News Release

WoodmenLife Finishes 2018 in Superior Financial Position

February 7, 2019

WoodmenLife finished its fiscal year with tremendous financial stability and more than enough resources to meet its financial obligations to its members.

Notable achievements for year end 2018 included:

  • Assets of $10.95 billion
  • Face amount of insurance in force topping $38.7 billion
  • Record surplus of $1.43 billion

These positive results and a conservative investment philosophy – with more than two-thirds of invested assets in bonds – ensure WoodmenLife remains in superior financial condition and meets its ongoing insurance and contract obligations to policyholders.

This was reiterated by A.M. Best, an independent financial rating agency, when it recently re-affirmed WoodmenLife’s A+ (Superior) financial strength rating and stable outlook for 2019. This rating is based on a comprehensive and qualitative evaluation of WoodmenLife’s balance sheet strength, operating performance, business profile and enterprise risk management capabilities.

“WoodmenLife had another successful year, and the A.M. Best rating reaffirms the work we’re doing on behalf of members,” said President & CEO Patrick L. Dees. “We appreciate the trust families across America have put in us and our conservative approach. It speaks volumes about our mission of helping hard-working families.”

To find out more about WoodmenLife’s financials and to view the organization’s annual reports, visit WoodmenLife.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.

WEB114 - 6/1/2015