WoodmenLife’s 2023 Annual Report: Building Our Tomorrow to Help Protect Yours

WoodmenLife is committed to being here when you need us most. This requires planning and decision-making that put your interests first. We’re building our tomorrow so we can help protect yours.

Our organization is determined to be there for our members¹ now and in the future. We make decisions in the best interest of their lifetime financial security. Our stable approach has paid off, as shown in our 2023 Annual Report. We are an $11.3 billion² organization, with a surplus of $1.7 billion. Additionally, we’ve been rated A+ Superior by AM Best³ for the 48th consecutive year.

When one year ends, we look forward to the next. We’ve learned that purposeful, strategic planning throughout the year is crucial to building our tomorrow.

Looking Ahead

To build for tomorrow, we must look at what a changing world demands of us. We’re leveraging data and technology to make informed decisions for our future. These decisions, coupled with increasing efficiencies, will be crucial to shaping the future for our organization and the members we serve.

Everything we do is done to ensure we’re here tomorrow standing strong, just like we’ve always done. This kind of financial stability can be a comfort for our members. They need to know their financial security is rooted in an organization with strong year-over-year financial performance.

Making a Difference

In addition to our commitment to protecting the financial security of families, we’re also committed to serving their communities and honoring our country. We’re building our tomorrow by making a difference in hometowns across America.

The WoodmenLife family assists in the aftermath of natural disasters, fights hunger, honors Veterans and First Responders, and supports teachers and schools. We provide scholarships to help students pursue their higher education goals. We support our members’ children who have lost their parents. We also celebrate our American freedoms by presenting U.S. flags to local nonprofit organizations and participating in patriotic activities.

Showcasing Our Efforts

These are some of the ways our family is committed to helping yours at every stage in life:

• National Community Focus — We made fighting hunger across America our National Community Focus in 2015. In 2023, together with our members, we donated $202,746 and 168,112 pounds of food to help fight food insecurity
• Giving Together Program — Volunteers conducted 500 community service projects, including cleanups, beautification and painting, across the country during 2023. More than $241,000 was spent supporting these projects, and 14,620 volunteer hours were spent completing them
• U.S. Flag Donations — We presented 12,740 U.S. flags valued at $292,325 during 2023. We also donated 3,572 specialty flags amounting to $63,896 during the year

Learn more about WoodmenLife and read about our financial strength.

1. An individual becomes a member by joining our shared commitment to family, community and country, and by purchasing a WoodmenLife product.

2. Liabilities of $9.6 billion; as of Dec. 31, 2023.

3. Effective Feb. 1, 2024, WoodmenLife is rated A+ Superior by AM Best for our financial strength and operating performance. For the latest Best’s Credit Rating, access www.ambest.com.

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