Exhibit 99.1
FOR RELEASE March 7, 2005
StanCorp Financial Group’s Chief Executive Officer Adopts Rule 10b5-1 Trading Plan
PORTLAND, Ore. — March 7, 2005 — StanCorp Financial Group, Inc. (“StanCorp”) (NYSE: SFG) today announced that Eric E. Parsons, chairman, president and chief executive officer, has adopted a trading plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
Rule 10b5-1 allows officers and directors to adopt written, pre-arranged stock trading plans at a time when they are not in possession of material nonpublic information. Using these plans, insiders can gradually diversify their investment portfolios and reduce market impact by spreading stock trades out over an extended period of time, while avoiding concerns about whether they were in possession of material nonpublic information when the stock was sold.
The trading plan for Mr. Parsons provides for the sale of up to 17,500 shares of StanCorp stock that will be issued as a result of options previously awarded to Mr. Parsons. The plan will allow up to 3,500 shares of stock to be sold per quarter during the period of May 9, 2005 through July 17, 2006.
As of March 1, 2005, Mr. Parsons beneficially owned 73,457 shares of StanCorp and 112,250 vested options to acquire shares of StanCorp’s common stock.
About StanCorp Financial Group, Inc.
StanCorp Financial Group, Inc., through its wholly owned subsidiaries — Standard Insurance Company and The Standard Life Insurance Company of New York — is a leading provider of employee benefits products and services. StanCorp’s subsidiaries serve customers nationwide with group and individual disability insurance and retirement products, and group life and dental insurance with more than 29,500 group insurance policies in force covering about 6.7 million employees, as of December 31, 2004. For more information about StanCorp Financial Group, Inc., visit its Web site atwww.stancorpfinancial.com
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Contacts
Investor Relations and Financial Media
Jeff Hallin
Telephone: (503) 321-6127
E-mail: jhallin@standard.com
Corporate Information
Tiana Tozer
(503) 321-7051
E-mail: ttozer@standard.com
