Foresters financial strength

See how our financial strength helps members give back in our annual report

Download the report

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 188%, 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 25 years. In 2025, 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 October 10, 2025, 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 2025 A.M. Best Online Rating Report

Key financial measures2

Total assets

(CAD billions)

$19.6


Surplus

(CAD billions)

$2.3



Total comprehensive income

(CAD millions)

$166.2



Foresters Purpose impact

Every year, we publish our Annual Report to Members where you’ll find our financial strength highlights. But there’s more to it than that! It’s also filled with inspiring stories of real members giving back and uplifting their communities. Learn more about this impact and how we’re supporting our members’ financial well-being every day on our Purpose impact page.

Download the 2025 Foresters Financial Report to Members

 

Financial reports and policies

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

Download the 2025 Financial Highlights

Download the 2025 IOF Consolidated Financial Statements

Download the 2025 LICAT Disclosure

Download the 2025 FLIC Consolidated Financial Statements

Download the Dividend policy

 

A.M. Best's Online Rating Report
412738 CAN (04/26)

1 DBRS Morningstar Confirms Ratings on The Independent Order of Foresters at ‘A,’ Stable Trends – News release, July 03, 2025, https://dbrs.morningstar.com/research/457816/morningstar-dbrs-confirms-the-independent-order-of-foresters-issuer-rating-and-financial-strength-rating-at-a-stable-trends

2 Consolidated financial results prepared in Canadian dollars as at December 31, 2025. 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.

The A.M. Best rating assigned on October 10, 2025, reflects the overall strength and claims-paying ability of The Independent Order of Foresters (IOF) but does not apply to the performance of any non-IOF-issued products. 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. A.M. Best assigns ratings from A++ to F; A++, and A+ being superior ratings and A and A- being excellent ratings. See ambest.com for our latest rating.