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S&P maintains Securian Financial's AA- rating and stable outlook

Excellent capital position, exceptional liquidity and diverse product profile cited

On May 22, 2023, S&P published a Research Update on Securian Financial, affirming our insurance financial strength rating of AA- (Very Strong) and our Stable outlook.

The AA- (Very Strong) rating is S&P’s fourth highest of 21 ratings. The rating and outlook apply to Securian Financial subsidiaries Minnesota Life Insurance Company and Securian Life Insurance Company.

S&P cites our excellent capital position, exceptional liquidity, diversified product profile, solid position in core markets and well-diversified investment portfolio as the major reasons for affirming our ratings and outlook.

Our strong industry ratings reflect our historical approach to smart growth and strong enterprise risk management.

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 7-2023