executive officer. “Since becoming a public company in 1999, we have utilized a share repurchase program to return value to shareholders. We are pleased to add to our share repurchase program while maintaining a capital structure that supports future growth.” The new share authorization expires December 31, 2012 and will add to the existing repurchase program, which had approximately 1.5 million shares remaining at March 31, 2011.