Todd Boehly’s Security Benefit Posts Profit of $1.2 Billion

Todd Boehly-owned Security Benefit Life Insurance Co. more than tripled its net income last year to $1.2 billion as the company wrote more policies and boosted investment income.

The insurer collected revenue of $4.2 billion from premiums and annuities, a 22% increase from a year earlier, while net investment income jumped 36% to $2.6 billion, the Topeka, Kansas-based firm said in its annual report.

Todd Boehly

Photographer: Kyle Grillot/Bloomberg

The result “reflects the strength of our balance sheet, as well as our diversified growth strategy,” Chief Executive Officer Doug Wolffsaid in a statement.

Boehly, who owns 78% of Security Benefit through his ...