Moody's Investors Service (Moody's) affirmed our insurance financial strength rating of Aa3 (Excellent) and our Stable outlook.
The rating and outlook apply to Securian Financial subsidiaries Minnesota Life Insurance Company and Securian Life Insurance Company.
Moody's ratings reflect our “high-quality bond portfolio, outstanding capitalization - which is strong even under a stress scenario - and its well-managed diversified distribution channels” as the main drivers of the rating. It also mentions that we have a “liability profile that is lower risk than many peers, with minimal exposure to higher risk products.”
Our strong industry ratings reflect how our historical approach to smart growth and strong enterprise risk management keeps Securian well-positioned in the industry. Moody's also cited our “diversified earnings profile has several distinct businesses, each of which have provided consistent earnings over a long period of time”.
