The Edmond Sun

June 10, 2013

Knights of Columbus moves up Fortune’s list of top companies 


Special to The Sun

OKLA. CITY — 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. During 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.

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,” Anderson said. “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 past five years and is stronger now, relative to the industry, than it was in 2008.

The Knights of Columbus was established 131 years ago to enable members to protect their families financially. There are more than 1.8 million members in North and Central America, the Caribbean, the Philippines and Eastern Europe.

Knights of Columbus members last year set records by providing more than 70 million hours of charitable service and more than $158 million in donations to charitable causes. Cumulative figures show that, during the past decade, the K of C has donated more than $1.436 billion to charity and provided 664 million hours of volunteer service in support of charitable initiatives.