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Company Profile for Minnesota Life Insurance Co.


Business Editors

--(BUSINESS WIRE)

Minnesota Life The Minnesota Life Insurance Company was founded in St. Paul, Minnesota in 1880 as a mutual insurance company. It was originally organized as a mutual because a general distrust of stockholder-owned businesses prevailed at that time and there was a shortage of people willing to buy  is the nation's 43rd largest life insurer and provides financial security to more than 6,000,000 people. In 2002, revenues in were $1.7 billion, nearly $20 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , and nearly $340 billion of life insurance in force. One of the most highly rated financial institutions in America, the company provides risk protection and investment products and services for businesses and individuals.

Minnesota Life's chairman, president, and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  is Robert L. Senkler. He currently serves as chairman of the Capital City Partnership and frequently lectures on business ethics business ethics, the study and evaluation of decision making by businesses according to moral concepts and judgments. Ethical questions range from practical, narrowly defined issues, such as a company's obligation to be honest with its customers, to broader social  to students at the University of Minnesota's Carlson School of Management The Carlson School of Management (CSOM) is the business school for undergraduates and graduates at the University of Minnesota. CSOM is located on the West Bank of the University of Minnesota campus, and consistently ranks in the top 5 schools nationwide for the study of .

Minnesota Life employs 2,500 people in downtown St. Paul St. Paul

as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26]

See : Bravery
. The company is the city's second largest private sector employer and the largest private property owner, with more than 1,000,000 square feet of office space downtown.

Minnesota Life's campus includes the 401 and 400 Buildings at Sixth and Robert Streets and the Lafayette Center at 279 Florida Street Florida is an elegant street in downtown Buenos Aires, Argentina, some stretches of which have been pedestrianised since 1913.[1]

The pedestrian section starts when PerĂº street crosses Avenida de Mayo, not far from Plaza de Mayo; after 50 meters, PerĂº
 near the downtown St. Paul airport St. Paul Airport can refer to the following:
  • St. Paul Airport in Ohrid, Republic of Macedonia
  • Minneapolis-Saint Paul International Airport in Minneapolis-Saint Paul, Minnesota
  • St. Paul Airport in Alberta, Canada
. Before Minnesota Life moved into the 400 Building in 1982, it resided at 345 Cedar (current home of the St. Paul Pioneer Press
This article is about the Minnesota newspaper. For the chain of Illinois weeklies, see Pioneer Press.


The St. Paul Pioneer Press is a newspaper based in St. Paul, Minnesota, primarily serving the Twin Cities metropolitan area.
), which it built in the early 1950s. The 400 Building is the only one downtown situated on a true north-south axis. The 401 Building opened in October 2000 and has won several design awards.

Minnesota Life's many employer awards include:
-- The Business Journal's "Great Places to Work in the Twin Cities" for the past two years

-- Computerworld's "100 Best Places to Work in IT" nine times, and ranked ninth on its list of "Historically Best Places to Work in IT"

-- Four times in InformationWeek's list of 500 IT innovators


Minnesota Life is one of the oldest businesses in St. Paul. The company was founded in 1880 and will celebrate its 125th anniversary in 2005.

Visit http://www.minnesotalife.com/about/about.html for more information about Minnesota Life or contact:

Maggie Jensen

Media Relations

P: 651-665-7558

C: 651-271-3300

E: margaret.jensen@securian.com

Company:              Minnesota Life Insurance Co.

Headquarters Address: 400 Robert St. N.
                      St. Paul, MN 55101
                      United States

Main Telephone:       651-665-3500

Website:              www.minnesotalife.com

Type of Organization: Private

Industry:             Professional Services: Finance

Earnings Release Dates: 4th Quarter: February 28, 2004

Key Executives:       Chairman: Robert L. (Bob) Senkler

VP of IT:             Jean Delaney Nelson

MEDIA RELATIONS

Contact:              Maggie Jensen
Phone:                651-665-7558
Email:                margaret.jensen@securian.com

COMMUNICATIONS

Contact:              Mark Hier
Phone:                651-665-3672
Email:                mark.hier@minnesotamutual.com
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Business Wire
Geographic Code:1U4MN
Date:Mar 14, 2003
Words:417
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