With losses from catastrophes captivated low and advance in its amount business units, CUNA Alternate Group becoming $217 actor in 2015, an access of 5.3 percent from its $206 actor in balance the year before.
It was the fifth after year the Madison-based alternate allowance captivation aggregation saw profits rise.
CUNA Alternate appear $3.13 billion in acquirement in 2015, up hardly from $3.08 billion the antecedent year, with the company's TruStage life, health, auto and home allowance and its abundance administration business arch the way.
Total adapted basic of its advance activity allowance company, CMFG Activity Allowance Co., was $2.2 billion in 2015, 13 percent college than 2014 levels, while the aggregation paid $1.1 billion in claims and assets to policyholders and their beneficiaries. CMFG's surplus was $2.7 billion at year-end, collapsed from the year before.
"CUNA Alternate Group is financially able and growing," said Robert Trunzo, admiral and CEO.
"It's bright we're in an industry of alive customer decision-making, so application our assets to adjust with the alive needs of the exchange and our barter charcoal our top priority," he said.
Established in 1935, CUNA Alternate Group's articles serve acclaim unions and their members. The aggregation has about 1,900 advisers in Madison and 3,700 worldwide.
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