FINANCIAL HIGHLIGHTS

How Strong Is Woodmen of the World?

  • More than $9.3 billion in assets
  • More than $800 million in surplus
  • Rated A+ (Superior) by A.M. Best

Woodmen of the World’s financial performance in 2011 included income of nearly $1.2 billion. The volume of life insurance issued in 2011 was more than $2.9 billion. Life insurance in force reached a record $35.8 billion. Woodmen of the World has total assets of $9.3 billion, and $109 of assets for every $100 of liabilities, further indication of our strong financial position. Benefit payments to members and beneficiaries totaled $498 million, including more than $178 million in death benefits. Refunds to members were nearly $130 million.


SOURCES OF INCOME 12/31/10 12/31/11
Payments received from members for insurance and annuities
 $747,996,438
$746,010,123
Interest, dividends and rents less investment expenses and taxes 410,885,577 417,157,466
Other income 25,367,760 24,830,178
Total $1,184,249,775 $1,187,997,767
     
HOW INCOME WAS USED    
Death benefits $172,934,626 $178,049,881
Endowment benefits 1,976,385
2,252,671
Annuity benefits 172,656,530 178,171,826
Disability and hospital benefits 9,622,076 9,372,887
Payments to members and beneficiaries of monies previously deposited with the Society 35,744,340 40,638,776
Refunds to members of certificate values 129,723,306 129,632,235
Refunds to members 107,121,789 89,627,443
Set aside for members and beneficiaries to guarantee payment of future benefits 364,512,472 367,424,410
Total paid to or set aside for members and beneficiaries $994,291,524 $995,170,129
     
Fraternal benefits 1,867,010 1,969,997
Civic and community welfare, and fraternal expense 27,567,111 28,609,563
Federal, state and other taxes (insurance) 6,970,074 6,792,904
Compensation to Field Force for fraternal activities and securing new members 49,416,679 49,518,432
Insurance expense 104,137,377 105,936,742
Total $1,184,249,775 $1,187,997,767


Assets
10-year history
$ of Assets (Billions)
 Distribution of Assets

A. Bonds 67.1%
B. Mortgage Loans 14.7%
C. Other 6.2%
D. Stocks 4.9%
E. Separate Accounts 2.3%
F. Cash & Short-Term 2.0%
G. Certificate Loans 1.8%
H. Real Estate 1.0%

ASSETS 12/31/10 12/31/11
Bonds
$6,018,206,814 $6,263,377,632
Common stock 473,526,968 461,703,209
Mortgage loans 1,328,764,197 1,377,237,696
Real estate 88,932,609 90,553,114
Other invested assets 23,794,112 488,172,807
Short-term investments and cash 159,199,225 189,173,518
Certificate loans 170,643,840 170,740,710
Data processing equipment 1,202,604 679,634
Other non-invested assets 1,569,933 1,202,529
Due and accrued investment income 83,029,213 82,863,674
Separate account assets 221,698,285 214,967,776
Total admitted assets $8,570,567,800 $9,340,672,299


Insurance in Force
10-year history
$ of Assets (Billions)
 Premium Income
10-year history
$ of Assets (Millions)
LIABILITIES 12/31/10 12/31/11
Certificate reserves
 $6,726,416,541 $7,097,179,949
Certificate claims 28,594,442
36,019,902
Certificate refunds 360,942,713 344,263,205
Advance payments 10,194,455 10,893,547
Asset valuation reserve 119,447,170 106,019,926
Other liabilities 203,771,036 726,818,133
Separate account liabilities 221,698,285
214,967,776
Total liabilities $7,671,064,642 $8,536,162,438
     
Special reserve for fluctuation of assets, mortality, interest and expense and fraternal activities 899,503,158 804,509,861
Total liabilities and special reserves $8,570,567,800 $9,340,672,299
     
Dollar of assets to every $100 of liabilities $112 $109
Insurance in force $35,350,796,890 $35,826,242,307
Life insurance issued $2,952,648,334 $2,927,714,916
Benefit payments $486,912,923 $497,479,500