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.

Nebraska General Agent:

Kevin G. Pfeifer

312 N. Elm Street, Suite 115
Grand Island, NE 68801
Phone 308-381-2075

Kevin Pfeifer has served as general agent for the state of Nebraska since 1999. Prior to that, he had served the western part of the state as general agent since 1994, and was a successful field agent from 1984 to 1993. He has been a member of the Supreme Knights Sales Club for15 years, and has finished in the top 10 as an agency for the Knights of Columbus every year since 1994. He was awarded the Fraternal Insurance Counselor’s Agency Builder Award in 1996.

The Pfeifer Agency finished at #1 as an agency for the Knights of Columbus in 1995, 1997 and 1998, and finished #2 in 1999 and has been a consistent Top 10 agency. The agency has 26 full-time, professional agents, and is currently ranked #9 in the company. They have led Nebraska to nearly $1.7 billion of life insurance in force.

Kevin has attained the professional designation of Fraternal Insurance Counselor - Fellow (FICF), Certified Senior Advisor (CSA) and has taken an active part in new council development and membership in the state of Nebraska every year as General Agent. He is currently a Trustee on the Nebraska K of C Charitable Foundation Board. He has been married to his wife, Cindy, since 1975. They have three children: Grant, Emily, Hilary.

Your Metro Omaha Knights of Columbus Field Agents are: