| Celebrating Excellence
Foresters Financial™ is thrilled to announce that A.M. Best Company has affirmed an “A” (Excellent)¹ rating for The Independent Order of Foresters for an incredible 24 consecutive years!
Additionally, DBRS Morningstar has confirmed our “A” Financial Strength Rating.²
We are also proud to report our industry leading Life Insurance Capital Adequacy Test (LICAT) ratio of 195% underscoring our financial stability and resilience.³
This milestone reflects our unwavering commitment to excellence and financial stability. Thank you for your trust and support — here’s to many more years of success together. |
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Michael Aziz
Chief Distribution Officer, Canada Sales |
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¹ The A.M. Best ratings assigned on September 6, 2024, reflect overall strength and claims-paying ability of The Independent Order of Foresters. 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, A.M. Best stated that the rating outlook is “stable”, which means it is unlikely to change in the near future. See ambest.com for our latest rating.
² DBRS Morningstar Confirms Ratings on The Independent Order of Foresters at ‘A,’ Stable Trends – News release, July 9, 2024, https://dbrs.morningstar.com/research/435945/morningstar-dbrs-confirms-credit-ratings-on-the-independent-order-of-foresters-at-a-trends-remain-stable
³ Financial results as of December 31, 2023.
For advisor use only. Not for use with the public.
423967 CAN 10/24 |
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© 2024 Canada Protection Plan. CANADA PROTECTION PLAN and the logo are trademarks of Canada Protection Plan Inc., a Foresters Financial Company. No Medical and Simplified Issue Life and Critical Illness Insurance Underwritten by Foresters Life Insurance Company. |
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| Foresters Financial, Foresters, Foresters Care, Foresters Moments, Foresters Renew, Foresters Member Discounts, Foresters Go, the Foresters Go logo and Helping Is Who We Are are trade names and trademarks of The Independent Order of Foresters (a fraternal benefit society, 789 Don Mills Rd, Toronto, Ontario, Canada M3C 1T9) and its subsidiaries. |
Corporate Head Office
Canada Protection Plan 789 Don Mills Rd. Toronto, ON, M3C 1T9, CA
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