Skip to main content
Securian Financial Home

Financial strength you can count on

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

Throughout our 140-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.

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.

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

At the end of 2022, Securian Financial's capital was at the highest S&P Global Ratings level (AAA).1 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.

  2022 2021 2020
Statutory capital and surplus2 $3.28B $3.4B $3.4B
Total GAAP equity3 $3.4B $6.9B $6.8B

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 General Account, 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 risky investments — allowing us to provide long-term value for customers.

At the end of 2022, equities comprised less than 2 percent of Securian Financial's overall investment holdings and about 2 percent of the Minnesota Life General Account holdings.

  2022 2021 2020
General Account total invested assets $29.6B $32.1B $29.3B

Building secure tomorrows

While periods of economic turmoil can bring about worry and anxiety, our recognized financial strength, experienced leadership and a long history of stability are reasons to be confident. We’re here to serve you today, and will continue to be here — helping you build secure tomorrows.

High financial strength ratings

Recognized for financial strength and claims paying abilities, Securian Financial Is among the most highly rated insurance company groups in the United States.4

View our ratings

Strong, experienced leadership

With an average of 20 years at the company, our experienced management team has guided our company through both prosperous and challenging times.

Meet our leadership

A history of perseverance

Securian Financial has been serving families for more than 140 years. Through all kinds of economic conditions, we’ve never lost sight of those who depend on us.

Explore our history

1. S&P Global Ratings for Securian Financial Group Inc., May 22, 2023.

2. Statutory figures are presented for Minnesota Life Insurance Company.

3. Equity represents total Securian Financial Group, Inc. and subsidiaries equity.

4. Securian Financial’s insurance company subsidiaries, Minnesota Life Insurance Company and Securian Life Insurance Company, a New York authorized insurer, receive high ratings from independent rating agencies that analyze the financial soundness and claims-paying ability of insurance companies.

All data as of December 31, 2022, unless otherwise noted.

Securian Financial Group, Inc. is the parent corporation of Minnesota Life Insurance Company and Securian Life Insurance Company, a New York authorized insurer. Certain financial highlights are presented at the parent level only.

DOFU 11-2023