Securian Financial has been protecting families for more than 140 years. As our company has grown and evolved, we’ve never lost sight of those who depend on us.
Our history
1880
Our founding
Russell Dorr founds the Bankers Association of Minnesota on August 6, the first life insurance company in Minnesota.
1901
We restructure into a mutual life insurance company and adopt a new name — Minnesota Mutual Life Insurance Company — that we keep for almost a century.
1917
Minnesota Mutual Life issues its first group life insurance policy. Mrs. A. J. Serviss of the Twin City Agency becomes the first woman to join the ranks of our top sales producers after selling the policy.
1930
Minnesota Mutual Life develops its first pension plan.
1956
We make our first serious investment in technology when we order our first computer system, which occupied 1,000 square feet of space within our new headquarters at 345 Cedar Street.
1959
We begin offering low cost loan protection through savings and loan associations, laying the foundation for the broad array of products and services we provide the credit union market today.
1971
We introduce the first flexible life insurance policy — Adjustable Life — a single policy that can be adjusted to meet financial needs throughout all stages of life.
1984
We create an asset management subsidiary and establish our broker-dealer, Securian Financial Services, Inc.
We begin providing 401(k) plans, the fastest growing employee benefit in the country at the time.
1988
Variable life and annuity product launches offer a range of investment options, placing us at the forefront of the variable product revolution.
1994
Bob Senkler begins his successful 20-year run as CEO.
Minnesota Mutual develops its Variable Group Universal Life (VGUL) product, offering investment flexibility previously unavailable in group plans.
1998
We adopt a mutual holding company structure and the Minnesota Life brand.
We launch our first transactional website, LifeBenefits.com, to streamline and simplify enrollment for group insurance products in the large employer market.
2001
We introduce the Securian brand.
2004
Securian acquires Allied Solutions, one of the largest distributors of products in the credit union market, and significantly broadens our market presence and product offerings.
2014
Securian acquires a majority stake in Asset Allocation & Management Company (AAM), more than tripling the assets we manage for outside insurance companies.
Insurance in force surpasses $1 trillion.
2015
Chris Hilger becomes CEO.
2017
Securian expands into Canada through the acquisition of Canadian Premier Life Insurance Company and its affiliates, Legacy General Insurance Company, CRI Canada and Selient.
2019
Acquired Empyrean Benefit Solutions, a benefits administration and technology company, to expand our offerings in the employee benefits market.
1. 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. Assets under management includes an acquired majority interest in Asset Allocation & Management Company (AAM), a Securian Financial affiliate.
DOFU 5-2020
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