Modern Woodmen of America strives to improve quality of life for members

Modern Woodmen of America reports strong fraternal and financial results for year-end 2024, including increased life insurance in force, growth of surplus and continued community impact. The fraternal financial services organization has pioneered strong financial futures for its members for 142 years.

Modern Woodmen's mission is an obligation and commitment to improving quality of life for its members. This mission goes beyond the vital work of helping people secure their financial futures through life insurance, retirement plans and investments*. It includes fraternalism - member programs and benefits that offer social, educational and volunteer opportunities to make further positive impact on families and communities.

"Our 2024 results reflect the work we've done to fulfill our mission - from growth in net income and members' life insurance coverage to enhanced member programs and much more," said President and CEO Jerry Lyphout. "None of this would be possible without the skills and talents of our field representatives and employees. We thank our members for their continued trust in our organization."

• Life insurance in force grew to $45.17 billion. Continued life insurance growth shows the value of protection during hardship.
• Total assets increased to $18.17 billion, while liabilities equaled $15.57 billion. Modern Woodmen's solvency ratio of 116.67% continues to exceed the industry average, supporting the organization's commitment to members.
• Fraternal support for members and their communities totaled $17.4 million. These expenditures funded Modern Woodmen programs, such as college scholarships, matching funds for member-chosen causes in their communities, a national campaign supporting animal-related causes, and much more.

Life insurance in force safeguards members' futures

Life insurance in force, the total amount of life insurance owned by members to protect their families financially after a death, increased to $45.17 billion in 2024. Payments and benefits to members totaled $1.52 billion for the year. This includes death benefits, annuity payments and surrender benefits.

Strong asset base backs promises made to members

Modern Woodmen's assets, which are invested primarily in high-quality, low-risk corporate and government bonds, totaled $18.17 billion at year-end and generated $730.1 million in investment income. Total life insurance and annuity premium income totaled $1.04 billion.

Total surplus continues to grow each year, reaching $2.6 billion at year-end 2024. This surplus ensures Modern Woodmen's ability to meet unforeseen events and provide funds for future growth opportunities.

Modern Woodmen's solvency ratio reached 116.67%. That means for every $100 of liabilities, Modern Woodmen has $116.67 in assets that back its promises to members.

Fraternal programs also work to improve members' quality of life

Nearly 700,000 people throughout the United States are Modern Woodmen members. In 2024, the organization contributed $17.4 million to support member- and community-oriented programs across the nation. Examples from 2024 include:

• The Wild About Animals initiative, celebrating the important role animals play in our lives and environment - from supporting mental and physical health to providing community service. In 2024, members helped animal shelters, local pets and service animals through fundraisers, donations, and more!
• Modern Woodmen's Financial Relief Fund covered over $80,000 in premiums for members experiencing financial distress due to medical or natural disasters.
• The Birthday Book Club gave over 17,000 children a free book for their birthdays.
• Make An Impact Scholarships® awarded $450,000 to 198 member students.
• Nearly 250,000 volunteer hours were contributed by members and their guests through Modern Woodmen service projects.
• Member chapters and youth clubs supported over 3,500 community fundraisers through Modern Woodmen's Matching Fund Program. In partnership with community groups, members helped raise a total of $55.9 million, including $5.5 million of Modern Woodmen's direct matching contributions, in 2024.

About Modern Woodmen

Modern Woodmen of America was founded in 1883 to clear financial burdens - not trees. As a fraternal financial services organization, Modern Woodmen's products and programs support financial security, quality family life and community impact - the common bonds that unite our members nationwide.

*Securities offered through MWA Financial Services Inc., a wholly owned subsidiary of Modern Woodmen of America.

Subject to change, fraternal programs are not part of the contract and may have specific eligibility requirements. Some programs are not available to all members.