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Foresters Financial maintains A.M. Best “A” (Excellent) ratings

  • Oct 11, 2018

(Toronto, ON, October 11, 2018) – Foresters Financial™, an international financial services provider, has maintained its A.M. Best financial strength1 ratings.

The independent rating agency A.M. Best Company2 has affirmed The Independent Order of Foresters (IOF) “A” (Excellent) Financial Strength Rating (FSR) and an issuer credit rating (ICR) of “a+”. The IOF has maintained an “A” rating for 18 consecutive years.

In addition, A.M. Best maintained the “A” (Excellent) FSR rating for two of Foresters subsidiaries, Foresters Life Insurance Company (FLIC) and Foresters Life Insurance and Annuity Company (FLIAC). The ICR for both subsidiaries also held its “a+” rating.

This independent rating is an important measure of the organization’s financial strength and stability, reflecting the ability of Foresters Financial to fulfill its ongoing insurance obligations to policyholders.

"Foresters Financial is keenly focused on maintaining our financial strength across all our subsidiaries and geographies," said Alvin Sharma, Global Chief Financial Officer, Foresters Financial. "Maintaining our long track record of A ratings is a testament to our strong foundation and stability."

Foresters has shared its financial strength with its members3 and their communities for over 140 years and is a strong financial position with total funds under management of $45.1 billion (CDN) and total assets of $17.7 billion (CDN) as of December 31, 2017. Foresters gross premium income increased by 5.8 percent in 2017 and at the end of the year, it had more than 3.1 million certificates under management and over three million members and customers in Canada, the U.S. and the U.K.

Foresters solvency ratios4 are well above local regulatory requirements and industry averages in all three countries in which it operates - Canada, the US and the UK. In addition, Foresters surplus of $2 billion CDN5 allow it to withstand adverse business and market conditions.

For more information about A.M. Best Company's ratings, visit

About Foresters Financial
Foresters Financial is purpose-driven financial services provider with more than three million clients and members in Canada, the United States and the United Kingdom. We provide life insurance, savings, retirement and investment solutions that help families achieve their financial goals and make a lasting difference in their lives and communities. Foresters Financial has assets of $17.7 billion, liabilities of $15.7 billion, total funds under management of $45.1 billion and a surplus of $2 billion (all figures in Canadian dollars as of December 31, 2017). For more information, visit


For more information:

Greg Hubert
Foresters Financial
416-429-3000 Ext 4044

Products offered vary by country. Not all products are available for distribution in all jurisdictions. In the United States, products are offered by The Independent Order of Foresters and its subsidiaries, including Foresters Financial Services, Inc. a registered broker-dealer. Securities, life insurance and annuity products are offered through Foresters Financial Services, Inc. or independent producers. Insurance products are issued by Foresters Life Insurance and Annuity Company, New York, or The Independent Order of Foresters. Investment advisory products and services are offered through Foresters Advisory Services, LLC, a registered investment adviser.

1Financial strength refers to the overall financial health of The Independent Order of Foresters, Foresters Life Insurance and Annuity Company and Foresters Life Insurance Company. 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.

2The A.M. Best ratings assigned on August 2, 2018 reflect overall strength and claims-paying ability of The Independent Order of Foresters (IOF), Foresters Life Insurance Company (FLIC) and Foresters Life Insurance and Annuity Company (FLIAC) but does not apply to the performance of any non IOF, FLIC or FLIAC 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. A.M. Best assigns ratings from A++ to F, A++ and A+ being superior ratings and A and A- being excellent ratings. In assigning the ratings for IOF, FLIC and FLIAC, A.M. Best stated that the rating outlook is "stable", which means it is unlikely to change in the near future. See for our latest ratings.

3Description of member benefits that you may receive assumes you are a Foresters member. You are a member if you are an insured under a life or health insurance certificate, or an annuitant under an annuity certificate, issued by The Independent Order of Foresters, or you are a social fraternal member. Foresters Financial member benefits are non-contractual, subject to benefit specific eligibility requirements, definitions and limitations and may be changed or cancelled without notice.

4Solvency ratios indicate that Foresters ability to meet long-term obligations is above and beyond what is required.

5This surplus, comprising approximate assets of $17.7 billion and liabilities of $15.7 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. 

Foresters Financial and Foresters are trade names and trademarks of The Independent Order of Foresters (a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9) and its subsidiaries.

416788 CAN/US (10/18)


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