Securian posts record 2025 earnings on strong group life and PRT growth


On capital, Securian’s nearly $3.6 billion of capital and surplus at Minnesota Life is materially smaller than the surplus reported by Northwestern Mutual or Guardian but is consistent with its narrower product and geographic footprint. That capital base, combined with conservative risk management, supports the strong ratings that underpin its position in group, individual life, annuity and institutional markets.



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