Security Benefit was recently recognized in an article in Life Annuity Specialist
A diversified business mix, robust investment returns, and a strong financial profile have helped us position Security Benefit as a leader in retirement space. Our 2025 pre-tax operating margin of 13.66% puts us near the top of the industry, higher than many of our larger peers. This is after record margins of 19.15% in 2023 and 18.52% in 2024. The performance is in part due to our innovative product lineup and diversified, multi-channel distribution. It is also due to our premier investment strategy that favors a non-traditional asset allocation, including structured credit. The asset class, which covers CLOs and ABS, offers attractive risk-adjusted spread and structured protection. It's turned out to provide portfolio diversification with lower risk and higher returns than traditional insurance asset classes. We decided more than a century ago to take a dynamic, non-traditional approach within the insurance industry aimed at helping people solve retirement challenges. Our operating margins over the past few years prove out our approach and underscore our track record of steady, sustainable, and profitable growth.