S&P published a Research Update on Securian Financial, affirming our insurance financial strength rating of AA- (Very Strong) and our Stable outlook.
The AA- (Very Strong) rating is S&P's fourth highest of 21 ratings. The rating and outlook apply to Securian Financial subsidiaries Minnesota Life Insurance Company and Securian Life Insurance Company.
S&P cites our strong competitive positions benefits from the strength of its diversified products, which are spread across key markets: employers and employees, financial institutions and associations, and individuals and families. S&P also noted our disciplined capital management approach, excellent capital and earnings as the major reasons for affirming our ratings and outlook.
