Fitch Ratings affirmed the insurance financial strength rating for Securian Financial at AA (Very Strong) and maintained our "Stable" outlook.
The AA (Very Strong) rating is Fitch’s third highest of 19 ratings. The rating and outlook apply to Securian Financial subsidiaries Minnesota Life Insurance Company and Securian Life Insurance Company.
Fitch considers our extremely strong capitalization to be a "fundamental strength and a highly- weighted element of our rating." Fitch also cited our business profile reflecting balanced and diversified sources of revenue that serve to moderate earnings volatility, diverse distribution channels and strong technology-based service platform as reasons for the affirmation.
Fitch’s affirmation of our ratings and outlook reflects how Securian Financial’s historical approach to smart growth and strong enterprise risk management keeps our company well-positioned to manage through uncertainty.
For more information, read the news release from Fitch Ratings.