Securian Financial

Securian Financial. It is a prominent mutual holding company providing a broad spectrum of financial security products and services across North America. Headquartered in Saint Paul, Minnesota, the organization operates through a network of subsidiaries and affiliated companies, serving millions of clients. Its core offerings include life insurance, retirement plan solutions, investment management, and annuities.

History

The company's origins trace back to 1880 with the founding of the Catholic Order of Foresters in Saint Paul, Minnesota, a fraternal benefit society providing life insurance to its members. This entity later evolved into the Minnesota Mutual Life Insurance Company, which became a significant provider of individual life insurance and group insurance throughout the 20th century. A pivotal expansion occurred in 2001 with the acquisition of the Minnesota Life Insurance Company, significantly broadening its group benefits and retirement plan capabilities. The corporate rebranding to Securian Financial in 2004 marked a strategic shift to reflect its diversified portfolio beyond traditional insurance into comprehensive financial services, operating subsidiaries like Securian Life Insurance Company and Minnesota Life Insurance Company.

Products and services

The organization's portfolio is segmented into several key business lines, primarily focused on financial protection and wealth accumulation. Its individual life insurance offerings include term life insurance, universal life insurance, and whole life insurance policies. In the group benefits arena, it provides group life insurance, disability insurance, dental insurance, and accident insurance to employers through Minnesota Life Insurance Company. The retirement plans division administers 401(k) plans, 403(b) plans, 457 plans, and pension risk transfer solutions for institutions. Furthermore, it offers a suite of annuities, including fixed annuities and indexed annuities, alongside investment management services through affiliated entities like Advocate Capital Management.

Corporate structure

Securian Financial operates as a mutual holding company, owned by its policyholders rather than shareholders. Its primary insurance subsidiaries are Securian Life Insurance Company and Minnesota Life Insurance Company, which are licensed in all 50 U.S. states, the District of Columbia, and Canada. Other key affiliates include Securian Financial Group, Inc., which oversees non-insurance operations, and Securian Asset Management, Inc., responsible for investment activities. The company maintains its global headquarters in Saint Paul, Minnesota, with major operational hubs in other locations such as Eagan, Minnesota, and maintains a significant presence in the financial districts of New York City and London.

Financial performance

As a mutual company, Securian Financial does not trade on public exchanges like the New York Stock Exchange and does not report quarterly earnings in the same manner as publicly traded corporations such as MetLife or Prudential Financial. Its financial strength is instead evaluated by major credit rating agencies including AM Best, Standard & Poor's, and Moody's Investors Service, which consistently assign it high ratings for claims-paying ability and financial stability. The company manages a substantial portfolio of general account assets and reported statutory assets exceeding $1 trillion under management through its affiliated companies, reflecting its scale alongside peers like Northwestern Mutual and MassMutual.

Corporate social responsibility

The organization demonstrates a strong commitment to corporate social responsibility through the Securian Financial Foundation, which directs philanthropic efforts toward community development, education, and health and wellness initiatives primarily in the Minneapolis–Saint Paul metropolitan area. It is a consistent supporter of organizations like the United Way and the Saint Paul & Minnesota Foundation. Furthermore, the company emphasizes environmental sustainability in its operations, holding recognition from the Environmental Protection Agency for its energy-efficient headquarters, and promotes diversity, equity, and inclusion through partnerships with groups such as the National Association of Insurance and Financial Advisors and internal employee resource groups.

Category:Financial services companies of the United States Category:Companies based in Saint Paul, Minnesota Category:Insurance companies of the United States