15/01/2026
The 2024 President’s Report for the Knights of Columbus Fraternal Association of the Philippines, Inc. (KCFAPI), led by President Danilo A. Sanchez, showcases a year of exceptional growth, digital transformation, and steadfast commitment to its mission. Under the theme "Going Beyond, Redefining Excellence," the report highlights how the association has exceeded financial targets while strengthening its role as the "Right Arm of the Roman Catholic Church" in the Philippines.
# # # 1. Financial Performance: Surpassing Milestones
The 2024 fiscal year was marked by significant financial stability and growth. KCFAPI successfully navigated market challenges to deliver results that far exceeded expectations.
Net Surplus (ERQE): The association generated an Excess of Revenues over Expenses (ERQE) of ₱77.61 million, surpassing the target of ₱52.73 million by 52.09%. This represents a staggering 110.45% increase compared to the 2023 audited results of ₱36.88 million.
Asset Growth: Total assets reached ₱7.87 billion by the end of 2024, a ₱1.4 billion increase from the previous year.
Investment Income: Net investment income rose to ₱143.4 million, a 9.04% increase year-on-year, driven by a healthy investment yield of 5.70%.
Risk-Based Capital (RBC): The RBC ratio improved significantly to 199.70% (up from 183.67%), signaling robust financial health and the capacity to meet long-term obligations to members.
# # # 2. Member Focus & Digital Transformation
KCFAPI continues to prioritize its Benefit Certificate (BC) Holders through enhanced protection and modernized services.
Expanded Protection: The association protected 5,727 new lives in 2024, bringing the total number of protected lives to 72,697. The total insurance in force now stands at ₱17.33 billion.
The BC Holder Portal: A major highlight of the year was the upgrade of the digital portal. Members can now apply for loans, remit contributions, and withdraw dividends online, ensuring 24/7 accessibility.
Reinstatement Drive: Through the "Reinstatement Drive" launched in mid-2024, 100 certificates were revived, restoring ₱26.6 million in insurance coverage for families.
# # # 3. Governance and Recognition
Integrity and transparency remain the bedrock of KCFAPI’s operations.
Golden Arrow Award: In September 2024, KCFAPI received its 3rd Golden Arrow Award under the ASEAN Corporate Governance Scorecard (ACGS). This prestigious recognition affirms the association's adherence to international standards of corporate governance.
66 Years of Service: Marking its 66th anniversary, KCFAPI remains fully compliant with the Philippine Code of Corporate Governance as mandated by the Insurance Commission.
# # # 4. Solidarity with the Church and Community
True to its fraternal roots, KCFAPI’s financial success translates directly into social and religious impact.
Ecclesiastical Support: The association turned over ₱1.4 million to the CBCP-SEED OF HOPE fund. To date, total donations to the Catholic Bishops' Conference of the Philippines (CBCP) have reached ₱15.14 million.
Evangelization: KCFAPI continues to fund "The Word Exposed" by the Jesuit Communications Foundation with an annual contribution of ₱300,000.
Legacy of Faith: The 47th death anniversary of Fr. George J. Willmann, S.J., the founder of KCFAPI, was commemorated on September 14, 2024, reaffirming the organization’s commitment to his vision of "Charity, Unity, Fraternity, and Patriotism."
Looking Ahead
As part of its five-year strategic roadmap (2022–2026), KCFAPI enters the next phase with a focus on "Reshaping the Financial Future of K of C Families." By merging traditional values with modern financial technology, the association is well-positioned to serve future generations of Filipino Catholics.
