Knights of Columbus reach $100 billion in life insurance

Nov 9, 2015 / 14:29 pm

The Knights of Columbus announced last week that they have surpassed $100 billion of life insurance in force, adding to a year of record-breaking sales.

"The $100 billion milestone is not simply a number," said Supreme Knight Carl Anderson in a statement. "It highlights the fact that each year we are protecting the future of more Catholic families, continuing the mission of our founder, Venerable Father Michael J. McGivney."

"With each dollar of top-rated insurance in force that our professional agency force adds, additional, meaningful security is provided to the families whose livelihoods we protect."

Established in 1882, the Knights of Columbus is now the world's largest Catholic fraternal organization with almost 1.9 million members across the globe. It offers life insurance to its members and their families through a network of over 1,500 member agents in the U.S. and Canada.

The Knights have also set a record of $8 billion in insurance sales this year. They have earned the highest rating of A++ Superior from AM Best for the 40th year in a row and were named by the Ethisphere Institute as a "World's Most Ethical Company" for the second year in a row.

One of the largest life insurance providers in North America, the Knights of Columbus manage $21 billion in assets and are on the 2015 Fortune 1000 list.