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Fitch Ratings affirms Securian Financial's AA rating and stable outlook

On December 7, 2022, Fitch Ratings affirmed the insurance financial strength rating for Securian Financial at AA (Very Strong) and maintained our “Stable” outlook.

The AA (Very Strong) rating is Fitch’s third highest of 19 ratings. The rating and outlook apply to Securian Financial subsidiaries Minnesota Life Insurance Company and Securian Life Insurance Company.  

Fitch considers our extremely strong capitalization to be a “fundamental strength and a highly weighted element of our rating.” Fitch also cited our diverse distribution channels, very strong investment and asset risk profile, and industry-leading retention levels as reasons for the affirmation.

Fitch’s affirmation of our ratings and outlook reflects how Securian Financial’s historical approach to smart growth and strong enterprise risk management keeps our company well-positioned to manage through uncertainty.

For more information, read the news release from Fitch Ratings.

For more information about the rating agencies and to see where our ratings rank compared to other ratings, visit our ratings information. 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.

DOFU 1-2023