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
Fair
Effective
January 23, 2026
Rating Agency
Standard & Poor's
Rating
A-
Description
Strong
Effective
September 22, 2017
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
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View Products→Multi-Year Guaranteed Annuities
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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
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