Knights of Columbus moves up Fortune’s list of top companies
The Knights of Columbus moved up to number 909 on Fortune magazine’s recently released 2013 ranking of America’s top 1,000 companies.
Last year, Fortune’s list ranked the Knights of Columbus at 912 in total revenues among the nation’s top companies. Over the past six years the Knights of Columbus has climbed 56 spots on the list — up from 965 in 2007.
The Knights of Columbus does extensive charitable work worldwide, and operates as a fraternal benefit society offering protection to its members and their families through high quality life insurance, annuities, disability income insurance and long term care insurance. The Knights of Columbus has earned the highest possible rating from A.M. Best (A++ Superior) for the past 37 consecutive years. And no insurer in North America is more highly rated.
The Knights of Columbus has nearly $90 billion of life insurance in force — more than twice the amount of insurance in force when Carl Anderson was elected Supreme Knight and CEO in 2000. The organization also has nearly $20 billion in assets under management.
“Our growth is directly linked to the commitment we have always held to provide quality insurance coverage to our members and their families,” said Anderson. “Our dedicated network of agents, who are Knights themselves, coupled with sustainable business and investing strategies, serves our members’ insurance needs and sustains their confidence, enabling us to grow consistently.”
Despite the weakness of the overall economy, the Knights of Columbus has enjoyed record growth during the last five years and is stronger now, relative to the industry, than it was in 2008.