It's the kind of Valentine's Day present anyone would appreciate.
Employees at St. Paul, Minn.-based Securian Financial Group learned today that, based on the company's continued growth in 2011, they will receive their share of a 9 percent of salary profit-sharing distribution. The company will contribute the amount to employees' 401(k) accounts without requiring an employee match.
Securian's earnings rose 25 percent in 2011 and came in 27 percent over goal, totaling a record $184 million. Top-line growth increased 8.2 percent, and capital measured as GAAP equity was $3.3 billion, up 7.6 percent. The company serves more than 10 million customers and paid $3.9 billion in benefits in 2010.
Recommended For You
As well, insurance in force grew 13.5 percent to $773 billion and assets under management were also up 3.5 percent, to nearly $33 billion.
"In 2011, all of our key results exceeded our goals, and we made our 38th consecutive profit-sharing distribution," said Robert Senkler, chairman and CEO.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
