Securian Financial Group, Inc. started business in 1880 in downtown St. Paul, MN as Banker's Life Association. Over the decades, the company changed its identity four times and grew to serve nine million individuals in all 50 states and Puerto Rico. The company headquarters remain in downtown St. Paul, where it never strayed more than a few blocks from its original location.
Securian competes in several niche markets in the financial services industry and operates five strategic business units:
The large employer (Fortune 1000) group life insurance market, which is served by our fastest-growing business unit, Minnesota Life Group Insurance. Minnesota Life grew from the sixteenth largest group life insurer in the nation in 1997 to the fourth largest today. The company pioneered the group life business in the early 1900s.
The small employer retirement plan market. In 1999, Securian Retirement was the first to provide web-based retirement plan services for employers and employees. The business unit has won many industry awards for its efforts to make it easier for workers to use and derive full benefit from their retirement plans.
The individual market is served by our Individual Financial Security business unit and the 1,500-member Securian Financial Network, composed of financial advisors across the U.S. Members of the Securian Financial Network also market personal trust services provided by Securian Trust Company.
Securian Financial Services, Inc., the broker-dealer affiliate of Securian Financial Group, provides financial planning services and investment products through the Securian Financial Network. Securians broker-dealer partners with Pershing LLC, the world's largest provider of investment clearing and custody services.
The fixed income institutional asset management market, which is served by a wholly-owned subsidiary, Advantus Capital Management. Advantus also manages Securian's general account. Advantus currently has more than $16 billion in assets under management.
The financial institutions market is served by the Securian Financial Institution Group, headquartered in Saint Paul, and Allied Solutions, LLC, in Indianapolis, Indiana, which is a wholly-owned, independently-operated subsidiary of Securian. Allied Solutions distributes products and services manufactured by Securian and other providers.
Securian employs 2,400 people in Minnesota and 3,500 people nationwide. It owns and operates more than 1,000,000 gross s.f. of real estate, making it one of the largest private property owners in downtown St. Paul.
A.M. Best — A+ (Superior). The second highest of 16 ratings.
Fitch — AA (Very Strong). Third highest of 19 ratings.
Standard & Poor's — AA- (Very Strong). Fourth highest of 21 ratings.
Moody's Investors Services — Aa3 (Excellent). Fourth highest of 21 ratings.
Minnesota Life is highly rated by the major independent rating agencies that analyze the financial soundness and claims-paying ability of insurance companies. For more information about the rating agencies and to see where Minnesota Life's ratings rank relative to other ratings, please see our web site at www.minnesotalife.com/about/financials.asp
