Press Release - FEBRUARY 23, 2017

A.M. Best Revises Outlooks to Stable for Woodmen of the World Life Insurance Society


CONTACTS:
 Keith Behrmann
Financial Analyst
+1 908 439 2200, ext. 5733
keith.behrmann@ambest.com

Bill Pargeans
Director
+1 908 439 2200, ext. 5359
william.pargeans@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

FOR IMMEDIATE RELEASE

OLDWICK - FEBRUARY 23, 2017
A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” of Woodmen of the World Life Insurance Society (WoodmenLife) (Omaha, NE).

The outlook revisions to stable reflect actions taken by WoodmenLife’s management to offset the impact of low interest rates by reducing the guaranteed minimum interest rates (GMIR) on its annuities and universal life policies, converting older policies to lower GMIRs, and increasing sales of more credit-worthy traditional life products. Additionally, the organization has reported positive trends in operating earnings supporting strong risk-adjusted capitalization and sustained growth in unassigned funds. Partially offsetting Credit Rating (rating) factors are trends of increasing reserves related to interest-sensitive products, declining portfolio yields impacting spread margins, and declining membership totals.

This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.

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AMB# Company Name
007259 Woodmen of World Life Insurance Soc