Who Owns Securian Financial?
Securian Financial is the corporate brand of Securian Financial Group, Inc., a mutual insurance holding company headquartered in St. Paul, Minnesota. Founded in 1880, the brand covers group benefits, individual life, annuities, and retirement services generating a record $8.2 billion in 2025 operating revenue. As a mutual, it is owned by policyholders rather than shareholders.
Parent Company
Founded
1880
Status
Private
Headquarters
United StatesOfficial Website
Who Owns Securian Financial?
- Parent Company: Securian Financial Group, Inc.
- Ownership Type: Brand division
- Company Type: Privately Held
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Securian Financial | Securian Financial Group, Inc. | Brand division |
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History of Securian Financial
- Founded: 1880
- Founders: Russell H. Dorr
The brand traces to 1880, when Russell Dorr founded the Bankers Association in St. Paul to sell credit protection. It evolved through Minnesota Mutual Life into today's group, with the Securian Financial name now covering benefits, retirement, and credit products.
2025 delivered record results: $8.2 billion operating revenue and $362 million core earnings, with record pension risk transfer 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 Securian Financial Made / Based?
- Headquarters: St. Paul, Minnesota, USA
Securian Financial Categories & Tags
Brands Owned by Securian Financial Group, Inc.
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Securian Financial Ownership: Pros & Cons
Advantages
- +Mutual structure frees long-term decisions from quarterly pressure
- +Record revenue and earnings momentum
- +Diversified benefits and retirement businesses
Considerations
- -Lower public visibility than stock insurers
- -Employment-linked group benefits exposure
- -Rate sensitivity in annuity lines
Frequently Asked Questions About Securian Financial
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Sources & Further Reading
Competitors to Securian Financial
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 |
|---|---|---|---|---|---|---|
| Lincoln Financial | USA | 1905 | Mass market | United states | All Genders | |
| Mutual Of Omaha | USA | 1909 | Mass market | United states | All Genders | |
| Prudential Financial | USA | 1875 | 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 |
Learn More About Competitors
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
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
InsurancePrudential
Owned by Prudential Financial, Inc.
Prudential is the flagship life insurance, annuity, and retirement brand of Prudential Financial, Inc., a Newark-based company managing about $1.6 trillion in assets.
life-insuranceannuitiesretirement
InsuranceMinnesota Life
Owned by Securian Financial Group, Inc.
The flagship insurance carrier of Securian Financial Group, founded in 1880 in St. Paul and backing the group's life and annuity 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
Competitive Analysis
Market Positioning: Securian Financial 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 Securian Financial
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.
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.
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.
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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