Minnesota gains 2 more Fortune 500 companies after Polaris, Securian crack the list

The St. Paul and Medina companies have made the Top 500 for the first time.
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No sooner was Minnesota set to lose a Fortune 500 company that it gained two more.

It was confirmed on Monday that financial company Securian and off-road vehicle maker Polaris Industries both cracked Fortune's famous list of the top 500 American companies based on revenue.

In its new 2018 list, Fortune has St. Paul-based Securian at 462nd and Medina-based Polaris ranked at No. 496.

In a statement, Polaris CEO Scott Wine said it's a "tremendous honor and a true testament to the integrity, passion and commitment to excellence of every Polaris employee."

For Polaris, the move up the rankings comes despite a difficult few years for the company, which has been the subject of multiple product recalls because of issues with some of its off-road vehicles, including having defects that cause fires.

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It's also welcome news for Minnesota, which just recently discovered that one of its existing Fortune 500 companies, The Mosaic Co., is moving its headquarters from Plymouth to Florida.

St. Paul-based St. Jude's Medical, which was on last year's Fortune 500 list, is also off the 2018 list after it was bought out by Illinois-based Abbott.

The biggest company in Minnesota remains UnitedHealth Group, which moved up to 5th place.

Minnesota's Fortune 500 2018 companies

5th: UnitedHealthcare

39th: Target

72nd: Best Buy

96th: CHS

97th: 3M

122nd: U.S. Bancorp

180th: Supervalu

182nd: General Mills

193rd: C.H. Robinson Worldwide

215th: Ecolab

216th: Land O' Lakes

252nd: Ameriprise Financial

266th: Xcel Energy

323nd: Hormel Foods

343rd: Thrivent Financial for Lutherans

382nd: Mosaic (moving to Florida).

462nd: Securian

490th: Patterson

496th: Polaris Industries

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