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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.

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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