Notes from CUNA Mutual CEO Jeff Post on company's 2006 financials:
Operating Gain: $178.1 million, or $47 million (36%) increase over 2006
Revenue (includes investment income) $2.894 billion
Operating Revenue: $2.397 billion
Operating Revenue Growth: 7.1%
Return on Equity: 11.4%
Benefits Paid to CUs (Total $1.4B)
Fee Income: $186 million
P&C Claims: $208 million
Loan Repayments: $448 million
Life, Disability, P&C Claims to Members: $548 million
Investment Results Portfolio Book Yield: 109 BP increase
General Account Fixed Income Return: beat PIMCO by 77 basis points and BlackRock by 44 basic points
General Account-Equity Portfolios
In 2006, only 19% of all actively managed equity portfolios exceeded the S&P 500 return of 15.29%. CUNA Mutual's general account equity portfolio returned 20.92%. In addition, MEMBERS Mutual Funds/Ultra Series Funds Equity Portfolios all improved their one-year performance results against the Lipper and Morningstar peers.
