Financial Ratings
About Security Benefit Life
Founded in 1892, Security Benefit Life Insurance Company is a U.S.-based financial services provider headquartered in Topeka, Kansas. The company specializes in delivering retirement-focused insurance and annuity products, including fixed annuities, fixed-indexed annuities, and variable annuities. Its client base includes individuals, K–12 education professionals, and institutional investors. As of December 31, 2024, Security Benefit reported $56.98 billion in total admitted assets, $50.82 billion in total liabilities, and a Total Adjusted Capital (TAC) of $7.2 billion. Security Benefit operates through a wide network of financial professionals and distribution channels, positioning itself as a long-term partner in helping Americans prepare for retirement.
Financial Ratings
Live from CANNEXRating Agency
A.M. Best
Rating
B
Description
B
Rating Analysis
Security Benefit Life Insurance Company holds strong financial strength ratings from the industry’s top credit rating agencies, demonstrating its stability and solid financial performance. A.M. Best’s A− (Excellent) rating, affirmed on January 16, 2025, reflects the company’s strong balance sheet and favorable business profile. Both Fitch Ratings and S&P Global reaffirmed their A− (Strong) ratings in August and September 2024, respectively, with a “Stable” outlook, recognizing Security Benefit’s well-managed risk profile, resilient capitalization, and consistent earnings. Morningstar DBRS also rated the company A (Good) as of September 10, 2024, citing effective capital management and overall sound financial health. Together, these ratings portray Security Benefit as a financially solid and dependable provider, capable of fulfilling its obligations to policyholders while maintaining a stable outlook for long-term growth.
Security Benefit Life Products
Fixed Indexed Annuities
Explore Security Benefit Life fixed indexed annuity products with current rates and features.
View Products→Multi-Year Guaranteed Annuities
Compare Security Benefit Life MYGA products with guaranteed rates and terms.
View Products→Immediate Annuities (SPIA)
View Security Benefit Life single premium immediate annuity options.
View Products→Deferred Income Annuities (DIA)
Explore Security Benefit Life deferred income and QLAC products.
View Products→Free Comparison Report
Get Security Benefit Life's rate comparison report
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