Major Rating Factors:
Good overall results on stability tests (5.8 on a scale of 0 to 10) despite fair financial strength of affiliated CUNA Mutual Ins Group and negative cash flow from operations for 2024. Other stability subfactors include good operational trends and excellent risk diversification. Good overall profitability (6.8). Return on equity has been low, averaging 2.8%. Strong capitalization (8.0) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (7.5). Excellent Liquidity (10.0).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
Principal Lines of Business:
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Licensed in:
All states except NY, PR
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
CUNA Mutual Ins Group
Investment Rating
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Company Address
2000 HERITAGE WAY
WAVERLY, IA 50677
WAVERLY, IA 50677
Phone Number
(608) 238-5851
NAIC Number
86126
Website
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Largest Affiliates