The Messaging Layer Security (MLS) project is an IETF effort aiming to establish an industry-wide standard for secure group messaging (SGM). Its development is supported by several major secure-messaging providers (with a combined user base in the billions) and a growing body of academic research. MLS has evolved over many iterations to become a complex, non-trivial, yet relatively ad-hoc cryptographic protocol. In an effort to tame its complexity and build confidence in its security, past analyses of MLS have restricted themselves to sub-protocols of MLS - -most prominently a type of sub-protocol embodying so-called continuous group key agreement (CGKA). However, to date the task of proving or even defining the security of the full MLS protocol has been left open. In this work, we fill in this missing piece. First, we formally capture the security of SGM protocols by defining a corresponding security game, which is parametrized by a safety predicate that characterizes the exact level of security achieved by a construction. Then, we cast MLS as an SGM protocol, showing how to modularly build it from the following three main components (and some additional standard cryptographic primitives) in a black-box fashion: (a) CGKA, (b) forward-secure group AEAD (FS-GAEAD), which is a new primitive and roughly corresponds to an "epoch'' of group messaging, and (c) a so-called PRF-PRNG, which is a two-input hash function that is a pseudorandom function (resp.\ generator with input) in its first (resp.\ second) input. Crucially, the security predicate for the SGM security of MLS can be expressed purely as a function of the security predicates of the underlying primitives, which allows to swap out any of the components and immediately obtain a security statement for the resulting SGM construction. Furthermore, we provide instantiations of all component primitives, in particular of CGKA with MLS's TreeKEM sub-protocol (which we prove adaptively secure) and of FS-GAEAD with a novel construction (which has already been adopted by MLS). Along the way we introduce a collection of new techniques, primitives, and results with applications to other SGM protocols and beyond. For example, we extend the Generalized Selective Decryption proof technique (which is central in CGKA literature) and prove adaptive security for another (practical) more secure CGKA protocol called RTreeKEM (Alwen et al.,\ CRYPTO '20). The modularity of our approach immediately yields a corollary characterizing the security of an SGM construction using RTreeKEM.