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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.

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Key financial measures

(Source : 2019 Financial Results)

($ millions CDN)

Total Assets

18,520

Surplus3

2,086

Total Comprehensive Income

67.6

 

See a PDF of our annual financial highlights or our consolidated financial statements

Financial Highlights

Consolidated Financial Statements

LICAT Disclosure

2019 2019 2019
2018 2018 2018
2017 2017
2016 2016
2015 2015
2014 2014

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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 20 years. In 2020, 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 05, 2020, 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.

A.M. Best's Online Rating Report

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