A Fortune 1000 company born beneath an altar.
The Knights of Columbus is one of the largest life insurers in North America, and the largest Catholic life insurer in the world. *
Six numbers tell the story of Knights of Columbus strength:
In November of 2015, the Knights of Columbus surpassed $100 billion of life insurance in force.
Insurance in force is a calculation of the total amount of money owed to policy holders. Put differently, $105 billion of life insurance in force means that the Knights of Columbus has a $105 billion promise to members and their families.
The Knights of Columbus manages $22 billion of assets from their international headquarters in New Haven, Conn.
The Knights of Columbus manages its assets in an ethical and responsible way. The Knights does not invest in companies that deal in: abortions, contraception, human cloning, embryonic stem cell research, for-profit health care that pays for any of the aforementioned, and pornography.
In 2015 alone, the Knights of Columbus distributed $875 million to members and their beneficiaries in benefits, claims, maturities, annuities and dividends.
The Knights of Columbus has more than 2 million active contracts in force. That means that hundreds of thousands of brother Knights have elected to help protect their families and their futures with the Knights of Columbus.
Despite a rough economic climate, the Knights of Columbus has experienced 17 consecutive years of sales growth.
Remarking recently on the streak, CEO and Supreme Knight Carl Anderson said:
I firmly believe that our moral compass has helped guide us through a turbulent decade and an uncertain economy. While other companies were making ethically questionable and unnecessarily risky decisions, we were not. While others were looking for novel ways to do business and to increase profits, we were not….We stayed true to our principles and knew that if we did the right thing for the right reasons, we would get the results that we wanted — and we have.
For 41 consecutive years, the Knights of Columbus has earned the highest possible rating for financial strength, currently: A++ (Superior) from ratings agency A.M. Best.
“Through conservative management, active fraternalism, and high-quality insurance products, the fraternal society has grown to a multi-billion dollar international insurance organization,” A.M. Best said of the Knights of Columbus.
“Historically,” A.M. Best’s report continued, “the order's continued statutory gains from operations after dividends coupled with realized investment gains has enabled the order to build its adjusted unassigned funds in excess of needs to an exceptional level of risk-adjusted capitalization.”
- Knights of Columbus Surpasses $100 Billion of Life Insurance in Force
- Knights of Columbus Marks 17th Consecutive Year of Sales Growth
*Ranked according to assets by Best’s Statistical Study