Credit Rating Report

SBL Holdings, Inc.: Rating Report

Insurance Organizations

Summary

On September 10, 2024, DBRS Limited (Morningstar DBRS) confirmed all credit ratings on SBL Holdings, Inc. (Security Benefit or the Company) and its related entities, including Security Benefit's Issuer Rating at BBB (high) and the Financial Strength Rating on Security Benefit Life Insurance Company at "A." The trends on all credit ratings are Stable.

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