StanCorp Financial — Merger or Acquisition (July 2015)
15 slides from StanCorp Financial's merger presentation, Jul 27, 2015
Slide 1: Employee Meeting July 24, 2015
Employee Meeting July 24, 2015
Slide 2: Before we get started
Before we get started Forward-Looking Statements Information in this presentation includes certain statements related to projected growth and future events. These statements are “forward-looking” statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Because such
Slide 3: Meiji Yasuda Life Insurance Company to acquire StanCorp Financial Group
MEUI YASUDA LIFE INSURANCE COMPANY TO ACQUIRE STANCORP FINANCIAL GROUP * Transaction brings together two market leaders in group insurance and marks a significant step in Meiji Yasuda’s international growth strategy * StanCorp to operate under The Standard brand and maintain current operations, head
Slide 4: Company
Company Confidential We will maintain our operations, our headquarters, employees, management team, product mix, distribution channels and community support
Slide 5: Meiji Yasuda
• Oldest and third largest life insurance company in Japan, with the largest share of group insurance in the Japanese market • Founded in 1881 and headquartered in Tokyo • Specializes in group and individual life insurance, bancassurance and group annuity products in Japan, with international operat
Slide 6: Meiji Yasuda's global footprint post transaction
Meiji Yasuda’s global footprint post transaction Company Confidential
Slide 7: All-cash premium transaction provides value for our shareholders
Company Confidential All-cash premium transaction provides substantial and immediate value for our shareholders
Slide 8: Transaction Highlights
Transaction Transaction Value Premium Multiples Approvals and Timing Transaction Highlights Acquisition of StanCorp by Meiji Yasuda for $115.00 per share in cash $5.0 billion 50.0% premium over StanCorp’s latest closing price on July 23, 2015 49.9% premium to StanCorp’s 1-month volume weighted avera
Slide 9: Q2 2015 Earnings Highlights
• EPS of $1.51, beats the Street’s expectation of $1.21 • EB sales up more than 50 percent compared to Q2 2014 • 4.6 percent premium growth • Record pre-tax operating income from AMG and IDI • All-time high for SMI in commercial mortgage loan originations • 59 percent to our incentive target! Q2 201
Slide 10: Things that set us apart for Meiji Yasuda
• Our team • Our financial performance • Our differentiated product offering • Our respected brand Things that set us apart for Meiji Yasuda …
Slide 11: What happens next in the transaction
• 25-day Go-Shop period, during which StanCorp may solicit interest from other parties • Shareholder approval • Regulatory approvals • Close expected in Q1 2016 What happens next in the transaction…
Slide 12: What happens next for employees
• Business as usual • Your leaders will be checking in and meeting with you on Monday What happens next for employees…
Slide 13: Compelling transaction for all StanCorp stakeholders
• Compelling transaction for all StanCorp stakeholders in today’s rapidly changing competitive landscape • Meiji Yasuda is a global insurance leader and a strong, stable home for our company going forward
Slide 14: Additional information about the proposed merger
In connection with the proposed merger transaction, StanCorp will file with the SEC and furnish to the StanCorp's stockholders a proxy statement and other relevant documents. BEFORE MAKING ANY VOTING DECISION, STANCORP'S STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT IN ITS ENTIRETY WHEN IT BECO
Slide 15: The Standard
TheStandard \ ‘The Standard is the marketing name for StanCorp Financial Group, Inc. and subsidiaries. Insurance products are offered by Standard Insurance Company of Portland, Oregon, in all states except New York. Product features and availability vary by state and are solely the responsibility of
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