WoodmenLife’s Superior Financial Strength Outlook Continues
For the 49th straight year, WoodmenLife’s A+ Superior1 financial strength rating was reaffirmed by AM Best, an independent financial rating agency. 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 finished its fiscal year with tremendous financial stability and more than enough resources to meet its financial obligations to its members. Notable financial achievements for year-end 2024 included:
- Assets remained steady at $11.3 billion2
- Face amount of life insurance in force was $39.4 billion
- Surplus increased 6.4% to $1.8 billion, growing the surplus ratio to 18.8%
“This reaffirmation is a powerful endorsement of our financial strength and speaks volumes about our organization’s health,” said President & CEO Denise M. McCauley. “Most importantly, it reaffirms our unwavering commitment to our primary mission: providing peace of mind to our members.”
About AM Best Company
AM 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 AM Best, visit ambest.com.
About WoodmenLife
WoodmenLife was founded in 1890 as a not-for-profit. The organization gives back to its members across the country, who join together in a shared commitment to family, community and country. With a legacy of financial stability, WoodmenLife offers quality life insurance and retirement products. A person becomes a member when they purchase a WoodmenLife product. Members may have access to many extras they can use now. To learn more about the organization, visit newsroom.WoodmenLife.org.
- WoodmenLife is rated A+ Superior by AM Best for our financial strength and operating performance in 2024. For the latest Best’s Credit Rating, access ambest.com
- Liabilities of $9.5 billion; as of Dec. 31, 2024.