Securian Produces Strong Financial Results in 2017
Financial services company pays record amount of benefits to customers—$5.3 billion—while increasing earnings 28 percent
“Every year is unique, but 2017 stands out as a year in which we were able to produce strong financial results while paying the highest amount ever in benefits to our customers,” said
Performance on key metrics
- Top-line revenue increased 4 percent to
$5.1 billion . - Assets under management increased 11 percent to
$78.6 billion . - Insurance sales increased 7 percent to
$1 billion . - Insurance in force—the financial protection
Securian provides to its customers—stayed steady at nearly$1.2 trillion . - Annuity sales, which include annuities sold to individuals and retirement plans sold to employers, increased 29 percent to
$2.6 billion . - Domestic statutory capital increased 2 percent to
$3.3 billion , a level considered “AAA” by rating agencies. - Earnings were
$259 million , up 28 percent over 2016 due to business growth, operating efficiencies, improved mortality results and strong equity markets.1
Enterprise highlights
- All four major rating agencies affirmed Securian’s high ratings citing the company’s diverse business profile, strong operating results, high levels of capital and clarity of strategic priorities.2
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Securian completed the purchase ofCanadian Premier Life Insurance Company and affiliates in 2017 to further its leadership position in the North American financial institution insurance market. The acquisition is the largest in Securian’s history and its first international expansion. - All
Securian insurance and annuity business lines achieved retention results of 93 percent or better, reflecting the high caliber of service and overall financial value the company delivers. -
Securian advanced several digital and marketing initiatives in 2017 to serve and engage its customers and distributors in new ways, setting the stage for significant developments in these areas in 2018.
Community giving
Securian’s contributions to the community from the
Profit sharing for employees
For the 44th consecutive year,
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Since 1880,
1. Core earnings from continuing operations
2. For more information about the rating agencies and Securian’s insurance affiliates’ ratings, visit www.securian.com/ratings.
DOFU 02-2018
430989
View source version on businesswire.com: http://www.businesswire.com/news/home/20180222005993/en/
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