Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CUNA Mutual financial strength affirmed by A M Best
MADISON, Wis. (12/19/12)--A.M. Best Company has affirmed the financial strength rating of CMFG Life Insurance Co. (CMFG Life) at "A" (Excellent), said CUNA Mutual Group.

The ratings agency 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 Co. 

The outlook for all of the ratings is stable, A.M. Best said.

A.M. Best cited CMFG Life's continued position as the leading provider of life/health insurance products to members and employees of credit unions. It also referenced the company's "more than adequate risk-adjusted capitalization as measured by Best's Capital Adequacy Ratio, consistently positive net-operating gains and its strategic initiatives to grow ancillary lines of business to improve product and revenue diversification outside its niche."

A.M. Best also cited 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."

A.M. Best also upgraded a CMFG Life subsidiary, MEMBERS Life Insurance Company to "A" (Excellent) from B++ (Good) and affirmed its stable outlook.

The credit rating organization serves the financial services industry.


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
1 day ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
1 day ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
1 day ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
1 day ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
1 day ago