DONE DEAL: Securian Completes Purchase of Georgia Insurer

ST. PAUL, Minn., May 1 -- Securian Financial Group, Inc., St. Paul, MN, today announced it completed its purchase of the loan protection manufacturing and distribution operations of OneAmerica Financial Partners, Inc., Indianapolis, IN. The purchase includes CNL Financial Corp., Macon, GA, as well as some products manufactured by American United Life Insurance Company, Indianapolis. The sale closed May 1, 2006 for an undisclosed amount.

CNL Financial manufactures and distributes loan protection products through financial institutions.

"This purchase fits our strategic goal of building our financial institutions business through acquisition and increased distribution," said Robert Senkler, chairman, president and CEO of Securian Financial Group, Inc. "We plan to make CNL our center of excellence for property-casualty products and services by growing the Macon operation with existing personnel."

"Securian is a good parent for CNL," said Chris Greene, President and CEO, CNL Financial Corp. "Securian is committed to the loan protection market, and together we are committed to providing our clients with state-of-the-art products and fast, friendly service."

Loan protection products include mortgage life, credit life and disability, collateral protection insurance, debt protection, and other products. Securian has provided innovative products and high-quality service to its financial institution customers since 1957, and CNL has done the same since 1956.

"With this acquisition, we better serve all of our clients with a wider array of products, increased distribution and greater economies of scale," Senkler said. "The addition of CNL's 1,000 clients increases Securian's financial institution client base 30 percent to 3,600 banks and credit unions nationwide."

This is not Securian's first acquisition in the financial institution market. In 2004, Securian bought Allied Solutions, an independent distributor based in Indianapolis and Dallas, TX. Christopher Hilger, Allied Solutions' president and CEO, oversees Securian's distribution to financial institutions.

Securian Financial Group ( http://www.securian.com/ ) was founded in 1880 and provides financial security for individuals and businesses in the form of insurance, retirement plans and investments. Securian has more than $500 billion of life insurance in force, $26 billion in assets under management, and a combined work force of more than 5,000 employees and advisors in its St. Paul, MN headquarters and offices across the country. Securian serves more than 7,000,000 individuals in all 50 states and Puerto Rico.

Headquartered in Macon, GA, CNL Financial Corp. subsidiaries include Cherokee National Life Insurance Company and CNL/Insurance America, a property and casualty insurance company.

NOTE TO EDITORS: To download high-resolution photos of Robert Senkler and Chris Greene, go to www.securian.com/News/newsroom/download_center/download_portraits.asp .