SFB Life Insurance Co Retirement Plan and Trust

SFB Life Insurance Co Retirement Plan and Trust

Southern Farm Bureau Life Insurance Company established the retirement plan and trust in 1946 alongside its core life insurance operations in Jackson, Mississippi. The plan is sponsored by the insurer and funded through premiums and investment returns. Ownership traces to ten state Farm Bureau Federations. The plan allocates across public equities, private credit, real estate and private equity. Confirmed holdings include VOO, IEMG and SPY exchange-traded funds as of Q3 2025 13F filings. Private positions include Voya Private Credit Trust Fund, PCCP Mezzanine Recovery Partners II and EQT Private Capital Asia. Geographic exposure centers on the United States with additional commitments in Asia. Assets total $16.1 billion. Northern Trust and State Street act as custodians. Philanthropic activity includes support for Canopy Children's Solutions and the University of Mississippi Foundation. No material operational events have been recorded in the last 24 months. The plan operates as a captive vehicle for the insurance parent rather than an independent allocator. Investment decisions remain internal with limited external manager disclosure.