Articles from SBL Holdings, Inc.

SBL Holdings, Inc. (“Security Benefit”), the parent of Security Benefit Life Insurance Company, today announced that the annual dividend rate on its 7.000% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A has reset to 9.508% for five years of future dividend periods as provided in the Series A terms. The reset rate is based on a benchmark of five-year U.S. Treasury yields to maturity plus a spread of 5.580%. No Series A shares will be redeemed in connection with the reset, and the reset requires no action by holders.

SBL Holdings, Inc. (“Security Benefit”) today completed a $100 million issuance of its 7.200% senior notes due 2034. This reopening of the $650 million issuance of notes completed last October increases the total outstanding amount of the notes due 2034 to $750 million. The terms of the new issuance are the same as those of the previous issuance. Security Benefit is the parent company of Topeka-based Security Benefit Life Insurance Company.