Strong Foundation

WoodmenLife Annual Report

Financial Strength

At WoodmenLife, we understand what is truly important – keeping your interests in mind as we make decisions that impact the future and overall financial strength of our company.

Read Our 2022 Annual Report

Strength In Numbers

Recent Results

In 2022, WoodmenLife demonstrated outstanding financial performance, with a total income of more than $994 million and certificate reserves (funds held to guarantee future benefit payments) of $8.1 billion.

WoodmenLife finished Fiscal Year 2022 with positive results, including assets of $11.1 billion1 and $39.3 billion of insurance in force.

In addition, total surplus for WoodmenLife remained stable, standing at $1.7 billion in 2022.

Financial Rating

AM Best A+ Superior Logo

One way to judge the strength of a company is to look at how its financial strength and performance are rated by an objective rating agency. Our rating is a direct reflection of the care with which WoodmenLife manages our business.

WoodmenLife was assigned a rating of A+ (Superior) with a stable outlook once again in 2022. It was the 47th consecutive year we received the A+ Superior rating, which is the second highest out of 15 awarded.

Doing What’s Right

In an industry based on long-term success, you want to trust your time and money with a company you know will perform. An organization’s investment philosophy directly affects its security and is a vital factor in its growth and stability. We don’t chase profits to please stockholders; we pursue the best interests of our members. WoodmenLife is an organization that has lasted more than a century by looking ahead and doing what’s right.

Read the Quarterly Letter

A Solid Investment

Another sign of WoodmenLife’s strength is that our investment income has remained steady.


Bonds commonly referred to as “investment grade” are those included in the top four rating categories – Aaa, Aa, A and Baa. Bond ratings are like grades on a report card, with Aaa carrying the smallest degree of investment risk, and C being the highest. At year-end 2022, 99% of WoodmenLife’s bond holdings were investment grade.

Real Estate & Mortgage Loans

Real estate accounted for just under 1% of WoodmenLife’s invested assets in 2022. These holdings consist of property that is owned by, and either leased to others or occupied by, WoodmenLife.

At the end of 2022, 20.8% of our assets were in mortgage loans. These loans are secured by commercial real estate, including office, retail and industrial properties. WoodmenLife is always a first-lien mortgage holder, and we finance no more than 75% of a property’s value.

2022 Refunds

Refunds2 paid to members holding life and accident and health certificates during 2022 were $24.1 million.


  1. Total assets of $11.1 billion. Liabilities of $9.4 billion; as of Dec. 31, 2022

  2. Refunds are declared annually by the company. The payment of refunds is not guaranteed because they depend on the company’s investment, expense and mortality experience.

Web 3 R-12/23

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Our Mission

Uniting hardworking Americans to secure their financial future while strengthening our communities and country.

This is a solicitation of insurance and an agent/producer may contact you.

WoodmenLife Medicare Supplement plans are not connected with or endorsed by the U.S. government or the federal Medicare program.

NOTE: In some states, Medicare Supplement certificates (all plans in CO) are available to those eligible for Medicare due to a disability, regardless of age.

Securities are offered through Woodmen Financial Services, Inc. (WFS), 1700 Farnam Street, Omaha, NE 68102, member FINRA/SIPC, a wholly owned subsidiary of Woodmen of the World Life Insurance Society (collectively “WoodmenLife”). Securities other than the WoodmenLife Variable Annuity are issued by companies that are not affiliated with WoodmenLife. This material is intended for general use with the public. WFS is not providing investment advice for any individual or any individual situation, and you should not look to this material for any investment advice. WFS has financial interests that are served by the sale of these products or services.

WoodmenLife Extras are available to members. An individual becomes a member by joining our shared commitment to family, community and country, and by purchasing a product. These extras are not contractual, are subject to change and have specific eligibility requirements, such as length of membership, number of qualifying members in household and/or qualifying event.

Check out the background of Woodmen Financial Services, Inc. on FINRA’s BrokerCheck.

Business Continuity Plan | All products may not be available in all states. | Not all Representatives are licensed to sell all products.

A+ Financial Rating

This company was issued a A+ (Superior) rating by the AM Best Company, click for additional details. WoodmenLife has been awarded a rating of A+ (Superior), the second highest ranking out of 15, for its financial strength and operating performance in 2022 by AM Best, an independent rating company that is nationally recognized for its objective reporting and rating of insurers.

International Use

This Site is not intended for access outside of the United States, including those individuals who reside in the European Economic Area (“EEA”). WoodmenLife makes no representation that materials on the Site are appropriate or available for use in locations outside of the United States, and accessing them from territories where their contents are illegal is prohibited. Those who choose to access the Site from outside of the United States do so on their own initiative and are responsible for compliance with local laws.

Ratings & Awards

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This company was issued a secure rating by the A.M. Best Company

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WoodmenLife is a proud member of American Fraternal Alliance

© 2023 Woodmen of the World Life Insurance Society
Omaha, Nebraska