Our responsibility to members – financial strength, financial security
Protecting the funds Modern Woodmen members place with us is not only our promise, but it is an obligation we have met every day since 1883. Protecting members’ funds – Five facts to know
1. An increasing asset base
Modern Woodmen has experienced steady growth in assets. In 2015 assets increased by 4.4 percent to $14.8 billion.
of the funds members place with Modern Woodmen are backed by our $14.8
billion in assets.
2. An investment philosophy that safeguards members’ principal
Modern Woodmen manages its assets so that changes in the financial markets – recessions, depressions or periods of inflation – have minimal effect. Modern Woodmen is also careful not to follow investment fads.
To build our investment portfolio, our financial management team follows these principles:
3. High industry rating from an independent analyst Modern
Woodmen’s financial stability, security and management performance are
rated A+ Superior by A.M. Best, an independent rating agency. A+
Superior ranks second highest of 15 ratings. 4. Growing surplus and reserves Modern Woodmen’s total surplus was $1.6 billion at the
end of 2015. Surplus provides additional safety for members and
ensures Modern Woodmen’s ability to meet unforeseen contingencies and
provide funds for future growth.
Modern Woodmen’s total life
insurance, annuity and other certificate reserves increased by 4.3
percent in 2015 to more than $11 billion. These reserves are funds held to
guarantee future benefits to members.
Modern Woodmen has maintained a
solvency ratio of between 111 and 112 percent. This means that for every $100 of
liabilities – promises made to members – Modern Woodmen has more than $111 of
assets to back up those promises. 5. Adherence to state insurance department regulations
Modern Woodmen and other life insurance and annuity providers are highly regulated by state insurance departments. Regulations such as the amount of reserves to set aside and the risk level of investments provide additional protection.