![]() They also indicated that Security Benefit has positioned itself to benefit from rising interest rates without being substantially exposed to rate declines. Security Benefit maintains a strong risk-based capital ratio and has demonstrated access to external equity and debt capital to fund growth, further supporting the rating.ĭespite having numerous competitors, including larger players, DBRS stated that Security Benefit has demonstrated the power of its franchise, producing strong profitability and growth through its distinct distribution strategy and superior investment returns. retirement market, strong financial performance, capital position, appropriate leverage, and prudent, hedged guarantees.ĭBRS noted that Security Benefit’s earnings performance has been strong, especially throughout the Coronavirus Disease (COVID-19) pandemic, including record earnings in 2021 driven by strong investment performance. The DBRS Morningstar rating reflects Security Benefit's market position in the U.S. Best (stable), Fitch (stable) and Standard and Poor’s (negative). “It underscores all the things that have made us a leader in the retirement industry including consistently strong financial and investment results, smart operations and product innovation, and the dedication of all our associates to delivering effective solutions for financial professionals and their clients.”Ĭontinued strength and stability. “We are very proud of our financial strength, and this is additional evidence of that strength,” said Doug Wolff, incoming Chief Executive Officer of Security Benefit. Both are subsidiaries of SBL Holdings, Inc., to which DBRS gave an Issuer Rating of BBB (high), and indirectly of Eldridge. retirement market, today announced that DBRS Morningstar has assigned a Financial Strength Rating of “A” (stable) to Security Benefit Life Insurance Company (SBLIC)* and First Security Benefit Life Insurance & Annuity Company of New York (FSBL). ![]() TOPEKA, Kan.-( BUSINESS WIRE)-Security Benefit, a leader in the U.S. ![]()
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