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Foresters financial strength

See 150 years of financial strength in our Annual Report to Members

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 195%, 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 23 years. In 2023, 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 August 17, 2023, 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 2023 A.M. Best Online Rating Report 

Key financial measures2

Annual reports

Our Annual Report to Members highlights financial results, select combined financial statements and information (when applicable) on how members can participate in our unique governance structure. We also produce an annual Sustainability Report showing how we fulfill economic, social and environmental needs now without compromising future generations through Foresters Purpose—to enrich family and community well-being. Learn more about Foresters approach to sustainability here.

Download the 2023 Annual Report to Members

Download the 2022 Sustainability Report


Financial reports and policies

Get information on the financial performance of Foresters and find our policy on dividend-paying certificates.

Download the 2023 Financial Highlights

Download the 2023 IOF Consolidated Financial Statements

Download the 2023 LICAT Disclosure

Download the 2022 Foresters Life Insurance Company Financial Statements

Download the Dividend policy


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1 DBRS Morningstar Confirms Ratings on The Independent Order of Foresters at ‘A,’ Stable Trends – News release, July 10, 2023,

2 Consolidated financial results prepared in Canadian dollars as at December 31, 2023. Refer to the IOF Consolidated Financial Statements for further information. Financial strength refers to the overall health of The Independent Order of Foresters. It does not refer to nor represent the performance of any particular investment or insurance product. All investing involves risk, including the risk that you can lose money.