Madison, Wis.-based insurer said it recorded $162 million in net income in 2013, up from $150 million in 2012.
A.M. Best confirms ratings for credit union insurance giant.
Insurer says accidental death, dismemberment coverage now available to more than 44 million members.
Ratings agency cites company’s capitalization, diversification in issuing stable outlooks
Robert N. Trunzo has been promoted to president of CMFG Life Insurance Co. at CUNA Mutual Group. Trunzo will be responsible for the products, distribution and service of the company’s U.S. credit union businesses as well as its 401(k) business, according to CUNA Mutual.
Robert N. Trunzo has been promoted to president of CMFG Life Insurance Co. at CUNA Mutual Group. He had been EVP and COO of CMG.
Due to growth in its lending and asset accumulation businesses, CUNA Mutual Group said it posted strong second-quarter results.
Over the past few years, CUNA Mutual Group has focused on bolstering a number of areas to weather the most recent financial crisis.
CUMIS Insurance Society’s and Producers Agriculture Insurance Co.’s financial strength ratings both now have "A" ratings from A.M. Best.
While financial ratings agency A.M. Best has affirmed CMFG Life Insurance Co.’s financial strength as excellent, the firm still lists the company’s outlook as stable.