Feb. 09--Securian Financial Group on Tuesday reported that its profits dipped 2 percent last year to $273 million on revenue of $4.2 billion.
The St. Paul-based insurer and financial services firm set a company record in 2014 with earnings of $279 million.
"Securian had another very strong year," CEO Chris Hilger said in a news release. "Through solid performances by our diverse businesses and outstanding client retention, we delivered smart growth and built capabilities for the future while maintaining our financial strength."
Securian's assets under management in 2015 increased 2 percent to $64.4 billion, and its annuity sales to individuals and employers increased 10 percent to $1.6 billion, according to the release. The company's insurance sales were in line with its 2014 numbers at $1.1 billion, while insurance in force increased 7 percent to $1.15 trillion.
Securian's top-line revenue was up 9 percent over 2014.
"Most importantly, we fulfilled our ultimate purpose through the benefits paid to individuals, families and businesses when they needed them most," Hilger said. "In 2015, we paid more than $4.6 billion in benefits -- providing financial security to the almost 16 million customers who count on us."
This was Hilger's first year as Securian's chief executive, after taking over for longtime CEO Robert Senkler in January 2015.
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