Who Owns Minnesota Life?
Minnesota Life Insurance Company is owned by Securian Financial Group, Inc., a mutual insurance holding company headquartered in St. Paul, Minnesota. Founded in 1880, it is the group's flagship carrier, issuing the life insurance, annuities, and group benefits behind most of Securian's business, with capital and surplus near $3.6 billion at year-end 2025.
Parent Company
Founded
1880
Status
Private
Headquarters
United StatesOfficial Website
Who Owns Minnesota Life?
- Parent Company: Securian Financial Group, Inc.
- Ownership Type: Wholly owned
- Company Type: Privately Held
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Minnesota Life | Securian Financial Group, Inc. | Wholly owned |
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History of Minnesota Life
- Founded: 1880
- Founders: Russell H. Dorr
The company began in 1880 as the Bankers Association in St. Paul, pioneering credit life insurance for bank customers. It reorganized into Minnesota Mutual Life and later Minnesota Life Insurance Company, becoming one of the Midwest's largest life insurers.
Today it carries the group's flagship obligations: group benefits for employers, individual life and annuity policies, and the pension risk transfer business that drove record 2025 sales.
About Securian Financial Group, Inc.
Is Securian Financial publicly traded?
No. It is a mutual holding company owned by policyholders.
Who owns Securian Financial?
Its policyholders, through the mutual structure.
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Who is the CEO of Securian Financial?
Chris Hilger, chairman, president, and CEO since 2015.
What is Minnesota Life?
Securian Financial's flagship insurance subsidiary, founded in 1880.
- Founded: 1880
- Headquarters: St. Paul, Minnesota, USA
- Company Type: Privately Held
- Revenue: Record $8.2 billion operating revenue, $8.7 billion GAAP (2025)
- Employees: Approximately 6,000
Where Is Minnesota Life Made / Based?
- Headquarters: St. Paul, Minnesota, USA
Minnesota Life Categories & Tags
Brands Owned by Securian Financial Group, Inc.
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Minnesota Life Ownership: Pros & Cons
Advantages
- +$3.6 billion capital and surplus foundation
- +Mutual structure with no shareholder dividend drain
- +145 years of continuous operation
Considerations
- -Low name recognition next to the Securian brand
- -Group business concentration in workplace benefits
- -Rate sensitivity in annuity obligations
Frequently Asked Questions About Minnesota Life
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Sources & Further Reading
Competitors to Minnesota Life
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Mutual Of Omaha | USA | 1909 | Mass market | United states | All Genders | |
| Securian Financial | USA | 1880 | Mass market | United states | All Genders | |
| Apollo Global Management | USA | 2009 | Mass market | United states | All Genders | |
| Cincinnati Financial | USA | 1950 | Mass market | United states | All Genders | |
| Corebridge Financial | USA | 2022 | Mass market | United states | All Genders | |
| Equitable Holdings | USA | 1859 | Mass market | United states | All Genders |
Learn More About Competitors
InsuranceMutual of Omaha
Owned by Mutual of Omaha Insurance Company
Policyholder-owned American insurance brand founded in 1909, best known for Medicare Supplement plans and the Mutual of Omaha's Wild Kingdom television franchise.
insurancemedicare-supplementlife-insurance
InsuranceSecurian Financial
Owned by Securian Financial Group, Inc.
The corporate brand of Securian Financial Group, the St. Paul mutual insurer behind Minnesota Life and workplace benefits businesses.
insurancelife-insuranceannuities
InsuranceAthene
Owned by Apollo Global Management, Inc.
American retirement services and annuity provider founded in 2009, merged with Apollo Global Management in 2022 and operating as its Retirement Services segment.
insuranceannuitiesretirement
InsuranceCincinnati Life
Owned by Cincinnati Financial Corporation
The Cincinnati Life Insurance Company, Cincinnati Financial's life insurance and fixed annuity subsidiary sold through the same independent agent network.
life-insuranceannuitiesindependent-agents
Finance FintechCorebridge
Owned by Corebridge Financial, Inc.
Retirement and life insurance brand of Corebridge Financial, offering annuities, retirement plans, and life products through AGL, VALIC, and USL.
annuitiesretirementlife-insurance
InsuranceEquitable
Owned by Equitable Holdings, Inc.
Flagship retirement, life insurance, and wealth management brand of Equitable Holdings, tracing its roots to an 1859 New York life insurer.
life-insuranceannuitiesretirement
Competitive Analysis
Market Positioning: Minnesota Life competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to Minnesota Life
Looking for brands with different ownership structures? These similar brands are not owned by Securian Financial Group, Inc., giving you alternative choices that support different corporate structures.
InsuranceMutual of Omaha
Owned by Mutual of Omaha Insurance Company
Policyholder-owned American insurance brand founded in 1909, best known for Medicare Supplement plans and the Mutual of Omaha's Wild Kingdom television franchise.
insurancemedicare-supplementlife-insurance
Privately Owned
Mutual of Omaha operates independently without a large parent corporation.
InsuranceLincoln Financial
Owned by Lincoln National Corporation
Master brand of Lincoln National Corporation, the life insurance and retirement company founded in 1905 and headquartered in Radnor, Pennsylvania.
life-insuranceannuitiesretirement
Publicly Traded
Lincoln Financial operates independently without a large parent corporation.
InsuranceMassMutual
Owned by Massachusetts Mutual Life Insurance Company (MassMutual)
Life insurance, annuity, and wealth management brand of Massachusetts Mutual Life Insurance Company, a mutual insurer founded in 1851 and headquartered in Springfield, Massachusetts.
life-insuranceannuitieswealth-management
Privately Owned
MassMutual operates independently without a large parent corporation.
InsuranceMetLife
Owned by MetLife, Inc.
MetLife is the flagship insurance and employee benefits brand of MetLife, Inc., the largest U.S. life insurer, serving roughly 100 million customers in more than 40 markets.
life-insuranceemployee-benefitsdental
Publicly Traded
MetLife operates independently without a large parent corporation.
InsuranceNew York Life
Owned by New York Life Insurance Company
America's largest mutual life insurance brand, offering life insurance, annuities, and retirement income through a career agency force. Flagship of New York Life Insurance Company.
life-insuranceannuitiesmutual-insurance
Privately Owned
New York Life operates independently without a large parent corporation.
InsuranceNorthwestern Mutual
Owned by The Northwestern Mutual Life Insurance Company
American life insurance and financial planning brand owned by policyowners through The Northwestern Mutual Life Insurance Company, the largest direct provider of individual life insurance in the United States.
life-insurancefinancial-planningmutual-insurance
Privately Owned
Northwestern Mutual operates independently without a large parent corporation.
Jobs at Securian Financial Group, Inc.
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