Standard Insurance Company, also branded as The Standard, is an American

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

and financial company which is a subsidiary of

StanCorp Financial Group StanCorp Financial Group, Inc. is an insurance and financial services company based in Portland, Oregon, United States. In 2006 it ranked as number 731 on the Fortune list with in excess of $2 billion in annual revenues. Founded in 1906, the compa ...

, headquartered in

Portland, Oregon Portland (, ) is a port city in the Pacific Northwest and the largest city in the U.S. state of Oregon. Situated at the confluence of the Willamette and Columbia rivers, Portland is the county seat of Multnomah County, the most populous co ...

. On July 23, 2015, Meiji Yasuda, a Japanese mutual insurance group, made an offer to purchase Stancorp Financial for $5 billion. The transaction was completed in the first quarter of 2016. The Standard covers 8.5 million people (June 30, 2008) in the USA through and out of above 30,000 employers with group and individual disability insurance, group life, AD&D and dental insurance, retirement plans products and services, individual annuities. It is licensed in 49 states and Washington, DC. In New York it has Standard Life Insurance Company of New York. The average

loan-to-value ratio The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. In Real estate, the term is commonly used by banks and building societies to represent the ratio of the first m ...

on new loans was 64 percent in 2008. Standard Insurance Company has maintained an “A” rating or higher from A.M. Best Company since 1928. Assets $14.56 billion (March 31, 2009). 3,400 employees in 2008. In December 2005 revenue was $2,147,500,000. On February 24, 1906

Leo Samuel StanCorp Financial Group, Inc. is an insurance and financial services company based in Portland, Oregon, United States. In 2006 it ranked as number 731 on the Fortune list with in excess of $2 billion in annual revenues. Founded in 1906, the compa ...

, a German immigrant, founded the Oregon Life Insurance Company.About founding and the founder Leo Samuel
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Portland Business Journal Portland most commonly refers to: * Portland, Oregon, the largest city in the state of Oregon, in the Pacific Northwest region of the United States * Portland, Maine, the largest city in the state of Maine, in the New England region of the northeas ...

'', February 21, 2006. In 1946 the company name was changed to Standard Insurance Company.Quick Facts.
StanCorp Financial Group. Retrieved on February 28, 2008. In 2006, on a 100th anniversary celebration the company launched The Standard Charitable Foundation with emphasis on helping individuals and families who have experienced a loss or setback such as a major disability or the loss of a loved one. Standard's headquarters in Portland are located in the

Standard Insurance Center The Standard Insurance Center, originally the Georgia-Pacific Building, is a 27-story office building in Portland, Oregon. Completed in 1970, it currently serves as part of the headquarters of The Standard, the brand name under which Standard I ...

. The company also has offices in

Standard Plaza Standard Plaza is a 16-story office building in downtown Portland in the U.S. state of Oregon. At in height, it was the largest office building in Oregon when it was completed in 1963. The structure, occupying a city block on SW 6th Avenue betwe ...

. It owns both buildings.

References

{{Reflist Meiji Yasuda Life Insurance companies of the United States American companies established in 1906 Financial services companies established in 1906 Companies based in Portland, Oregon 1906 establishments in Oregon