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Securian Financial Group
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 | This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. (July 2020) |
Securian Financial Group is an American financial service group that provides a range of financial products and services such as insurance and investments. It is structured as a mutual holding company that operates a number of subsidiaries.
Key Information
As of 2018, Securian Financial provided insurance, investment retirement products and trust services to more than 19 million clients in the United States, Puerto Rico and Canada.[2]
History
[edit]The company was founded in St. Paul, Minnesota, by Russell Dorr on August 6, 1880.
Robert Senkler was the CEO from 1994 to 2014.[3] After Senkler, Chris Hilger became the chairman, president and CEO.[4]
By 2018, the company managed $78.6 billion in assets and had nearly $1.2 trillion in insurance in force.[2]
Corporate Organization
[edit]Minnesota Mutual Companies, Inc. is the parent holding company headquartered in St. Paul, MN with a mutual ownership model that operates under the name "Securian Financial". It is the parent of Securian Financial Group, Inc. (which is technically a stock subsidiary, but is not publicly owned or traded), as well as several other companies that provide a broad range of financial services, including:[5]
- Minnesota Life Insurance Company
- Securian Life Insurance Company
- Securian Financial Services
- Securian Trust Company
- Allied Solutions
- Securian Asset Management[6]
- Asset Allocation & Management Company (AAM)
- Securian Casualty Company
- American Modern Life Insurance Company
- Southern Pioneer Life Insurance Company
References
[edit]- ^ "Securian Financial Group". Fortune. Archived from the original on 2018-12-31. Retrieved 2018-12-31.
- ^ a b "About Us". Securian Financial.
- ^ "Chris Hilger to lead Securian". Advisor Magazine. 16 January 2015.
- ^ "Leadership". Securian Financial. Archived from the original on 2018-10-04. Retrieved 2018-10-04.
- ^ "2017 Summary Annual Report to Members". 2017 Summary Annual Report to Members | Securian Financial. Retrieved 2019-11-20.
- ^ "Advantus".
External links
[edit]
  | This article about a financial services corporation of the United States is a stub. You can help Wikipedia by adding missing information. |
Securian Financial Group
View on Grokipediafrom Grokipedia
Securian Financial Group, Inc. is a mutual holding company headquartered in St. Paul, Minnesota, that provides a broad range of insurance, investment, and retirement solutions to individuals, families, businesses, and financial institutions across North America.[1] Founded on August 6, 1880, as the Bankers Association of Minnesota—the first life insurance company in the state—it has evolved over more than 140 years into one of the largest U.S. life insurers, ranking sixth by life insurance in force as of 2024, with nearly $1.8 trillion in coverage for over 23 million customers.[1][2]
The company operates as the parent of key subsidiaries, including Minnesota Life Insurance Company and Securian Life Insurance Company (a New York-authorized insurer), and maintains a diversified portfolio of products such as life insurance (term, universal, variable, and executive benefits), annuities (fixed, indexed, and variable), group benefits (including voluntary options like critical illness and accident coverage), retirement plans (such as 401(ks and pension risk transfer), and specialized services like collateral protection and debt protection through affiliates like Allied Solutions and Empyrean Benefit Solutions.[1][3] Its mutual structure emphasizes long-term stability over shareholder profits, supported by a high-quality investment portfolio exceeding $34.6 billion and GAAP revenue of $8.2 billion in 2024, enabling it to pay out $5.5 billion in benefits that year.[1][4]
Securian's history includes pivotal innovations, such as issuing the first group life insurance policy in 1917, launching flexible Adjustable Life products in 1971, and introducing 401(k) plans in 1984, alongside a 2001 rebranding from Minnesota Life to reflect its expanded scope.[2] Today, with more than 5,500 employees and a Fortune 500 ranking of #464, it serves four primary markets—individuals and families, employers and employees, and financial institutions—through channels like brokers, consultants, and direct subsidiaries, while upholding core values of trust, integrity, and community.[1][5] The organization is highly rated for financial strength by independent agencies, including A+ (Superior) from AM Best (affirmed December 2025), AA (Very Strong) from Fitch (November 2025), and Aa3 (Excellent) from Moody's (November 2025), along with a Comdex ranking of 96 (as of February 2026), for its claims-paying ability and capital position, underscoring its resilience through economic challenges like the Great Depression and the COVID-19 pandemic.[6]
The board plays a critical role in approving major strategic initiatives, such as the 2017 acquisition of Canadian Premier Life Insurance Company, which marked Securian's entry into the Canadian market and expanded its group life and health insurance offerings. Through committees like Audit, Investment, and Nominating and Governance, members ensure robust oversight and alignment with mutual ownership principles.[26]
History
Founding and Early Years
Securian Financial Group traces its origins to August 6, 1880, when Russell Dorr established the Bankers Association of Minnesota in St. Paul, marking it as the state's inaugural life insurance company.[2] Initially operating as an assessment-based insurer targeting bankers and professionals, the organization provided basic life coverage amid a nascent industry in the American Midwest.[7] This founding reflected the era's growing demand for financial protection among business leaders, positioning the company as a pioneer in regional insurance services.[2] In 1901, the company underwent a significant restructuring, converting from an assessment model to a mutual legal-reserve life insurance framework and adopting the name Minnesota Mutual Life Insurance Company.[2][7] This shift emphasized a mutual structure where policyholders held ownership stakes, fostering long-term stability and aligning interests between the insurer and its clients through dividends and governance participation.[2] Early operations centered on individual life insurance policies, which formed the core of its offerings and supported community-focused growth in Minnesota.[2] A pivotal expansion into group coverage occurred in 1917 with the issuance of the company's first group life insurance policy, introducing employer-sponsored benefits to its portfolio.[2] This innovation broadened access to affordable protection for employees, reflecting evolving workplace needs during the early 20th century. By the mid-1950s, Minnesota Mutual Life enhanced operational efficiency through technological adoption, investing in its first IBM computer system in 1956 at the new headquarters on 345 Cedar Street.[2] This 1,000-square-foot installation represented an early commitment to automation in insurance processing, streamlining policy administration and data management.[2]Expansion and Key Milestones
In 1971, Securian Financial introduced Adjustable Life, marking a significant innovation in life insurance by offering a single policy that could be flexibly adjusted to accommodate changing financial needs throughout an individual's life stages.[2] This product represented an early advancement in customizable insurance solutions, building on the company's mutual roots to enhance policyholder adaptability.[2] By 1984, the company established Securian Financial Services, Inc., as a broker-dealer subsidiary, and launched its first 401(k) retirement plans, expanding into defined contribution services to meet growing demand for employee benefits in the workplace.[2] These developments broadened Securian's portfolio beyond traditional insurance, positioning it as a comprehensive financial services provider.[2] In 1998, Securian adopted a mutual holding company structure to support long-term growth while preserving its policyholder-focused model, concurrently creating the Minnesota Life brand for individual life insurance and launching LifeBenefits.com as an innovative online platform for group insurance enrollment and management.[2] The year 2001 saw the introduction of the Securian brand, unifying the company's diverse offerings under a single marketing identity to emphasize its commitment to financial security for families and businesses.[2] This rebranding facilitated broader market outreach without altering the underlying mutual structure.[2] In 2004, Securian acquired Allied Solutions, expanding its presence in the credit union and financial institution markets with integrated insurance and lending solutions.[2][8] Expansion continued into the 2010s, with 2014 bringing a milestone of surpassing $1 trillion in insurance in force, underscoring the scale of its protection coverage, alongside the acquisition of a majority stake in Asset Allocation & Management Company (AAM), which tripled the assets under management in its investment advisory arm.[2] In 2015, Chris Hilger was appointed CEO, leveraging his over 30 years of experience in financial services, including his tenure since joining via the 2004 Allied Solutions acquisition, to guide further strategic evolution.[2] In 2018, the company rebranded as Securian Financial, adding "Financial" to its name, updating its logo, and launching its first national television advertising campaign under the "Every Moment Counts" theme to highlight its family-focused values.[2][9]Recent Developments
In 2017, Securian Financial Group expanded its international presence by acquiring Canadian Premier Life Insurance Company and its affiliates, including Legacy General Insurance Company and distributor Valeyo, marking its entry into the Canadian market.[2] This acquisition, valued at approximately US$142 million, enabled Securian to offer group life, health, disability, and creditor insurance products in Canada.[10] In 2019, Securian acquired Empyrean Benefit Solutions, a Houston-based provider of employee benefits administration and HR technology, to strengthen its offerings in the employer and employee benefits market.[2][11] By 2020, Securian celebrated its 140th anniversary, reflecting on its long history of protecting families while adapting operations to the challenges of the COVID-19 pandemic, including enhanced monitoring and mitigation efforts by cross-functional teams.[2][12] In 2022, amid ongoing pandemic impacts, Securian paid $1.3 billion in COVID-related death benefits to more than 19,000 families, underscoring its role in supporting policyholders during the crisis.[2] That same year, the company strategically exited its retirement plan recordkeeping business by selling it to The Standard Insurance Company, a transaction announced in October and closed in December, allowing Securian to refocus on core insurance and investment solutions.[13][14] Securian continued its Canadian growth in 2023 with the rebranding of Canadian Premier Life Insurance Company and affiliates to Securian Canada, following the acquisition of Sun Life Assurance Company of Canada's Sponsored Markets business in February, which more than doubled its market position in association and affinity insurance.[15][2] That year, Securian also sold its retail wealth management business to Cetera Financial Group, completing the transaction in August and enabling a sharper focus on insurance, retirement, and institutional asset management.[2][16] Additionally, Securian's subsidiary Minnesota Life Insurance Company received A.M. Best's "Standing the Test of Time" award, recognizing 75 consecutive years of maintaining an "A" (Excellent) or higher financial strength rating, highlighting its enduring stability.[2][17] The company reported robust performance in 2024, achieving above-industry growth across its served markets, with retirement product sales exceeding $2.1 billion—a 9% increase year-over-year—and total benefits paid reaching $5.5 billion to customers in North America.[18][19] This growth reflected Securian's focus on life insurance, annuities, and pension risk transfers amid a recovering economic landscape.[20] In August 2025, Securian introduced AccumuLink™ Advance, a registered index-linked annuity designed to provide growth potential with downside protection for retirement savers.[21] In October 2025, the company announced a strategic partnership with Custodia Financial to expand access to retirement loan protection programs through financial institutions.[22] Earlier that month, Securian enhanced its group critical illness insurance offerings by introducing coverage for select reproductive health conditions, including premature menopause, egg and sperm harvesting, disorders of the reproductive organs, and abnormalities of reproductive cells, aimed at supporting employees facing infertility and related challenges.[23] These additions built on the product's diagnoses-triggered benefits to address evolving health needs.[24]Corporate Structure
Parent Company Overview
Securian Financial Group, Inc. operates as a mutual holding company, serving as the parent entity for subsidiaries that deliver a range of financial services, including insurance, investments, and retirement solutions. Unlike publicly traded firms, it is not listed on any stock exchange, with ownership vested in its policyholders through a mutual governance structure that prioritizes long-term stability and customer interests.[25][26] Established in St. Paul, Minnesota, in 1880, the company maintains its headquarters there at 400 Robert Street North and employs more than 5,500 individuals. It serves over 23 million customers throughout North America, focusing on protecting families and businesses through comprehensive financial security offerings.[1] Guided by its mission to "build secure tomorrows," Securian Financial emphasizes a purpose-driven approach: "We are inspired today to build confidence in tomorrow. Propelled by our values. Guided by integrity. Rooted in community." Its core values—caring about others, being thinkers and doers, keeping their word, and succeeding as a team—underpin operations and decision-making across the organization.[5] As the overseeing entity, Securian Financial Group manages its subsidiaries' activities in insurance, asset management, and related services, with total investments reaching $34.6 billion as of December 31, 2024. The company holds the #464 position on the Fortune 500 list, reflecting its 2024 GAAP revenue of $8.2 billion.[1][26][27]Subsidiaries and Divisions
Securian Financial Group operates through a network of subsidiaries and divisions that handle various aspects of insurance, distribution, asset management, and support services. The primary insurance subsidiaries include Minnesota Life Insurance Company, based in St. Paul, Minnesota, which serves as the core provider of individual and group life insurance, annuities, and related products.[25] Complementing this is Securian Life Insurance Company, also headquartered in St. Paul, Minnesota, functioning as a New York-authorized insurer offering similar individual and group insurance and annuity products to meet state-specific regulatory requirements.[25] In the property and casualty sector, Securian Casualty Company maintains operations in St. Paul, Minnesota, and Macon, Georgia, focusing on property-casualty insurance solutions.[25] Additionally, Securian Specialty Lines, located in Macon, Georgia, specializes in surplus lines insurance to address niche risk needs.[25] For international operations, the Canadian Premier entities, including Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company, are based in Toronto, Ontario, providing life, credit, and accident/sickness insurance tailored to the Canadian market.[25] Distribution arms of the group facilitate product delivery across channels. Allied Solutions, headquartered in Carmel, Indiana, supports financial institutions with specialized products and services.[25] Securian Financial Services, Inc., in St. Paul, Minnesota, acts as the broker-dealer and principal underwriter for variable insurance products.[28] Ochs, also in St. Paul, Minnesota, concentrates on employee benefits products and services for workplace solutions.[25] Asset management is managed through dedicated subsidiaries. Securian Asset Management, Inc., based in St. Paul, Minnesota, provides comprehensive asset management and investment advisory services.[29] AAM Insurance Investment Management, located in Chicago, Illinois, offers specialized investment advisory for insurance clients.[25] Support services are handled by Empyrean Benefit Solutions, with locations in Houston, Texas; Minneapolis, Minnesota; and La Vergne, Tennessee, delivering employee benefits administration outsourcing and technology platforms.[25]Products and Services
Insurance Products
Securian Financial Group offers a range of insurance products designed to provide financial protection against risks such as death, disability, illness, and property loss, targeting individuals, employers, and affinity groups.[30] These products emphasize affordability, flexibility, and tax advantages, with distribution primarily through subsidiaries like Minnesota Life Insurance Company.[31] In group insurance, Securian has provided term life coverage since issuing its first policy in 1917, establishing itself as the third-largest direct writer of group life insurance in the United States based on insurance in force.[32] This includes group term life policies that deliver simple, affordable protection for employees over a specified period, as well as group universal life and accidental death and dismemberment (AD&D) options to supplement basic benefits.[33] Group benefits extend to disability coverage, encompassing short-term and long-term plans that replace income during periods of illness or injury, helping employees maintain financial stability. For individual coverage, Securian provides term life insurance with fixed premiums and options for conversion to permanent policies, whole life policies featuring guaranteed protection and cash value accumulation, and universal life variants—including fixed, indexed, and variable options—for flexible premium and benefit adjustments.[30] Long-term care insurance is available as standalone or hybrid policies, such as SecureCare III, which combines life insurance with cash indemnity benefits to offset extended care costs, including chronic illness riders.[34] Accident and illness protection includes accidental death benefits integrated into AD&D riders, standalone accident insurance for injury-related expenses, and critical illness coverage that pays lump-sum benefits for severe diagnoses.[35] In 2025, the group critical illness product was enhanced with reproductive health benefits, covering conditions like premature menopause, egg or sperm harvesting, reproductive organ disorders, and infections, addressing growing demands for family-building support.[36] Securian also extends into property and casualty insurance through Securian Casualty Company, a New York-authorized insurer offering coverage for unique risks not met by standard markets.[37] Additionally, surplus lines insurance is provided via Securian Specialty Lines, Inc., launched in 2024, to handle non-standard exposures for sectors like finance and associations.[38] As of December 31, 2024, Securian's total life insurance in force reached nearly $1.8 trillion, underscoring its scale in the U.S. market.[1]Retirement and Investment Solutions
Securian Financial Group offers a range of retirement plans designed to support employer-sponsored programs and individual accumulation for long-term financial security. These include 401(k) administration services, which the company introduced in 1984 as one of the earliest providers in the market.[2] Institutional retirement solutions encompass defined contribution plans with features like guaranteed income options that allow participants to convert savings into stable lifetime payments, backed by the financial strength of Minnesota Life Insurance Company.[39] Additional offerings include stable value investments providing principal protection and liquidity, as well as guaranteed investment contracts (GICs) for low-risk accumulation.[39] Pension risk transfer solutions enable employers to offload defined benefit obligations, ensuring continued payments to retirees while freeing corporate resources.[39] The company's annuity products provide diverse options for generating retirement income, tailored to varying risk tolerances and income needs. Fixed annuities, such as SecureOption® Choice and SecureOption Focus, offer guaranteed principal and interest accumulation without market adjustments in some cases, while IncomeToday!® 2.0 delivers immediate income streams with flexible withdrawal benefits.[40] Variable annuities like the MultiOption® Guide B Series and MultiOption® Momentum combine investment growth potential with optional guarantees against market downturns, allowing customization through subaccounts tied to equities and other assets.[40] Indexed annuities include fixed index-linked products such as the SecureLink® Ultra series, which link returns to market indices with downside protection and surrender periods of five or seven years, and registered index-linked options like AccumuLink™ Advance for enhanced growth potential.[40] Investment advisory services are provided through Securian Asset Management, a subsidiary focused on institutional clients with expertise in fixed income, equities, and alternative investments. As of March 31, 2024, Securian Asset Management oversees more than $44 billion in assets, supporting retirement portfolios with diversified strategies aimed at long-term stability and growth.[29] Variable insurance products, including variable universal life policies and annuities, are distributed exclusively through Securian Financial Services, Inc., a broker-dealer that facilitates access to market-linked investment options for both protection and accumulation.[28] These solutions emphasize employer-sponsored retirement vehicles alongside individual products, prioritizing financial confidence in retirement planning.[41]Additional Financial Services
Securian Financial Group offers benefits administration outsourcing through its subsidiary Empyrean Benefit Solutions, which provides comprehensive management of employee health and welfare benefits programs using modern, client-adaptive technology platforms.[42] Founded in 2006 and acquired by Securian in 2019, Empyrean specializes in configurable HR technology that streamlines enrollment, compliance, and employee engagement, serving a diverse range of employers with outsourced administration services.[43] In 2023, Empyrean expanded its capabilities by acquiring Enspire, an employee communication and engagement platform, enhancing its offerings for interactive benefits experiences.[44] The company provides affinity solutions tailored to U.S. markets, overseen by a dedicated Senior Vice President to deliver specialized insurance and protection services to associations, financial institutions, and other affinity groups.[45] As of early 2025, David Seidel serves in this role, leading efforts to customize solutions that address the unique needs of these markets, including supplemental health insurance products launched in January 2025 for accident and critical illness coverage.[46] These services leverage Securian's distribution subsidiaries to ensure broad accessibility without overlapping core product details.[25] Through its subsidiary Allied Solutions, Securian delivers financial institution services focused on lending, compliance, and risk management tools for banks, credit unions, and finance companies across North America.[47] Established as a wholly owned entity, Allied Solutions serves over 6,000 clients with technology-based products that support insurance needs, loan origination, and regulatory compliance, helping institutions grow revenue while protecting operations.[48] Employee benefits consulting is provided via Ochs, Inc., a subsidiary specializing in customized plans for public sector employers since 1943.[49] Ochs acts as a brokerage and consulting firm, offering expertise in designing comprehensive employee benefit solutions, including voluntary benefits and group insurance, to meet the diverse requirements of governmental and educational organizations.[50] In October 2025, Securian formed a strategic partnership with Custodia Financial to enhance retirement loan protection services, combining Securian's insurance expertise with Custodia's loan management innovations to provide expanded protection for retirement plan participants.[51] This collaboration aims to broaden access to integrated financial safeguards in workplace benefits ecosystems.[52]Leadership and Governance
Board of Directors
The Board of Directors of Securian Financial Group, Inc., consists of values-driven business and community leaders who provide strategic oversight of the company's governance, policies, practices, operations, and risk management as a mutual organization dedicated to serving policyholder interests.[53][54] The board emphasizes diverse expertise across finance, insurance, healthcare, energy, agriculture, automotive, communications, accounting, and global leadership to guide long-term decision-making and ensure alignment with the company's mission.[26] As of March 31, 2025, the board comprises 11 members, including independent directors and the company's CEO, who collectively bring decades of executive experience from major corporations. Key members include:| Name | Role and Background |
|---|---|
| Mary K. Brainerd | Retired President and CEO of HealthPartners; expertise in healthcare leadership; serves as Audit Committee Chair.[26] |
| Jay D. Debertin | President and CEO of CHS Inc.; background in agriculture and cooperative management.[26] |
| Benjamin G. S. Fowke III | Retired Chairman and CEO of Xcel Energy Inc.; energy sector veteran; chairs the Human Resources and Compensation Committee.[26] |
| Sara H. Gavin | Retired Chief Client Officer of Weber Shandwick; communications and marketing specialist; chairs the Nominating and Governance Committee.[26] |
| Eric B. Goodman | Retired Chief Investment Officer of Aegon USA; finance and investment expert; chairs the Investment Committee.[26] |
| Christopher M. Hilger | Chairman, President, and CEO of Securian Financial Group; oversees internal financial services strategy.[26] |
| Darryl R. Jackson | Vice President of Financial Services and Fixed Operations at Hendrick Automotive Group; automotive finance leader.[26] |
| James P. Kolar | Retired Central Market Managing Partner at PwC; accounting and audit professional; joined in 2025.[55][26] |
| Trudy A. Rautio | Retired President and CEO of Carlson; global hospitality and travel executive.[26] |
| Susan M. Reibel | Retired CEO of John Hancock Retirement (Manulife Financial); retirement services specialist; joined in 2025.[55][26] |
| Elizabeth A. Simermeyer | Retired Executive Vice President and President of Global Healthcare, Life Sciences, and Hand Care at Ecolab; life sciences and healthcare innovator.[26] |
Senior Executive Team
Chris Hilger has served as Chairman, President, and Chief Executive Officer of Securian Financial Group since 2015, having been appointed President in 2012 and Chairman in 2017. In this role, he oversees the company's overall strategy and management across its insurance, investment, and retirement business lines, emphasizing collaborative leadership to drive financial performance and innovation. Under his guidance, Securian has focused on growth through strategic initiatives that enhance client solutions and operational efficiency.[56] The senior executive team includes several key executive vice presidents (EVPs) and senior vice presidents (SVPs) who manage core functions. Bob Ehren, EVP of Enterprise Capital and Risk Management, leads efforts in capital allocation, risk assessment, and financial stability strategies. Kristi Fox, EVP and Chief Administrative Officer, directs administrative operations, including human resources, corporate communications, and compliance. Sid Gandhi, EVP of Employee Benefits Solutions, oversees the development and delivery of group benefits products tailored to employer needs. Pete Berlute, appointed SVP and Chief Financial Officer in June 2025, manages finance, accounting, treasury, and corporate development, succeeding the prior CFO to ensure fiscal oversight and asset protection. Additional leaders include Darrin Hebert, SVP and Chief Information Officer, who handles IT infrastructure and digital transformation, and Renee Montz, SVP, General Counsel, and Corporate Secretary, responsible for legal affairs, regulatory compliance, and governance support.[57][58][59] Collectively, these executives oversee major divisions, including individual life insurance solutions, retirement and investment operations, and asset management services, ensuring alignment with Securian's mission to secure financial futures. In 2025, under this leadership, the company introduced product enhancements such as expanded reproductive health benefits in its group critical illness insurance and launched new accident and critical illness insurance offerings to broaden supplemental health coverage. Key partnerships formed this year include collaborations with Reclaim Health for automated claims processing in supplemental benefits and with Custodia Financial to integrate retirement loan protection programs, reflecting a commitment to innovative client support.[57][36][60][61][62]Financial Performance
Ratings and Financial Strength
Securian Financial Group has consistently received strong affirmations of its financial strength ratings from leading credit rating agencies, reflecting its robust capital position and excellent claims-paying ability. In December 2025, A.M. Best affirmed the company's Financial Strength Rating at A+ (Superior), the second highest of 16 possible ratings, with a stable outlook.[63] In November 2025, Fitch Ratings affirmed its Insurance Financial Strength rating at AA (Very Strong), the third highest of 19 ratings, also with a stable outlook.[64] In November 2025, Moody's Investors Service affirmed Aa3 (Excellent) with a stable outlook.[65] These ratings underscore Securian's strong balance sheet strength, driven by prudent risk management and favorable business profile.[66] The company has maintained an A or higher rating from A.M. Best for more than 75 consecutive years, including affirmations in 2023, 2024, 2025, and prior years, highlighting its long-term stability and operational excellence.[6] This enduring recognition is supported by a diversified portfolio of high-quality investments totaling $34.6 billion as of December 31, 2024, which bolsters the company's ability to underwrite nearly $1.8 trillion in insurance in force.[26] The investment strategy prioritizes quality and diversification, limiting exposure to volatile equities and lower-rated fixed income securities to ensure liquidity and mitigate market risks.[4] As a mutual holding company owned by its policyholders, Securian Financial benefits from a structure that aligns decisions with long-term policyholder interests, free from short-term pressures of public shareholders, enhancing resilience during economic downturns and market volatility.[4] This policyholder-focused governance, combined with strong capitalization, enables the company to navigate shocks effectively, as evidenced by its performance through various economic cycles.[54] Securian emphasizes rigorous asset-liability management (ALM) and comprehensive risk controls to maintain financial health, including geographic liability mapping, catastrophe stress testing, and adherence to documented investment policies that align assets with liabilities.[54] These practices ensure that fixed income investments and other assets comply with liability duration and quality standards, further contributing to the company's top-tier Comdex score of 96 as of February 2026.[6] Independent evaluations offer additional context on Securian Financial's market position and customer experience. In its December 2025 review, NerdWallet rated Securian Financial's life insurance offerings 4.5 out of 5 stars, commending the wide product selection—including term, universal, whole life, and hybrid long-term care policies—and fewer-than-expected regulatory complaints, while noting limited online information and the unavailability of direct online purchases. In the J.D. Power 2025 U.S. Individual Life Insurance Study, Securian ranked 17 out of 22 companies for customer satisfaction.[67]Key Metrics and Highlights
In 2024, Securian Financial Group reported GAAP revenue of $8.2 billion, reflecting a 2% increase from the prior year, while paying $5.5 billion in benefits to customers.[18][26] The company ranks as the 6th largest life insurance provider in the United States based on total life insurance business in force.[1] Securian Financial manages total investments of $34.6 billion, with life insurance in force reaching nearly $1.8 trillion, marking a 7% year-over-year rise.[26][18] Its customer base exceeds 23 million individuals and organizations across North America, supported by more than 5,500 employees.[1][26] The company demonstrated resilience during the COVID-19 pandemic, disbursing over $1.3 billion in related death benefits since March 2020, including significant payments in 2022.[68] In 2024, Securian achieved growth above life industry averages, driven by strong retention and sales in key markets.[18][69] Securian Financial holds the #464 position on the Fortune 500 list for 2025 (based on 2024 revenue), underscoring its scale among U.S. companies.[27] Over its more than 140-year history, the company has maintained consistent financial stability through economic challenges.[4][2]| Metric | Value (2024) |
|---|---|
| GAAP Revenue | $8.2 billion |
| Benefits Paid | $5.5 billion |
| Total Investments | $34.6 billion |
| Life Insurance in Force | Nearly $1.8 trillion |
| Customers | Over 23 million |
| Employees | More than 5,500 |
| Fortune 500 Rank | #464 |