Oct
26
2009
StanCorp Financial a Penny Ahead – Analyst Blog
Posted by: in Home Mortgage Online, tags: Ahead, Blog, Consensus Estimate, Excerpt, Financial Analyst, Financial Group Inc, Group Insurance, Insurance, Insurance Business, Joblessness, Premiums, Quarter Earnings, Quarterly Results, Random, Reduction Initiatives, Stancorp Financial, Stancorp Financial Group Inc, Unemployment Rate, ZacksRandom Feed wrote an interesting post today on
Here’s a quick excerpt
StanCorp Financial Group Inc.’s ( SFG ) third quarter earnings of $1.21 per share were just a penny ahead of the Zacks Consensus Estimate of $1.20 per share. The company had earned $1.46 per share in the year-ago quarter. High unemployment rate and rising joblessness continue to impact the company’s earnings. Quarterly results reflect higher-than-expected claims activity and reduced premiums in the group insurance business. However, the company benefited from the expense reduction initiatives
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