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Annual Report
"2008 was a good year for Woodmen of the World. In fact, it was a record year in terms of premium income. We remain in a strong financial position, thanks to our conservative investment philosophy, and the continued trust from our valued members," said Danny Cummins, President and CEO of Woodmen of the World. The company provided more than $490 million in benefit payments to members and their beneficiaries and returned more than $130 million in member dividends.
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Omaha, Neb. — Woodmen of the World's 2008 financial performance included a record setting gross revenue of $1.26 billion and a net gain before member dividends of $199.6 million. Even with the current economic and financial climate Woodmen of the World remains strong with $111 of assets for every $100 of liabilities.
Omaha Woodmen Life Insurance Society, a Nebraska corporation that is licensed as Woodmen of the World Life Insurance Society (Woodmen of the World) in all states and the District of Columbia, except CA, CO, ID, MT, NV, OR, UT, WA and WY. In those states, Woodmen of the World is licensed as Omaha Woodmen Life Insurance Society (Woodmen). For consumers in those states, Woodmen of the World means Woodmen. Not all products are available in all states. Not all representatives are licensed to sell all products. Securities are offered and processed through Woodmen Financial Services, Inc., 1700 Farnam Street, Omaha, NE 68102, 877-664-3332, member FINRA/SIPC and MSRB, a wholly owned subsidiary of Woodmen of the World Life Insurance Society and/or Omaha Woodmen Life Insurance Society. Securities other than Woodmen Variable Annuity are issued by companies that are not affiliated with Woodmen of the World Life Insurance Society and/or Omaha Woodmen Life Insurance Society.
Products are offered and processed through Woodmen Insurance Agency, Inc., a wholly owned subsidiary of Woodmen of the World Life Insurance Society and/or Omaha Woodmen Life Insurance Society. These products are issued by carriers that are not affiliated with Woodmen of the World Life Insurance Society and /or Omaha Woodmen Life Insurance Society.