I know it is shocking to many not use to installs of SEC's inside of outside walls but it is very common in Florida and California, and many times the riser pipe is inside of the wood studded wall, the first time I was like Wow, and would never have unprotected conductors inside of the wall, but if we think about it, even on the surface they can start the house on fire, I have seen a few house fires started by old SE cables that had shorted out just on the surface, at least if installed in RMC they have a little chance that maybe the drop will burn free before the pipe blows through, and yes I have seen shorted SEC blow right through RMC, I remember someone posted a video of SEC's going off in a RMC pipe on a pole a while back, I had to watch it several times as it was really something as to how long it went on.
I would accept the SEC's installed between two layers of block way before I would if the old surface was combustible.
We had a house that if is wasn't for the fire retardant in the carpeting in the finished basement, it would have burned down, the SEC's ran across the basement in RMC about an inch under the concrete floor then up into the panel on an inside wall, the home owner was drilling into the floor to secure a shelving rack in a laundry room and drilled right into it, the concrete above the pipe was exploding as the SEC's burned off inside of the RMC all the way to the outside of the foundation, about the time it reached the 90? elbow the drop fell to the ground and on his car which left holes burned through the roof of the car, it did catch the car roof foam insulation on fire but by that time the fire department was there and put it out before there was any more damage to the car, the family room was a mess with the carpeting melted and burned all the way across the floor, we installed a disconnect and re-fed the panel in IMC through the same trench that the exploded concrete made and they just patch the concrete over it.