Major Rating Factors:
Good Liquidity (6.4 on a scale of 0 to 10) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair overall results on stability tests (4.9) including fair financial strength of affiliated Securian Financial Group. Weak profitability (2.8) with operating losses during 2022.
Other Rating Factors:
Strong capitalization (8.9) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (7.3).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Group life (36.5%), group annuities (36.2%), group health (16.6%), credit health (0.7%), credit life (0.5%), ind annuities (0.4%), other (9.0%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
Securian Financial Group
Investment Rating
--
Company Address
400 ROBERT STREET NORTH
ST. PAUL, MN 55101
ST. PAUL, MN 55101
Phone Number
(651) 665-3500
NAIC Number
93742
Website
Largest Affiliates