Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
10 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
12 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
13 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
13 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
13 hours ago