Page 12 - Securian Financial - 2020 Annual Report

CONDENSED CONSOLIDATED BALANCE SHEETS
Years ended December 31, 2020 and 2019
in millions
Assets
Total investments10
Total other assets Separate account assets Total assets
Liabilities and equity
Liabilities:
Policyholder benefits and funds11 Other liabilities
Separate account liabilities
Total liabilities
Equity:
Total Securian Financial Group, Inc., and subsidiaries equity
Noncontrolling interests
Total equity
Total liabilities and equity
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
2020 2019
$34,748 $29,592 3,934 4,390 29,377 29,156
$68,059 $63,138
$28,213 $24,781 3,653 2,990 29,377 29,156
$61,243 $56,927 6,782 6,182
34 29
$6,816 $6,211
$68,059 $63,138
Years ended December 31, 2020 and 2019
in millions
Revenues
Premiums and policy and contract fees Net investment income
Net realized investment gains
Other income
Total revenues Benefits and expenses
Policyholder benefits
Interest credited
Other operating costs and expenses
Total benefits and expenses
Income from operations before taxes Income tax expense
Net income
Less: Net income attributable to noncontrolling interests
Net income attributable to Securian Financial Group, Inc., and subsidiaries
2020 2019
$4,880 $4,831 1,082 1,023 160 131 748 616
$6,870 $6,601 3,775 3,514
809 671 2,021 1,901
$6,605 $6,086
265 515 19 78
246 437 3 2
$243 $435
10. Total investments include cash, cash equivalents and invested assets.
11. Policyholder benefits and funds include policyholder and contract holder benefits, funds and claims.
These condensed consolidated financial statements are derived from the company’s audited consolidated financial statements, which are prepared in accordance with generally accepted accounting principles (GAAP).
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