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One of largest US life insurers1 achieves coverage milestone after 134 years in business
ST. PAUL, Minn.--(BUSINESS WIRE)--The new year marked an achievement for Securian Financial Group that would have seemed impossible to its founders in 1880.
As of January 1, Securian and its affiliates have $1 trillion of insurance coverage in force.
“That number represents Securian’s pledge to protect the millions of people who rely on our products to provide financial security now and in the future,” said Bob Senkler, chairman and CEO. “Our financial strength and service culture give Securian the staying power our customers need and expect.”
Securian’s service culture extends to both its customers and its community. Customer retention rates are consistently very high and community commitment is a core value.
Senkler said 2013 was a record-breaking year for many of Securian’s businesses. The company will share those numbers after completion of its annual audit in March. 2012 results are available here.
Securian Financial Group is broadly-diversified with more than 5,000 associates nationwide. It provides institutional asset management, employee benefits, products and services for financial institutions and personal financial services through several networks of brokers and career advisors. Securian’s insurance company affiliates are highly rated by the four independent rating organizations that analyze financial strength and claims-paying history.
Securian’s million-square-foot campus in downtown St. Paul is located only a few blocks from the site where it was founded.
1 “U.S. Life/Health – 2012 Total Life Issued,” A.M. Best, August 2013
Insurance products are issued by Minnesota Life Insurance Company in all states except New York. In New York, products are issued by Securian Life Insurance Company, a New York admitted insurer. Both companies are headquartered in Saint Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.
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