Over the past few years, CUNA Mutual Group has focused on bolstering a number of areas to weather the most recent financial crisis.
While the 550,000 policyholders of the newly restructured CMFG Life Insurance Co. may not see any substantial changes, the firm’s parent company is looking forward to how the move will help it diversify and expand beyond the credit union industry.
CUNA Mutual's decision to diversify helped the credit union insurance giant increase its net income year over year despite the poor economic times.
After a 41 year run, CUNA Mutual Group is pulling its operations out of Australia through a sale to an international insurance firm based down under.
Building capital for future projects, CUNA Mutual Group said it has entered into an agreement with institutional investors to issue $85 million in fixed-rate, 20-year surplus notes.
With $85 million in newly-raised capital, CUNA Mutual Group has its sights set on more acquisitions adding to the 401(k) provider and crop insurer companies it bought in 2009.