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Our financial strength

Sharing our financial strength with you

When you choose Foresters Financial™ for your investment, life insurance, savings or retirement needs, you benefit from over 140 years of financial strength1 and stability. Your family’s financial well-being is a precious thing; we are privileged that families put their trust in us and we take this responsibility very seriously. We have financial reserves that are well above the Canadian life insurer standard. The Independent Order of Foresters and Foresters Life Insurance Company  have each received an “A” rating from A.M. Best 2.

Key financial measures

(Source : 2021 Financial Results, in $ millions CDN)

Total Assets

18,724

Surplus3

1,973

Total Comprehensive (Loss)

(78)

Financial Highlights

Consolidated Financial Statements

LICAT Disclosure

Annual Report

2021 2021 2021 2021
2020 2020 2020 2020
2019 2019 2019 2019
2018 2018 2018
2018

 

For Foresters Life Insurance Company financial statements, click here

A.M. Best online rating report

The Independent Order of Foresters (IOF) financial strength, as measured by A.M. Best Company, is rated "A" (Excellent)2 and has been for the past 21 years. In 2021, A.M. Best also assigned IOF’s subsidiary Foresters Life Insurance Company (FLIC) an “A” (Excellent) Financial Strength Rating. The A.M. Best ratings reflect the overall strength and claims-paying ability of IOF and FLIC but does not apply to the performance of any non IOF or FLIC issued product. 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 our ratings on July 29, 2021, A.M. Best stated that the rating outlook is "stable", which means it is unlikely to change in the near future, assuming our financial strength is maintained and our operations grow.

412591 CAN (09/22)
Foresters Financial and Foresters are trade names and trademarks of The Independent Order of Foresters (a fraternal benefit society) and its subsidiaries.

1Financial strength and stability refers to the overall financial health of Foresters Financial. It does not refer to or represent the performance of any particular investment or insurance product. All investing involves risk, including the risk that you can lose money.

2 An “A” (Excellent)4 Financial Strength Rating is assigned to companies that have a strong ability to meet their ongoing obligations to policy holders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by A.M. Best Company. A.M. Best assigns rating from A++ to F, A++ and A+ being superior ratings and A and A- being excellent ratings. See ambest.com for the latest ratings. A.M. Best's Rating Report(s) reproduced on this site appear under license from A.M. Best and do not constitute, either expressly or implied, an endorsement of (Licensee)'s products or services. A.M. Best is not responsible for transcription errors made in presenting Best's Rating Reports. Best’s Rating Reports are copyright © A.M. Best Company and may not be reproduced or distributed without the express written permission of A.M. Best Company. Visitors to this web site are authorized to print a single copy of the Best’s Rating Report(s) displayed here for their own personal use. Any other printing, copying or distribution is strictly prohibited. Best's Ratings are under continuous review and subject to change and/or affirmation.

3 This surplus comprising assets of $18.7 billion and liabilities of $16.8 billion represents excess funds above the amount required as legal reserves for insurance and annuity certificates in force and provides additional assurances to our members for our long term financial strength. Financial results as at December 31, 2021. All figures in Canadian dollars.