Strong competitive position with diverse array of product offerings and multiple distribution channels Good market positions in niche businesses Large scale of group insurance segment stemming from controlled distribution Earnings on par with peers Low industry and country risk Extremely strong capital adequacy projected to remain redundant at the 'AAA' level Intermediate risk position with favorable investment diversification Adequate financial flexibility, excellent fixed-charge coverage, and capacity for further leverage Adequate enterprise risk management (ERM) practices Strong management and governance Exceptional liquidity The stable outlook on Securian Financial Group Inc. reflects S&P Global Ratings' expectation that the company's operating performance will improve gradually over the next two years reflecting the strength of a diverse set of life and annuity products and
