We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (21,225)
  • Industry Conferences (2)
  • Industry Job Openings (35)
  • Moore on the Market (420)
  • Negative Media (144)
  • Positive Media (73)
  • Sheryl's Articles (803)
  • Wink's Articles (354)
  • Wink's Inside Story (275)
  • Wink's Press Releases (123)
  • Blog Archives

  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • September 2008
  • May 2008
  • February 2008
  • August 2006
  • Securian Financial Reports Strong 2023 Results

    March 6, 2024 by Securian Financial

    ST. PAUL, Minn.–(BUSINESS WIRE)–Securian Financial increased revenue and earnings significantly in 2023 while furthering its growth plans and again being there for customers and the community, the insurance and retirement solutions provider announced at its recent annual employee meeting.

    “In 2023, we generated strong financial results and took bold steps to position the company for continued success in our chosen markets,” said Chris Hilger, Securian Financial’s chairman, president and CEO. “At the same time, we fulfilled our purpose of building secure tomorrows by providing $5.4 billion in benefits to policyholders1 and making substantial investments in the community.”

    Key financial metrics

    • Insurance sales—including group life insurance, individual life insurance and insurance products sold through financial institutions and affinity organizations—were $666 million, up nearly 6% over 2022. Sales of retirement products, including individual annuities and pension risk transfers, were just under $2 billion, growing nearly 7% year-over-year, with pension risk transfer sales breaking a company record.
    • GAAP revenue was more than $8 billion2, an increase of nearly 31%, reflecting strong overall sales, excellent retention in all businesses and impacts from recent business portfolio moves. Operating revenue was nearly $7.4 billion, increasing more than 12%. Operating revenue is Securian Financial’s primary revenue metric and reflects ongoing growth in the company’s core businesses while excluding certain non-recurring revenue.
    • GAAP operating earnings were $310 million, up 27% compared to 2022, due to the business portfolio move proceeds, favorable mortality and strong subsidiary earnings. Net income was also strong at $227 million.
    • Insurance in force—the financial protection Securian Financial provides to its customers—was over $1.6 trillion, rising more than 7%.
    • Capital remained strong at $3.3 billion, in alignment with company targets.

    Company highlights

    Community initiatives

    Contributions to the community from the Securian Financial Foundation, in-kind donations, employee volunteerism and other cash gifts totaled $10.8 million. Highlights included a $1 million donation to the Minnesota State Housing Tax Credit Contribution Program, which funds affordable housing projects throughout Minnesota, and being one of the first corporate sponsors for the GroundBreak Coalition, a partnership of more than 40 corporate, civic and philanthropic leaders committed to building Black wealth in the Twin Cities. Securian Financial employees volunteered more than 24,000 hours in the community on activities ranging from preparing nourishing meals for critically ill Minnesotans to service on more than 130 nonprofit boards.

    Profit sharing

    For the 50th consecutive year, Securian Financial is making a profit-sharing contribution to eligible employees’ retirement accounts. This year’s company contribution is 6.4% of annual salary. Securian Financial also maintains a fully funded, 100% employer-paid pension plan, with employees vested in the pension after five years of service.

    Per its usual annual cycle, Securian Financial expects to release its 2023 Annual Report—with audited GAAP financial information—in April.

    About Securian Financial

    To be confident in your financial future, you need to trust the strength and commitment of the companies you choose to work with. For more than 140 years, the Securian Financial family of companies has been developing innovative insurance and retirement solutions to meet the evolving needs of individuals, families and businesses. Offered through partnerships with employers, financial professionals and affinity groups, our products help bring peace of mind to more than 23 million customers throughout the United States and Canada. We are trusted by our partners and customers to fulfill our purpose of helping to build secure tomorrows. For more information about Securian Financial, visit securian.com or follow us on FacebookInstagram or LinkedIn.

    1. Reflects total GAAP policyholder benefits and interest credited to policies and contracts.

    2. Revenue includes premiums and policy fee income, net investment income, realized gain/loss and other income.

    3. Ratings are assigned to the following Securian Financial Group member companies: Minnesota Life Insurance Company and Securian Life Insurance Company. To learn more about Securian Financial’s strength and ratings, visit securian.com/ratings.

    Securian Financial is the marketing name for Securian Financial Group, Inc., and its subsidiaries. Insurance products are issued by its subsidiary insurance companies, including Minnesota Life Insurance Company and Securian Life Insurance Company, a New York authorized insurer. Variable insurance products are distributed by Securian Financial Services, Inc., member FINRA.

    DOFU 2-2024

    3416287

    Contacts

    Securian Financial
    Jeff Bakken, Media Relations
    651-665-7558
    jeff.bakken@securian.com

    Originally Posted at Business Wire on February 29, 2024 by Securian Financial.

    Categories: Industry Articles
    currency