Woodmen of the World Releases 2012 Annual Report
Omaha, Neb. – Woodmen of the World Life Insurance Society’s 2012 financial performance included gross revenue of $1.2 billion and a net gain before member refunds of $91 million, according to an annual report released March 27 by the fraternal benefit organization. According to the report, Woodmen of the World remains strong with $110 of assets for every $100 of liabilities.
“We were pleased to see premium income surpass $800 million, and we have our members to thank. That’s the great thing about our organization – the more our members trust us, the better we do financially,” said Larry King, President and CEO of Woodmen of the World.
Investment income reached $419 million, and life insurance in force stands at $36.4 billion. Woodmen of the World’s premium income from life insurance and annuity products in 2012 reached over $806 million. The company provided $528 million in benefit payments to members and their beneficiaries and returned more than $77 million in member refunds.
To view the 2012 Annual Report, visit http://www.woodmen.org/about/financialrating.cfm.
Woodmen of the World was founded in 1890 as a not-for-profit. We give back to our member-customers and the communities we live in. Today, Woodmen of the World offers insurance, annuities, mutual funds,* and 529 College Savings Plans.* More than 700,000 Woodmen of the World member-customers across the country share a commitment to family, community and country. To learn more about Woodmen of the World, visit woodmen.org.