Service Corporation International

SCI does not report a single AUM figure. Its investment assets are held primarily within pre-need funeral and cemetery trust funds required by state law. These are invested across equities, fixed income, and alternative assets to fund future service obligations. The firm's cemetery real estate — including Rose Hills Memorial Park and properties across 44 states and eight Canadian provinces — represents a separate hard-asset base that does not appear on a conventional AUM line.

SCI does not disclose a named CIO or separate investment committee publicly for its trust portfolios. Investment management is overseen internally through the treasury function and governed by state insurance commission regulations, not the SEC. Public filings describe the allocation framework and fiduciary constraints but do not attribute strategy to a specific named individual.

No. The trust funds are fully reserved for future service obligations to customers who have pre-purchased funeral and cemetery services. They are not structured as co-mingled investment vehicles, nor does SCI market them to external limited partners. The capital is ring-fenced and managed under state funeral-board and insurance-commission regulation.

SCI's liabilities are tied to specific future funeral and cemetery service delivery, not cash claims. State law requires that pre-need payments be placed in trust and managed conservatively. The asset side includes the underlying cemetery land itself, creating a direct real-estate hedge against liability growth that most insurance general accounts lack. This makes SCI's balance sheet structurally different from a life insurer or pension fund.