Fitch lifts Minnesota Life

Fitch Ratings said it upgraded the insurer financial strength ratings of Minnesota Life Insurance Co. and its subsidiary, Securian Life Insurance Co., to AA from AA-.

The agency also upgraded the rating on Minnesota Life's surplus notes to A+ from A.

The outlook is stable.

Fitch said the upgrade reflects Minnesota Life's strong balance sheet fundamentals, conservative risk profile and improved earnings. The ratings also reflect its competitive position in the group life insurance market along with the continued competitive environment in which it operates.

The previous ratings were assigned a positive outlook in September 2013.

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