Investor Presentaiton

LO 5 1 All-cash premium transaction provides substantial and immediate value for StanCorp's shareholders Premium Over Latest Closing Price on July 23, 2015 $76.69 July 23, 2015 Close 50.0% $115.00 Purchase Price Premium Over 30-Day Volume Weighted Average Price 49.9% $115.00 $76.74 Premium Over All-time High Closing Price 45.9% $115.00 $78.81 All-time High Close Purchase Price Premium Over 90-Day Volume Weighted Average Price $75.53 52.3% $115.00 30-Day VWAP Purchase Price 90-Day VWAP Purchase Price Note: Pricing and VWAP data per Bloomberg. StanCorp Financial Group™

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