Securian

Securian Financial traces its roots to St. Paul, Minnesota, where it was founded in 1880 as the Minnesota Mutual Life Insurance Company.[1][2] Company history materials describe how it grew from a local mutual into a national insurer, adopting the Minnesota Life brand and later the Securian Financial brand to unify a broader set of insurance and financial-services businesses.[1] That evolution reflects two recurring themes in life insurance: the power of mutual capital (policyholder ownership) and the need to modernize distribution. As employer benefits expanded and credit unions grew as community financial hubs, Securian developed strong workplace-benefits and affinity-market channels, alongside traditional individual life.[1] Marketing increasingly emphasized financial security and protection at work, not just individual policies. Economic shocks repeatedly tested long-duration guarantees. Insurers with strong asset-liability management were better positioned during high inflation periods and the low-rate era after 2008, when pricing spreads narrowed. Like peers, Securian uses reinsurance and other risk-transfer tools to manage mortality and concentration exposure; however, its public history focuses more on strategic milestones and market expansion than on naming specific reinsurers.[1] Securian's long-run opportunity has been combining scale with mission: keeping the mutual-style emphasis on policyholder value while building modern distribution relationships in workplaces and community financial institutions.[1][2]

Sources: [1] https://www.securian.com/about-securian/our-company/our-history.html (Securian - Our History) ; [2] https://en.wikipedia.org/wiki/Securian_Financial_Group (Wikipedia: Securian Financial)