Foresters receives Best's rating of "A" (Excellent) for eighth consecutive year
Foresters receives Best's rating of "A" (Excellent) for eighth consecutive year
Toronto, Canada, March 4, 2008 — A.M. Best Company today affirmed an "A" (Excellent) rating for financial strength* to ForestersTM.
"We are proud that Foresters has been able to attain A.M. Best's "A" (Excellent) rating for the eighth consecutive year," said George Mohacsi, President and CEO of Foresters. "This excellent rating highlights the success of Foresters strategic direction, disciplined management approach, as well as the organization's sound financial results and risk-adjusted capitalization. This is an important milestone for Foresters as we pursue our exciting growth strategy, and at the same time, deliver on our fraternal mission to enrich the lives of our members and their communities."
In addition to the financial strength rating, A.M. Best also assigned Foresters with an issuer credit rating of "a+" with a "stable" outlook. For more information about A.M. Best Company's ratings, visit www.ambest.com/ratings.
About Foresters
Founded in 1874 as a fraternal benefit society, ForestersTM helps individuals and families achieve financial security with its innovative portfolio of life insurance products and annuities. Foresters has assets of more than $5.4 billion with liabilities of $4.0 billion resulting in a surplus of $1.4 billion (all figures in Canadian dollars as of December 31, 2007) and an "A" (Excellent) rating by A.M. Best*. Foresters shares its financial strength with its members, who are customers, through complimentary life, health and education benefits that help its more than 735,000 eligible members and their families in Canada, the United States and the United Kingdom. Foresters provides opportunities that inspire its members to make a difference in their communities. Foresters Equity Services, Inc.** and Foresters Securities (Canada) Inc. are wholly owned subsidiaries of Foresters that offer investment products in the United States and Canada respectively. For more information, please visit www.foresters.com.
ForestersTM is a trademark of The Independent Order of Foresters, a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9.
*An "A" (Excellent) rating is assigned to companies that have a strong ability to meet their ongoing obligations to policyholders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by A.M. Best Company. In assigning Foresters rating, A.M. Best stated that Foresters rating outlook is "stable", which means it is unlikely to change in the near future, assuming Foresters financial strength is maintained and operations grow. A.M. Best assigns ratings from A++ to F, A++ being superior ratings and A and A- being excellent ratings.
**Foresters Equity Services, Inc., 6640 Lusk Blvd, Suite A-202, San Diego, CA. Member NASD and SIPC
For media inquiries, please contact:
Foresters
Irene Shimoda
Director, Public Relations
416 429 3000 ext 4651
1-877-664-6602 (toll free)
ishimoda@foresters.com
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Foresters
Stephanie Petroff
Public Relations Specialist
416 429 3000 ext 4766
1-800-461-8431 ext 4766 (toll free)
spetroff@foresters.com
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Last Modified:
June 30, 2008
405140 CAN/US
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for Americans
