Well-established market positions with diverse array of product offerings and multiple distribution channels Solid generally accepted accounting principles (GAAP) operating performance Extremely strong capital adequacy still redundant at the 'AAA' level Strong enterprise risk management (ERM) Limited access to capital markets vis-à-vis public peers Core operations in the highly competitive group life and indexed universal life lines of business Meaningful exposure to 'BBB' rated corporate bonds S&P Global Ratings' ratings on Securian Financial Group reflects its strong business risk profile stemming from its well diversified product portfolio, solid market position in group life, credit life, and indexed universal life markets coupled with stable operating performance. We assess Securian Financial's financial risk profile as extremely strong based on its strong 'AAA'
