UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 22, 2004
STANCORP FINANCIAL GROUP, INC.
(Exact name of registrant as specified in its charter)
| | | | |
| State of Oregon | | 1-14925 | | 93-1253576 |
| (State or other jurisdiction of | | (Commission | | (I.R.S. Employer |
| incorporation or organization) | | File Number) | | Identification No.) |
| | |
| 1100 SW Sixth Avenue, Portland, Oregon | | 97204 |
| (Address of principal executive offices) | | (Zip Code) |
(503) 321-7000
(Registrant’s telephone number, including area code)
No Change
(Former name, former address and former fiscal year, if changed since last report)
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 StanCorp Financial Group, Inc. press release dated July 22, 2004
99.2 StanCorp Financial Group, Inc. Statistical Supplement dated June 30, 2004
Item 12. Results of Operations and Financial Condition
On July 22, 2004, StanCorp Financial Group, Inc. issued a press release reporting the Company’s second quarter 2004 financial results. A copy of the press release is attached hereto as exhibit 99.1 and incorporated herein by reference. A copy of the Company’s Statistical Supplement dated June 30, 2004 is attached hereto as exhibit 99.2 and incorporated herein by reference.
Financial measures that exclude after-tax net capital gains and losses and accumulated other comprehensive income are non-GAAP (Generally Accepted Accounting Principles) measures. To provide investors a broader understanding of earnings, the Company provides net income per diluted share excluding after-tax net capital gains and losses, along with the GAAP measure of net income per diluted share, because capital gains and losses are not likely to occur in a stable pattern.
Return on average equity excluding after-tax net capital gains and losses from net income and accumulated other comprehensive income from equity is furnished along with the GAAP measure of net income return on average equity because management believes providing both gives investors a broader understanding of return on equity. Measuring return on average equity without accumulated other comprehensive income excludes the effect of market value fluctuations of the Company’s fixed maturity securities primarily associated with changes in interest rates. Management believes that measuring return on average equity without accumulated other comprehensive income is important to investors because the turnover of the Company’s portfolio of fixed maturity securities may not be such that unrealized gains and losses reflected in accumulated other comprehensive income are ultimately realizable. Furthermore, for the purpose of calculating this ratio, management believes exclusion of other comprehensive income provides investors a better measure of return.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 22, 2004
|
| STANCORP FINANCIAL GROUP, INC. |
|
/s/ Cindy J. McPike
|
Cindy J. McPike |
Senior Vice President and |
Chief Financial Officer |
EXHIBIT INDEX
| | |
Exhibit No.
| | Description
|
| * 99.1 | | StanCorp Financial Group, Inc. press release dated July 22, 2004 |
| * 99.2 | | StanCorp Financial Group, Inc. Statistical Supplement dated June 30, 2004 |
