Knights of Columbus Insurance

Metro Omaha, Nebraska

 

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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.

 

News

Check back frequently for updates.

These latest news from the Our Lady of Lourdes Knights of Columbus Council. You may want to search for topics by keyword.

The Our Lady of Lourdes Knights of Columbus continues to distinguish itself among councils in Omaha and Nebraska.

  • McGivney Award 2002
  • Star Council 2003
  • Star Council 2004
  • Tootsie Roll Award 2005
  • Star Council 2005
  • Membership Award 2005
  • Double Star Council 2006

The council sponsors two major social events at the church:

  • Valentine's Dance in February
  • Halloween Dance in October

and sponsors fall and spring parish grounds beautification efforts.

The council also sponsored the 2005 erection of the Lord's Ten Commandments & Beatitudes (Project Moses) at the corner of 32nd Avenue & Ed Creighton Ave. (between Frances & Martha Sts) in front of the school.

The council takes an active part in parish life by working at the parish festival's food booth.

The council's Christmas party is a hit with children and adults alike.

 

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Copyright © 2007 Tim A. Heller, Knights of Columbus
Last modified: April 11, 2009