Financial Information

For more than five decades, Security Benefit has focused its expertise solely on the retirement industry.

Through a combination of product innovation, exceptional investment management, and a unique distribution strategy, Security Benefit has become a leader in multiple retirement markets: overall fixed annuity sales, bank market fixed annuity sales, the K-12 education market, and overall fixed index annuity sales.

We are well prepared to honor our financial commitments as we fulfill our promise to help clients across America To and Through Retirement®.

Assets Under Management

Statutory Revenue2 Total Adjusted Capital2 A.M. Best3 Standard & Poor's® 4
$4.2 $2.97 A- A-
Billion Billion (Excellent) (Strong)

All ratings pertain to Security Benefit Life Insurance Company and First Security Benefit Life Insurance and Annuity Company of New York. Ratings are assigned by independent third-party rating agencies and bear no relation to the investment performance of assets held in any of Security Benefit Life Insurance Company’s or First Security Benefit Life Insurance and Annuity Company of New York’s separate accounts.

A.M. Best

A.M. Best’s rating represents an overall opinion of an insurance company’s ability to meet its obligations to policyholders and is derived by evaluating the financial strength, operating performance, and market profile of an insurance company in comparison with quantitative and qualitative standards of a peer life/health industry composite. A.M. Best ratings range from A++ (Superior) to S (Rating Suspended). 

Standard & Poor’s® 

S&P® ratings are a current opinion of the financial strength of an insurance organization and its capacity to meet senior obligations to policyholders and contract Owners on a timely basis. The ratings are assigned to the insurance organization itself and do not address the suitability of a particular policy or contract for a specific purpose or purchaser. S&P® ratings range from AAA (Extremely Strong ) to R (Under Regulatory Supervision) and short-term ratings range from A-1 (Strong) to R (Under Regulatory Supervision).


1As of 03/31/2019, SBL’s total admitted assets were $34.6 billion and liabilities were $32.2 billion. Total adjusted capital (TAC) of $2.97 billion includes $2.41 billion of capital and surplus plus $558.8 million of asset valuation reserves.

2As of 12/31/2018

3 As of 12/20/2018

4 As of 09/22/2018


Summaries of statutory financial information for Security Benefit Life Insurance Company are available for your review and reference.

This statutory financial information of SBL is presented on the basis of accounting practices prescribed or permitted by the Kansas Insurance Department. The Kansas Insurance Department recognizes only statutory accounting practices prescribed or permitted by the State of Kansas for determining and reporting the financial condition and results of operations of an insurance company for purposes of determining its solvency under the Kansas Insurance Law. The National Association of Insurance Commissioners’ (NAIC) Accounting Practices and Procedures Manual has been adopted as a component of prescribed or permitted practices by the State of Kansas.