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.
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