Knights of Columbus Insurance

Metro Omaha, Nebraska

 

[ Home ]

A MUST SEE VIDEO FOR EVERY CATHOLIC....

Remember to Vote on November 4th.  Lives depend on you.

 

Statement on Financial Services Markets and the Knights of Columbus
 
by Carl A. Anderson, Supreme Knight
 The upheaval in the financial markets in recent days has caused a great deal of concern virtually everywhere, among financial services professionals, regulators and consumers alike. Every major financial institution has been affected by the turmoil because of the complexity of our economy, and we are no exception.

  

Standard & Poor's on the Knights of Columbus:  “liquidity is viewed as extremely strong, reflecting an asset portfolio that consists primarily of high-quality, investment grade bonds.”

A++ - AM Best

AAA - Standard & Poor's

IMSA Certified

But I report to you today that there is no reason to be concerned about the value of your Knights of Columbus annuity or life insurance. Because of our very conservative approach to investing our $14 billion in assets, the impact on the Knights of Columbus has not been material, in other words, it has been minimal – far smaller than for many other organizations and the industry as a whole. We have purposefully avoided investing in the highly complex and speculative investments that have brought disaster to some of America’s most well known companies.

What Standard & Poor’s said of us just one month ago when they reaffirmed our AAA rating for the 16th consecutive year remains true today. Our “liquidity is viewed as extremely strong, reflecting an asset portfolio that consists primarily of high-quality, investment grade bonds.” S&P also stated that our “investment portfolio has very strong credit quality” and our capital adequacy is “among the strongest in the industry.” This is the case today. Our capitalization is, and remains, “extremely strong.”

Our surplus stood at more than $1.7 billion on June 30 of this year, providing an unusually large cushion of protection against turmoil of the sort we have seen in recent weeks.

One crucial area continues to set us completely apart from those firms which have incurred enormous debt. We have no debt on our balance sheet. Our strong cash flows and extremely strong financial position makes it unnecessary for us to borrow funds at all.

As a result, our financial condition remains extremely strong, and you can be certain that you are fully protected by one of the strongest and most reliable insurance programs in the entire industry.

 

Our Lady of Lourdes Knights of Columbus Council Chartered

Council #13080 established February 25, 2002

Omaha -- Nebraska's newest Knight of Columbus Council has been chartered at Our Lady of Lourdes Catholic Church.  The Our Lady of Lourdes Council was chartered by the Knights of Columbus Supreme Council on February 25, 2002 with 43 members.

Charter members include:

Rev. William D. L'Hereux Kurt M. Dai Jeffrey D. Janda David J. Mitzlaff Raymond A. Rowan
Rev. John F. Montag William J. Daley James G. Jandrain Matthew L. Montag Brett M. Satterlee
Eric G. Barnsten Thomas W. Ewin Raymond E. Krause John P. Moore Roger L. Schmeits
Joseph H. Blankman Ted J. Fortezzo Jeffrey T. Lampe Frank P. Murcek Daniel J. Sobetski
Joseph M. Blazevich Steven L. Garabrandt Mark L. Lampe Bruce E. Namuth Patrick M. Vacanti
Daniel P. Burke Stephen M. Gerhardt Marc Lim Daniel J. Pavlik Timothy J. Vaughn
Robert F. Coate Timothy A. Heller Phillip R. Lordemann Matthew H. Peters Robert M. Volpert
Gary S. Collett Gary A. Hinkle James F. Mayberger Robert L. Recker  
Douglas A. Cornet David C. Holmes, Jr. Kevin R. Mayer Jacob E. Render  

Meetings are to be held the fourth Monday of each month at 7:00 PM at Saint Bernadette's Hall beneath Our Lady of Lourdes Church.

 

Hit Counter

[ Home ]

Send mail to tim.heller@kofc.org with questions or comments about this web site.
Copyright © 2007 Tim A. Heller, Knights of Columbus
Last modified: October 01, 2008