WoodmenLife Releases 2015 Annual Report

WoodmenLife’s 2015 financial performance included total income of $1.2 billion and a net gain before member dividends of $94 million, according to an annual report released March 9 by the fraternal benefit organization. Even with the current economic and financial climate WoodmenLife remains strong with $112 of assets for every $100 of liabilities.

“WoodmenLife continues to have a conservative investment philosophy, and it serves our organization and our members well, as assets now total nearly $10.7 billion. The 25 percent growth in our assets over the past five years is a direct result of the quality of our portfolio and the trust of our valued members,” said Larry King, WoodmenLife President and CEO. “And we strive have their best interests in mind as we ensure our continued financial stability.”

Investment income exceeded $408 million, and life insurance in force stands at $37.6 billion. WoodmenLife’s premium income in 2015 surpassed $793 million. The organization provided $586 million in benefit payments to members and their beneficiaries and returned more than $51 million in member dividends.

WoodmenLife was founded in 1890 as a not for profit. We give back to our more than 700,000 member customers, who share a commitment to family, community and country, and the communities in which they live. With a legacy of financial stability, WoodmenLife offers insurance, annuities, mutual funds,* and 529 College Savings Plans.* To learn more about WoodmenLife, visit woodmen.org.