MADISON, Wis. (12/13/13)--A.M. Best Co. affirmed the financial strength rating of CMFG Life Insurance Co. (CMFG Life) and MEMBERS Life Insurance Co. at "A" (Excellent), announced CUNA Mutual Group.
"CMFG Life and its entities are well positioned at their current rating levels," according to A.M. Best.
A.M. Best also affirmed the "A" (Excellent) rating for CMFG Life's property/casualty subsidiaries CUMIS Insurance Society Inc., CUMIS Specialty Insurance Co. Inc., Producers Agriculture Insurance Co. and Producers Lloyds Insurance Co. The outlook for all ratings is stable.
In affirming CMFG Life's "A" rating, A.M. Best cited the company's more than adequate risk-adjusted capitalization, consistently strong operating results, its position as a leading provider of life and health insurance products to credit union members and employees and its strategy to grow business lines outside the credit union marketplace.
Both CMFG's Life and CUNA Mutual Group's property/casualty subsidiaries were recognized for favorable level of risk-adjusted capitalization, conservative balance sheet, overall operating profitability and well-established niche position in the credit union and multi-peril crop insurance segments.
Founded in 1899, A.M. Best Co. is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors.