AM Best confirms the credit rating of the Knights of Columbus – QNT Press Release

Best morning The Knights of Columbus (New Haven, Connecticut) have an A+ (advanced) financial strength rating and an “aa” (advanced) long-term issuer credit rating. The outlook for these credit ratings (ratings) is stable.

This rating reflects the strength of the balance sheet of the order, which AM Best rated it as the strongest, as well as its strong operating performance, good business conditions and proper corporate risk management.

The rating also reflects the absolute and strongest assessed risk-adjusted capital, as measured by the best capital adequacy ratio (BCAR). The earnings quality is good, the reinsurance utilization rate is low, there is no financial leverage, the investment asset base is highly diversified, and the overall credit quality is good. Supported by strong underwriting, the order reported an overall stable earnings trend, which resulted in a favorable mortality rate. Persistence is supported by its member base, and it turns out that these members are very loyal. The higher mortality rate has had a certain impact on income…

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