MILWAUKEE, WISCONSIN – Trusted Fraternal Life, a fraternal benefit society headquartered in Milwaukee, Wisconsin, maintains an A insurance financial strength rating with a stable outlook from the Kroll Bond Rating Agency (KBRA), a global, full-service rating agency.
The agency’s report states that the rating reflects Trusted Fraternal Life’s ability to effectively manage reserves that are well balanced between annuities and life insurance and are supported by a conservative, high-quality, fixed-income investment portfolio.
The report further mentions how strong governance and the recent mergers with Woman’s Life Insurance Society and Catholic United Financial have strengthened Trusted Fraternal Life’s position as a leader in fraternal consolidation, increasing reserve balances and providing operational efficiencies. Given Trusted Fraternal Life’s strong leadership team and risk-adjusted capital position, KBRA believes Trusted Fraternal Life’s financial strength can withstand a range of stress scenarios.
“This independent rating affirms our financial strength and our ability to deliver on the promises we make to our members—to be there for them through every stage of life,” said President and CEO John Borgen.
Factored alongside Trusted Fraternal Life’s financial strength, the report noted the organization has earned recognition as a Top Workplace for 11 consecutive years and achieved a milestone in 2024 by becoming the first and only company to receive the Southeast Wisconsin Award for Social Responsibility.
“This recognition underscores our commitment to our associates and our dedication to creating a positive social impact,” said Borgen. “It also aligns with our vision to engage more people to enjoy financially secure, purposeful lives.”
About Trusted Fraternal Life
Established in March 2024 by Catholic Financial Life, Trusted Fraternal Life and its family of brands includes Catholic Financial Life, Degree of Honor, Woman’s Life Insurance Society, and Catholic United Financial. Trusted Fraternal Life is committed to building the NextGen fraternal benefit society as an innovative leader in fraternal partnerships and consolidation. For more information, visit trustedfraternallife.org.
Contact:
Debbie Michalak, Director Marketing & Communications
(414) 278-6487 | Debbie.Michalak@cfl.org