Reliance Standard
Reliance Standard Life Insurance Company, founded in 1907 and owned by Tokio Marine Group, is a US life insurer and employee benefits provider serving employers and families through retirement services, group benefits, and absence management (Reliance Matrix) across all 50 US states.
- Company typePrivate
- Founded1907
- HeadquartersPhiladelphia, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Reliance Standard does
Reliance Standard Life Insurance Company is a US life insurance carrier and employee benefits provider founded in 1907 and headquartered in Schaumburg, Illinois. Operating since 1907, it serves "millions of US families" through two primary product lines: Retirement Services (life insurance and retirement products under Reliance Standard Life Insurance Company) and Employee Benefits & Absence Management (branded as Reliance Matrix). The absence management platform is the operational backbone for employer-sponsored leave administration, disability management, and integrated absence services, delivered in combination with Matrix Absence Management, Inc., a wholly-owned operating subsidiary.
The company operates through a multi-entity structure designed to achieve nationwide distribution: Reliance Standard Life Insurance Company is licensed in all US states except New York plus DC, Puerto Rico, the US Virgin Islands, and Guam; First Reliance Standard Life Insurance Company covers New York and Delaware; and Standard Security Life Insurance Company of New York is licensed across all states. Reliance Standard is a subsidiary of Tokio Marine Group, one of the largest global insurance organizations, and Standard Security Life is part of Delphi Financial Group under that umbrella.
Reliance Standard generates revenue primarily through insurance premiums collected on group and individual life, disability, and absence management products, with pricing conducted on a quote-based, undisclosed basis that varies by coverage type, employer size, and benefit selections. Go-to-market is sales-led B2B, with distribution executed through direct licensing relationships with US employers and broker channels. The company's stated brand promise is "innovation, flexibility, and strength," anchored by its 2023 recognition as the top US absence management provider and AM Best credit rating affirmation with a positive outlook for its Delphi-affiliated subsidiary.
Reliance Standard firmographics
Firmographics- Name
- Reliance Standard
- Legal name
- Reliance Standard Life Insurance Company
- Website
- https://reliancestandard.com
- Company type
- Private
- Founded year
- 1907
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Reliance Standard Life Insurance Company, founded in 1907 and owned by Tokio Marine Group, is a US life insurer and employee benefits provider serving employers and families through retirement services, group benefits, and absence management (Reliance Matrix) across all 50 US states.
- Ownership category
- akta.pro rank
Reliance Standard industry classification
Industry- Product category
- Group Life Insurance and Employee Benefits
- NAICS
- Insurance and Employee Benefit Funds (5251), Other Insurance Funds (52519)
- SIC
- Life Insurance (6311)
- akta.pro primary industry
- Group Disability Income Insurance (Employer-Sponsored) (FSAIAIAB)
- akta.pro secondary industries
- Group Life Waiver of Premium & Accelerated Benefit Riders (FSAIADAI), Individual Disability Income Insurance (Non-Group) (FSAIAIAA)
Keywords
Where Reliance Standard is headquartered
LocationHeadquarters
- HQ city
- Philadelphia
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Reliance Standard business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Insurance Premiums: Reliance Standard Life Insurance Company generates revenue through insurance premiums collected from employee benefits and absence management products, as well as retirement services products. Operating since 1907 as part of Tokio Marine Group.
Go-to-market motion1 record
Distribution channels1 record
Reliance Standard product offering
Product offeringCore offering
Reliance Standard provides group life insurance, disability, and absence management solutions through its Reliance Matrix employee benefits platform to US employers, while also offering retirement services and life insurance products to US families through its licensed insurance entities. The company leverages patented technology tools to administer leave, disability, and integrated absence services for employer groups across all 50 states.
Product overview
Reliance Standard operates as a member of Tokio Marine Group, providing insurance and absence management solutions through a multi-entity structure. The company operates two main areas of specialization: Retirement Services (life insurance and retirement products) and Employee Benefits & Absence Management branded as Reliance Matrix. The Reliance Matrix platform provides absence management services powered by Matrix Absence Management, Inc. The company also includes First Reliance Standard Life Insurance Company (licensed in NY and DE) and Standard Security Life Insurance Company of New York (licensed nationwide) as subsidiary insurance carriers.
Differentiator
Problem solved
Functional benefit
Products and services
- Reliance Matrix Employee benefits and absence management platform providing technology-driven solutions for leave administration, disability management, and integrated absence services for US employer groups. Recognized as the top US absence management provider in 2023.
- Retirement Services Retirement products and life insurance products offered by Reliance Standard Life Insurance Company, helping US families protect, prepare, and grow their financial future.
Quantifiable outcome
- Top US absence management provider in 2023
Companies that use Reliance Standard
Customer profileSegments2 records
Ideal customer profiles1 record
Reliance Standard technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Reliance Standard partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Matrix Absence Management, Inc.coreMatrix Absence Management, Inc. provides absence services for Reliance Matrix products. This is an affiliated service provider that handles the operational delivery of absence management services.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
Reliance Standard competitors and assessment
Company assessmentBroad incumbents
- MetLife: MetLife is a broad incumbent US life insurance and group benefits carrier with much larger scale, offering group life, disability, retirement, and absence solutions that overlap Reliance Standard's full product portfolio.
- Prudential Financial: Prudential offers US group life, disability, retirement plan services, and individual life insurance — a broad incumbent that competes across both of Reliance Standard's Retirement Services and Employee Benefits segments.
- New York Life Group Benefit Solutions: New York Life's Group Benefit Solutions business provides group life, disability, and absence management through employer channels — a broad incumbent with mutual-company structure competing for similar broker-sold group cases.
- Cigna Group Benefits: Cigna's Group Insurance division provides life, disability, and absence management solutions through employers; a broader healthcare conglomerate competing for the same employer-sponsored benefits wallet.
Direct peers
- The Hartford: The Hartford's Group Benefits division provides group disability, group life, and leave management to mid and large US employers — a direct comparable to Reliance Matrix's B2B employer benefits book.
- Unum Group: Unum is a leading US provider of group disability, group life, and absence management benefits sold to employers — directly overlapping Reliance Matrix's core product set across the same broker distribution channel.
- Sun Life U.S. Sun Life U.S. is a major group benefits carrier offering disability, absence, dental, and life insurance through employers and brokers — competing head-to-head for the same RFPs as Reliance Standard.
- Lincoln Financial Group: Lincoln Financial offers group life, group disability, retirement, and absence management solutions to US employers, making it a close functional overlap on both halves of Reliance Standard's two specialization areas.
- Mutual of Omaha: Mutual of Omaha offers group life, group disability, and voluntary/worksite benefits through US employers and brokers — closely comparable to Reliance Standard's mid-market employer benefits book.
Emerging players
- Voya Financial: Voya provides retirement plans, group life, and voluntary benefits through employer channels — partial overlap with Reliance Standard's retirement services and absence business, but with stronger focus on retirement plan administration.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Reliance Standard social profiles
Digital presenceReliance Standard financial estimates
Financial estimateRevenue estimate
Valuation estimate
Reliance Standard leadership team
Management profileNumber of profiles
Profiles1 record
Reliance Standard subsidiaries and ownership
Company hierarchySubsidiaries1 record
Reliance Standard funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Reliance Standard M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Reliance Standard
What does Reliance Standard do?
Reliance Standard provides group life insurance, disability, and absence management solutions through its Reliance Matrix employee benefits platform to US employers, while also offering retirement services and life insurance products to US families through its licensed insurance entities. The company leverages patented technology tools to administer leave, disability, and integrated absence services for employer groups across all 50 states.
Is Reliance Standard a public or private company?
Reliance Standard is a private company. It is classified as corporate owned and is currently operating.
When was Reliance Standard founded?
Reliance Standard was founded in 1907. It employs 1,001 to 5,000 people.
Where is Reliance Standard based?
Reliance Standard is headquartered in Philadelphia, United States, in the North America region.
How does Reliance Standard make money?
One revenue line is on record: insurance Premiums.
Who are Reliance Standard's main competitors?
Broad incumbents on record are MetLife, Prudential Financial, New York Life Group Benefit Solutions and Cigna Group Benefits. Direct peers are The Hartford, Unum Group, Sun Life U.S., Lincoln Financial Group and Mutual of Omaha. Voya Financial is listed as an emerging player.
Does Reliance Standard have an API?
No public API is recorded for Reliance Standard.
What industry is Reliance Standard in?
Reliance Standard's product category is Group Life Insurance and Employee Benefits. Its primary akta.pro industry code is FSAIAIAB, Group Disability Income Insurance (Employer-Sponsored), with a secondary code of FSAIADAI, Group Life Waiver of Premium & Accelerated Benefit Riders. Its NAICS code is 5251 and its SIC code is 6311.