Foresters financial strength

Ongoing financial strength

Choosing Foresters Financial™ for your life insurance needs means benefiting from over 150 years of financial strength and stability. We understand that the well-being of your family couldn’t be more important; that’s why we take the upkeep of our financial strength seriously. It is the reason families put their trust in us.

The Office of the Superintendent of Financial Institutions (OSFI) requires life insurance companies to maintain a Life Insurance Capital Adequacy Test (LICAT) ratio above supervisory levels. On a consolidated basis, Foresters maintains a strong LICAT ratio of 182%, comfortably exceeding the required levels.

The Independent Order of Foresters (IOF) financial strength, as measured by A.M. Best Company, is rated “A” (Excellent) and has been for the past 24 years. In 2024, 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 September 6, 2024, 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.

In addition, DBRS Morningstar, the world’s fourth-largest credit ratings agency, has also confirmed IOF’s “A” Financial Strength Rating and Issuer Rating.¹

Download the 2024 A.M. Best Online Rating Report