Securian Financial is a mutual insurance holding company headquartered in St. Paul, Minnesota, offering insurance and retirement solutions to more than 23 million customers.

At Securian Financial, we help our customers and their families build secure tomorrows.

Throughout our 145-year history, we have persevered through world wars, the Great Depression, the events of September 11, 2001, the recession of 2008-2009, COVID-19 pandemic, and countless other periods of market volatility and sustained economic downturn.

During these times, two constants have remained true: our ability to face whatever economic conditions come our way and our unwavering commitment to deliver on the promises we make. We will be here when you need us.

Is Securian Financial financially stable? Yes, Securian Financial is financially stable, with ratings affirmed by all four major rating agencies citing "excellent" or "very strong" capital positions.

Key facts at a glance

• 145+ years in business
• $3.5B capital and surplus (2025)
• $38.8B total invested assets (2025)
• Nearly $1.7 trillion insurance in force
• Financial strength ratings: A.M. Best A+ (Superior), Fitch AA (Very Strong), Moody's Aa3 (Excellent), S&P AA-

Mutual governance

As a mutual holding company, Securian Financial is not publicly traded. This structure allows us to focus on the long-term financial security of our customers rather than short-term shareholder returns.

Managing for the long term

We take a long-term approach to our business and have purposefully built a uniquely diversified company. Our historical approach to smart growth and strong risk management positions us well to manage through market uncertainty.

Outstanding capital strength

During 2025, all four major rating agencies—A.M. Best, Fitch, Moody's, and S&P—affirmed our financial strength ratings and cited our capital position as either "excellent" or "very strong" as noted in the financial strength ratings:

• A.M. Best: A+ (Superior) — the second highest of 16 possible ratings
• Fitch: AA (Very Strong)
• Moody's: Aa3 (Excellent)
• S&P: AA-

This capital strength, excellent asset-liability management and strong balance sheet enable us to weather economic shocks and market volatility from a strong financial position. More detailed information is available in our financial statements.

Ratings for financial strength and claims-paying ability are important; however they are not reflective of the performance of any registered securities or variable subaccounts. All ratings information as of December 31, 2025. Securian Financial Group, Inc., is a part of an insurance company holding group. These ratings are assigned to the following Securian Financial Group member companies: Minnesota Life Insurance Company and Securian Life Insurance Company.

High-quality, stable investments

We have an unrelenting focus on maintaining the quality of our assets in our well-diversified investment portfolio — including the Minnesota Life Insurance Company and Securian Life Insurance Company, which funds our general operations, insurance claim payments and the interest and principal guarantees of our products.

Our investment strategy emphasizes quality, diversification, and competitive return while limiting our exposure to equity markets and lower quality, higher risk investments — allowing us to provide long-term value for customers.

Frequently asked questions

What type of company is Securian Financial?

Securian Financial is a mutual insurance holding company offering life insurance, retirement plans, and investment products.

What are Securian Financial's current ratings?

Securian Financial holds ratings of A+ (Superior) from A.M. Best, AA (Very Strong) from Fitch, Aa3 (Excellent) from Moody's, and AA- from S&P, all affirmed in 2025.

Is Securian Financial publicly traded?

No, Securian Financial is not publicly traded. As a mutual holding company, the company focuses on long-term customer financial security rather than short-term shareholder returns.

How long has Securian Financial been in business?

Securian Financial has been in business for more than 145 years.