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CUNA Mutual Group Financial Strength Affirmed by A.M. Best
Friday, December 13, 2013 6:55 AM

A.M. Best Company has affirmed the financial strength rating of CMFG Life Insurance Company (CMFG Life) and MEMBERS Life Insurance Company at “A” (Excellent).  A.M. Best also affirmed the “A” (Excellent) rating for CMFG Life’s property/casualty subsidiaries:  CUMIS Insurance Society, Inc., CUMIS Specialty Insurance Company, Inc., Producers Agriculture Insurance Company and Producers Lloyds Insurance Company.  The outlook for all ratings is stable.

In affirming CMFG Life’s “A” rating, A.M. Best cited the company’s more than adequate risk-adjusted capitalization, consistently strong operating results, its position as the leading provider of life and health insurance products to members and employees of credit unions and its strategy to grow ancillary business lines that provide product and revenue diversification outside the credit union marketplace.

Also cited was CMFG Life’s “supportive level of risk-adjusted capitalization, conservative balance sheet, overall operating profitability and well-established niche position in the credit union and multi-peril crop insurance segments.”

Regarding CUNA Mutual Group’s property/casualty subsidiaries, A.M. Best recognized their favorable level of risk-adjusted capitalization, conservative balance sheet, overall operating profitability and well-established niche position in the credit union and multi-peril crop insurance segments.

According to A.M. Best, “CMFG Life and its entities are well positioned at their current rating levels.”

Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors. More information on A.M. Best can be found at www.ambest.com.