Security Benefit Completes Redemption of its Senior Notes due 2026

Optional redemption was completed on October 14

TOPEKA, Kan.--(BUSINESS WIRE)--SBL Holdings, Inc. (“Security Benefit”), the parent of Security Benefit Life Insurance Company, today announced that it has completed its optional redemption of all $374,457,000 aggregate principal amount outstanding of its 5.125% Senior Notes due 2026. The redemption, which was previously announced in Security Benefit’s press release dated September 26, 2025, was completed on October 14, 2025.

Security Benefit paid the redemption price with a portion of the net proceeds of its recent $500,000,000 issuance of senior notes due 2028.

This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of Security Benefit or Security Benefit Life Insurance Company.

About Security Benefit

Security Benefit, through its subsidiary Security Benefit Life Insurance Company, a Kansas-domiciled insurance company that has been in business for more than 133 years, is a leader in the U.S. retirement market. Security Benefit together with its affiliates offers products in a full range of retirement markets and wealth segments for employers and individuals and held $57.6 billion in assets under management as of June 30, 2025. Security Benefit, an Eldridge business, continues its mission of helping Americans To and Through Retirement^®. Learn more at www.securitybenefit.com and follow us on LinkedIn, Facebook, or X.