Securian Asset Management

No. Securian Asset Management operates exclusively as an internal asset manager for Securian Financial Group's general account and affiliated insurance company portfolios. It does not offer pooled funds, separate accounts, or advisory services to external institutional investors or individuals.

The firm principally allocates to public fixed income, private credit, commercial real estate, and structured products. These asset classes are selected for their ability to generate duration-matched yield and cash flows that support Securian Financial's life insurance and annuity policyholder obligations.

Its strategy is dictated by the parent company's liability profile rather than relative performance benchmarks or asset-gathering incentives. The team must manage to actuarial and regulatory capital requirements embedded in the U.S. mutual insurance framework, allowing it to hold illiquid credit and real assets through market cycles without facing redemption risk.

The Securian Foundation is a separate legal entity funded by Securian Financial Group, not a vehicle of the asset management unit. It has granted over $100 million to nonprofits in the Saint Paul area since inception, reflecting the mutual company's governance model where community reinvestment is a structural feature rather than an individual founder's philanthropic vehicle.

Securian Asset Management does not publicly disclose assets under management as a standalone entity. The AUM is embedded within Securian Financial Group's consolidated general account, which is reported on a statutory accounting basis through regulatory filings rather than marketed to third-party allocators.