CUNA Mutual Group financial strength affirmed by A.M. Best

A.M. Best Affirms Ratings of Subsidiaries of CUNA Mutual Holding Company

MADISON, WI (January 8, 2015) — 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. and CUMIS Specialty Insurance Company, Inc.  A.M. Best has assigned an issuer credit rating of “bbb” to CUNA Mutual Financial Group, Inc., the intermediate holding company within the group. The outlook for all ratings is stable.

“CUNA Mutual Group is committed to long-term growth,” said Alastair Shore, executive vice president and chief financial officer for CUNA Mutual Group. “This confirmation of our financial ratings is important to us as we shape the company that will serve credit unions and members for generations to come.”

In affirming CMFG Life’s “A” rating, A.M. Best cited the company’s “position as the leading provider of insurance and financial services products to credit unions, their employees, and members, strategic changes to the organizational structure to improve capital flexibility, prudent capital management and reduction in investment risk.” Also cited was the company’s modest financial leverage with strong interest coverage.

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 segment. Producers Agriculture Insurance Company and its 100 percent reinsured affiliate, Producers Lloyds Insurance Company both of Amarillo, Texas, which were previously rated with the property/casualty entities, were acquired by HCC Insurance Holdings, Inc. effective Jan. 1, 2015.

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

CUNA Mutual Group was founded in 1935 by credit union pioneers, and our commitment to their vision continues today. We offer insurance and protection for credit unions, employees and members; lending solutions and marketing programs; TruStageTM-branded consumer insurance products; and investment and retirement services to help our customers succeed. More information is available on the company’s website at

CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Life, accident, health and annuity insurance products are issued by CMFG Life Insurance Company. Property and casualty insurance products are issued by CUMIS Insurance Society, Inc. Each insurer is solely responsible for the financial obligations under the policies and contracts it issues. Corporate headquarters are located in Madison, Wis.

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