Securian Financial Group, Inc.
St. Paul mutual insurance holding company behind Minnesota Life and Allied Solutions, with a record $8.2 billion operating revenue in 2025.
Company Type
private
Founded
1880
Headquarters
St. Paul, Minnesota, USA
Revenue
Record $8.2 billion operating revenue, $8.7 billion GAAP (2025)
Employees
Approximately 6,000
Primary Market
United States
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.
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.
History of Securian Financial Group, Inc.
Russell Dorr founded the Bankers Association in St. Paul in 1880, offering credit life protection to bank customers, an early form of group insurance. The organization grew through the 20th century into Minnesota Mutual Life and then Minnesota Life Insurance Company.
The Securian name was adopted for the holding company, and the group expanded beyond life insurance into annuities, retirement plan services, and credit-related products. Allied Solutions, acquired in 2010, added a major distribution arm for financial institution clients.
Chris Hilger has led as chairman, president, and CEO since 2015, steering the group toward employer benefits, institutional retirement, and pension risk transfer as growth engines while maintaining mutual ownership.
Securian Financial Group, Inc. Sustainability & Ethics
The company reports on community investment exceeding $10 million annually for three consecutive years, plus workplace and sustainability commitments consistent with its mutual charter.
Brands Owned by Securian Financial Group, Inc.
Securian Financial Group, Inc. owns 2 brands in our database. Explore the ownership tree below — click categories to expand and see individual brands.
Securian Financial Group, Inc.
private · Founded 1880 · St. Paul, Minnesota, USA
2
brands
Securian Financial Group, Inc. Ownership: Pros & Cons
Advantages
- +Mutual structure enables long-term capital discipline
- +Record revenue, earnings, and PRT sales in 2025
- +Diversified across benefits, retirement, and credit products
- +Strong capital position at flagship carrier
Considerations
- -Group benefits tied to employment levels
- -Annuity and PRT results sensitive to interest rates and spreads
- -No public market valuation benchmark for performance
Frequently Asked Questions 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.
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.
Sources & Further Reading
Jobs at Securian Financial Group, Inc.
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