Knights of Columbus Surpasses $95 Billion of Life Insurance In Force

9/2/2014

The Order has added nearly $50 billion in last decade

The Knights of Columbus surpassed $95 billion of life insurance in force in late August, marking the latest milestone for the company, which has experienced unprecedented growth in the last decade.

“This milestone isn’t just a number,” said Supreme Knight Carl Anderson, “it’s an indication that we are protecting even more Catholic families and continuing the mission of our venerable founder, Father Michael J. McGivney. Every dollar of top-rated insurance that our professional agency force adds means real, meaningful security for the families we help protect.”

The Knights offers insurance to its members and their families through a network of 1,500 dedicated, professional agents in the United States and Canada — all of whom are members of the Knights of Columbus.

This latest milestone comes amid a year of records and accolades for the organization. In January, the Knights announced its 13th consecutive year of sales growth for their insurance business, issuing nearly $8.2 billion of business in 2013.

In June, the Knights earned its 39th consecutive A++, Superior rating for financial strength — the highest rating available — from ratings agency AM Best. No insurer in North America is more highly rated than the Knights of Columbus.

Also this year, in March, the Knights of Columbus was named a 2014 “World’s Most Ethical Company” by the Ethisphere Institute, an independent center for research promoting best practices in corporate ethics and governance. It was one of two companies named in the “life insurance” category and one of fewer than 150 total companies worldwide to earn this distinction.