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MOBILE & TELECOMMUNICATIONS
securian.com

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Portfolio Exits

2

Partners & Customers

5

About Securian Financial Group

Securian Financial Group provides products and services in the financial institution market. Through its acquired subsidiaries, Securian offers financial security products such as mortgage accidental death insurance, accidental death and dismemberment coverage, and individual term life insurance.

Securian Financial Group Headquarter Location

400 Robert Street North

Saint Paul, Minnesota, 55101,

United States

651-665-3500

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Latest Securian Financial Group News

New M&A deals involve Westland, Armour Group

Sep 9, 2021

September 9, 2021   by Jason Contant After a brief lull in mergers and acquisitions activity, the Canadian P&C insurance space has seen a surge in recent announcements. Large Canadian-owned brokerage Westland Insurance Group Ltd. said on Tuesday it had acquired two Alberta brokerages: Riverstone Insurance in Canmore and Hill ‘n’ Dale Insurance Ltd. in Breton. Both Riverstone Insurance and Hill ‘n’ Dale Insurance provide residential, auto, farm and commercial insurance, Westland said in a press release. The seven-person Hill ‘n’ Dale Insurance team also provides vehicle registry services and represents a new community (Breton, about 95 kilometres southwest of Edmonton) for Westland. With these acquisitions, Westland now has more than 175 locations and 2,100 employees in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and Nova Scotia. Also on Tuesday, Securian Canada, Inc., a subsidiary of St. Paul, Minn.-based Securian Financial Group, announced the acquisition of Armour Group Inc., a distributor of credit and specialty property and casualty products through automobile dealers, recreational vehicle dealers and finance companies in Canada. Headquartered in London, Ont., Armour Group will continue to operate independently under its current leadership, Securian Financial said in a statement. The terms of the deal — which closed Sept. 1 — will not be disclosed. iStock.com/Zhanna Hapanovich Chris Hilger, Securian Financial’s chairman, president and CEO, said that the acquisition diversifies Securian Financial’s revenue and “gives us a natural ability to expand into attractive adjacent markets.” This is the company’s third Canadian acquisition. Securian Financial expanded internationally for the first time in 2017, when it acquired Toronto-based Canadian Premier Life Insurance Company and distributor Valeyo. In 2020, the company purchased the Canadian book of business from Gerber Life Insurance Company. In the benefits space, Navacord Corp. — one of Canada’s largest commercial brokerages — said Tuesday it added two new group benefit and retirement brokerages to its ranks: C&C Insurance Group out of southwestern Ontario (Komoka) and Vanta Benefits, based in Edmonton. “C&C boasts the only fully integrated and seamless Group Health and Wellness program that meets the complex needs for post-secondary institutions’ domestic and international student populations,” Navacord said. “And, with proprietary real-time benefits data and analytics segmented by business, Vanta enables their clients to be proactive versus reactive with strategic plan designs that create long-term sustainability.” T. Marshall Sadd, executive chairman of Navacord, added that both businesses are using technology to deliver, differentiate and enhance the client experience. Vanta Benefits was previously part of Vanta Group. The life insurance and wealth advisory business within Vanta Group remains independently owned and operated, and is not included in the deal. Navacord has completed 11 formal new partnerships this year, “with more expected as they progress towards $3 billion in premium.” The brokerage has also more than quadrupled their benefits business over the last 18 months. In addition, Navacord brokerage Waypoint Insurance recently closed its acquisition of FX Insurance — their third transaction in 2021. Lastly, on Thursday, EFI Global, a full-service international consulting firm specializing in forensic engineering, environmental, fire investigation and specialty consulting services, announced the acquisition of Wentzell Engineering Limited. Wentzell provides professional investigative and engineering services to insurers, adjusters, law firms, corporations and law enforcement agencies throughout Atlantic Canada. With this strategic acquisition, EFI Global, a Sedgwick company, expands its fire investigation and forensic engineering service lines in Canada. Joining forces also opens access to more diverse, localized training and expertise across both teams, EFI Global said.

Securian Financial Group Portfolio Exits

2 Portfolio Exits

Securian Financial Group has 2 portfolio exits. Their latest portfolio exit was Southern Pioneer Life Insurance Company on March 16, 2020.

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

3/16/2020

Acquired - II

1

00/00/0000

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10

Date

3/16/2020

00/00/0000

Exit

Acquired - II

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Companies

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Valuation

Acquirer

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Sources

1

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 - II

$53.32M

Acquired

1

11/1/2016

Acquired

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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

Unattributed - II

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$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 - II

Acquired

Unattributed - II

Companies

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Valuation

Total Funding

$53.32M

$99M

$99M

$99M

$99M

Note

Acquired

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Sources

1

10

10

10

10

Securian Financial Group Partners & Customers

5 Partners and customers

Securian Financial Group has 5 strategic partners and customers. Securian Financial Group recently partnered with Temenos on July 7, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

7/15/2020

Partner

Temenos

Switzerland

Securian Financial and Temenos Launch Integrated Credit Protection Claims Solution for Credit Unions

ST. PAUL , Minn. -- -- Securian Financial Group , Inc. and Temenos AG , the banking software company , have joined forces to create a real-time , integrated solution to make it easier and more efficient for credit unions to manage their members ' credit protection claims .

1

11/13/2018

Partner

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10

5/19/2016

Partner

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10

11/15/2011

Client

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10

4/24/2003

Partner

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10

Date

7/15/2020

11/13/2018

5/19/2016

11/15/2011

4/24/2003

Type

Partner

Partner

Partner

Client

Partner

Business Partner

Temenos

Country

Switzerland

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News Snippet

Securian Financial and Temenos Launch Integrated Credit Protection Claims Solution for Credit Unions

ST. PAUL , Minn. -- -- Securian Financial Group , Inc. and Temenos AG , the banking software company , have joined forces to create a real-time , integrated solution to make it easier and more efficient for credit unions to manage their members ' credit protection claims .

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Sources

1

10

10

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

Jason W Schuller

Senior Vice President

Former

Name

Tom Burns

Jason W Schuller

Work History

Title

Senior Vice President

Senior Vice President

Status

Former

Former

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