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Securian Financial Group company logo
Corporation
FINANCE | Insurance
securian.com

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Investments

1

Portfolio Exits

3

Partners & Customers

10

About Securian Financial Group

Securian Financial Group provides products and services in the financial institution market. It offers financial security products such as mortgage accidental death insurance, accidental death, and dismemberment coverage, and individual term life insurance. The company was founded in 1880 and is based in Saint Paul, Minnesota.

Headquarters Location

400 Robert Street North

Saint Paul, Minnesota, 55101,

United States

651-665-3500

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Latest Securian Financial Group News

The Standard Closes on Acquisition of Securian Financial’s Retirement Plan Recordkeeping Business

Dec 1, 2022

By PORTLAND, Ore. & ST. PAUL, Minn.–(BUSINESS WIRE)–Standard Insurance Company (“The Standard”) and Securian Financial Group, Inc. (“Securian Financial”) today announced the closing of the acquisition of Securian Financial’s retirement plan recordkeeping business by The Standard, in accordance with the terms of the agreement reported on Oct. 18, 2022. “This transaction brings together two respected organizations and is an important milestone in our measured growth in the retirement plan marketplace,” said Dan McMillan, president and CEO of The Standard. “I look forward to welcoming Securian Financial’s retirement plan employees, customers and partners to The Standard.” The acquisition combines the recordkeeping business of two providers with deep expertise in retirement plan administration, award-winning customer service and a shared focus on fiduciary protections. The business will operate under The Standard brand and include Securian Financial’s retirement solutions employees, management, client relationships and distribution networks. The companies are committed to a seamless transition for clients. “This transaction positions Securian Financial to accelerate our growth in priority markets and help our customers build secure tomorrows,” said Chris Hilger, Securian Financial’s chairman, president and CEO. “After collaborating with The Standard in recent months, I am confident bright days lie ahead for both companies.” “The Standard is deeply committed to the retirement plan business, and the wealth of talent joining us from Securian Financial furthers our capabilities to offer differentiated service for plan sponsors, participants and distribution partners,” said AJ Ijaz, vice president of the Asset Management Group at The Standard. “I’m excited to bring to market our combined expertise, comprehensive suite of retirement solutions and customer-first approach.” About The Standard The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. In business since 1906, we are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life, dental and vision insurance, voluntary (employee-paid) benefits, absence management services, and retirement plans and annuities for employers and individuals. For more information about The Standard, visit standard.com or follow us on Facebook , Twitter or LinkedIn . The Standard is the marketing name for StanCorp Financial Group, Inc., and its subsidiaries. StanCorp Equities, Inc., member FINRA, wholesales a group annuity contract issued by Standard Insurance Company and a mutual fund trust platform for retirement plans. Standard Retirement Services, Inc., provides financial recordkeeping and plan administrative services. Investment advisory services are provided by StanCorp Investment Advisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc., and StanCorp Investment Advisers, Inc., are subsidiaries of StanCorp Financial Group, Inc., and all are Oregon corporations. About Securian Financial At Securian Financial, we’re here for family. And we’re here because of it. We’re guided by our purpose of helping customers build secure tomorrows. Since 1880, we’ve been building a uniquely diversified company that has outlasted economic ups and downs while staying true to our customers. We provide insurance, investment and retirement solutions that give families the confidence to focus on what’s truly valuable: banking memories with those who matter most. For more information about Securian Financial, visit securian.com or follow us on Facebook , Twitter or LinkedIn . Securian Financial is the marketing name for Securian Financial Group, Inc., and its subsidiaries. Securian Financial’s retirement plan products are offered through a fixed annuity contract issued by Minnesota Life Insurance Company or Securian Life Insurance Company, Securian Financial Group subsidiaries. Contacts

Securian Financial Group Investments

1 Investments

Securian Financial Group has made 1 investments. Their latest investment was in PolicyMe as part of their Series A - II on September 9, 2022.

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Securian Financial Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/20/2022

Series A - II

PolicyMe

Yes

7

Date

9/20/2022

Round

Series A - II

Company

PolicyMe

Amount

New?

Yes

Co-Investors

Sources

7

Securian Financial Group Portfolio Exits

3 Portfolio Exits

Securian Financial Group has 3 portfolio exits. Their latest portfolio exit was Securian Financial Group - Retirement Plan Recordkeeping Business on October 18, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/18/2022

Divestiture

Securian Financial Group - Retirement Plan Recordkeeping Business

$99M

8

3/16/2020

Acquired - II

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$99M

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10

8/8/2017

Acquired - II

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$99M

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10

Date

10/18/2022

3/16/2020

8/8/2017

Exit

Divestiture

Acquired - II

Acquired - II

Companies

Securian Financial Group - Retirement Plan Recordkeeping Business

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

8

10

10

Securian Financial Group Acquisitions

9 Acquisitions

Securian Financial Group acquired 9 companies. Their latest acquisition was Empyrean Benefit Solutions on November 25, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/25/2019

Growth Equity

$99M

$53.32M

Acquired

1

11/1/2016

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$99M

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10

11/1/2016

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$99M

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10

11/1/2016

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$99M

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10

11/20/2014

Other

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$99M

$99M

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10

Date

11/25/2019

11/1/2016

11/1/2016

11/1/2016

11/20/2014

Investment Stage

Growth Equity

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$53.32M

$99M

Note

Acquired

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Sources

1

10

10

10

10

Securian Financial Group Partners & Customers

10 Partners and customers

Securian Financial Group has 10 strategic partners and customers. Securian Financial Group recently partnered with BenefitBump on September 9, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

9/29/2022

Vendor

United States

1

7/1/2022

Partner

United States

11/16/2021

Partner

United States

Securian Financial Donates $1 Million to Greater Twin Cities United Way to Support Transformative Change - GTCUW

Greater Twin Cities United Way works to solve these challenges and advance racial equity by collaborating with partners like Securian Financial to create new , innovative solutions that drive positive , lasting change .

1

7/15/2020

Partner

Switzerland

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10

11/13/2018

Partner

United States

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10

Date

9/29/2022

7/1/2022

11/16/2021

7/15/2020

11/13/2018

Type

Vendor

Partner

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

Switzerland

United States

News Snippet

Securian Financial Donates $1 Million to Greater Twin Cities United Way to Support Transformative Change - GTCUW

Greater Twin Cities United Way works to solve these challenges and advance racial equity by collaborating with partners like Securian Financial to create new , innovative solutions that drive positive , lasting change .

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Sources

1

1

10

10

Securian Financial Group Team

2 Team Members

Securian Financial Group has 2 team members, including former Senior Vice President, Tom Burns.

Name

Work History

Title

Status

Tom Burns

Senior Vice President

Former

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Name

Tom Burns

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Work History

Title

Senior Vice President

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Status

Former

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