Strong operating results in its core credit union business led to earnings growth in 2013 for CUNA Mutual Group, the company said Thursday.
The Madison, Wis.-based firm said it recorded $162 million of net income in 2013, compared to $150 million in 2012.
Strong operating results, particularly in lending, life and health and property & casualty products, helped offset weather-related losses in the company's crop insurance business, according to CUNA Mutual. Solid investment performance also contributed greatly to higher net income in 2013, the company noted.
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