News Release

WoodmenLife Finishes 2016 in Superior Financial Position

February 24, 2017

Once again, WoodmenLife has finished their fiscal year posting record highs in assets and surplus, those resources needed for strong financial stability and to meet their obligations to customers.  

  • WoodmenLife’s total assets grew from $10.67 billion in 2015 to $10.85 billion at the end of 2016.
  • The face amount of insurance in force grew to more than $38 billion in 2016, also an all-time high.
  • Surplus is at a record high, growing more than eight percent from 2015 to 2016 to $1.27 billion.
  • WoodmenLife follows a conservative investment strategy, investing more than two-thirds of their invested assets in bonds.

The positive trends in financial growth and stability along with the organization’s conservative investment philosophy ensures it remains in superior financial condition and has the ability to meet its ongoing insurance and contract obligations to policyholders.

This was reiterated by A.M. Best, an independent financial rating agency, when it announced that it has affirmed WoodmenLife’s A+ (Superior) financial strength rating for 2016. This rating is based on a comprehensive and qualitative evaluation of WoodmenLife's balance sheet strength, operating performance, and business profile.

“We remain in a superior financial position, and we continue to make sound decisions based on the best interests of our customers as we have for the last 126 years,” said Larry King, WoodmenLife President and CEO. “Our assets and surplus are at record highs, and we continue to be well-positioned for the long-term financial strength and stability of our organization.”

To find out more about WoodmenLife’s financials, visit woodmen.org/about/financial-strength.cfm.

About A.M. Best Company

A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors. Policyholders and depositors refer to Best's ratings and analyses as a means of assessing the financial strength and creditworthiness of risk-bearing entities and investment vehicles. To learn more about A.M. Best, visit ambest.com.

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