Christopher M. Hilger, Executive Vice President, Securian Financial Group, Inc. (Photo: Securian Financial Group, Inc.)

Securian is a leading provider of products and services in the financial      institution market. The acquired companies’ products include mortgage      accidental death insurance, accidental death and dismemberment coverage      and individual term life insurance, all of which Securian offers.

“This acquisition increases the scale of our financial institution      business and further demonstrates our commitment to this marketplace,”      said Christopher Hilger, executive vice president, Securian Financial      Group. “As providers exit the market, we view this as an opportunity to      increase our presence.”

Securian will integrate the Balboa Life businesses into its St. Paul      headquarters operations in 2012.

Securian      Financial Group, Inc. has served financial institutions for more      than 50 years, providing insurance, debt protection, loan documents, and      marketing services to more than 4,000 financial institutions across the      United States.

Since 1880, Securian and its affiliates have provided financial security      for individuals and businesses in the form of insurance, investments and      retirement plans. Now one of the nation’s largest financial services      providers, it is the holding company parent of a group of companies that      offer a broad range of financial services: Minnesota      Life Insurance Company, Advantus Capital Management, Allied      Solutions, LLC, Capital Financial Group, Cherokee      National Life Insurance Company, CNL/Insurance America, Personal      Finance Company, Securian Financial Services, Inc., Securian Casualty      Company, Securian Life Insurance Company and Securian Trust Company.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6785838&lang=en

Securian Financial Group, Inc.
Maggie Jensen
Media Relations      Consultant
651-665-7558

Source: Securian Financial Group, Inc.