Foresters receives A.M. Best "A" Excellent rating for 15 consecutive years

Subsidiaries upgraded from "A-" to "A" rating

TORONTO, July 10, 2015 /CNW/ - Foresters™, an international financial services provider, has maintained its "A" (Excellent) Financial Strength Rating (FSR) from A.M. Best Company1. A.M. Best has now affirmed Foresters "A" (Excellent) rating for 15 consecutive years. This independent rating is an important measure of the organization's financial strength and stability, reflecting Foresters ability to fulfill its ongoing insurance obligations to policyholders. A.M. Best also affirmed Foresters issuer credit rating (ICR) of "a+".

In addition, A.M. Best upgraded two of Foresters subsidiaries, Foresters Life Insurance Company (Foresters Life) and First Investors Life Insurance Company (First Investors Life), to an "A" (Excellent) from "A-" (Excellent) FSR rating. The ICR for both subsidiaries also increased to "a+" (Excellent) from "a-" (Excellent).

"This is great news for Foresters and its subsidiaries," says Tony Garcia, President and CEO, Foresters. "Foresters Life and First Investors Life already had an excellent rating but the upgrade to an A is a testament to our continued focus on financial stability and we look forward to building on this success in the years to come."

Foresters has shared its financial strength with its members and their communities for over 140 years and is today in a strong financial position with total funds under management of $28 billion (CDN) and assets of almost $12 billion (CDN) as of December 31, 2014. Foresters gross premium income increased by 20% in 2014 and at the end of the year, it had more than three million certificates under management and over one million members in Canada, the US and the UK.

Foresters conservative investment strategy has resulted in a surplus of $1.9 billion CDN2, assuring its ability to withstand adverse business and market conditions. With a Minimum Continuing Capital and Surplus Requirements (MCCSR) ratio of 409% as of December 31, 2014, Foresters solvency ratios3 are above local regulatory requirements and industry averages in all three countries in which it operates - Canada, the US and the UK.

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

About Foresters
For over 140 years, Foresters™, an international financial services provider, has fulfilled its purpose to enhance family well-being for its members and the communities where they live.  A fraternal benefit society, Foresters offers quality life insurance and investment products, unique member benefits and inspiring community activities. Foresters shares its financial strength with more than one million members in Canada, the United States and the United Kingdom. Foresters has assets of almost $12 billion, total funds under management of $28 billion and a surplus of $1.9 billion (all figures in Canadian dollars as of December 31, 2014) and maintains an "A" (Excellent) rating by A.M. Best1. Foresters subsidiary Foresters Life Insurance Company's rating is "A" and First Investors Life Insurance Company, also a Foresters subsidiary, received an "A" rating. For more information, visit

ForestersTM is the trade name and a trademark of The Independent Order of Foresters, a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9; its subsidiaries are licensed to use this mark.

1 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 The Independent Order of Foresters (Foresters) and its subsidiaries Foresters Life Insurance Company and First Investors Life Insurance Company on July 1, 2015, A.M. Best stated that the outlook for all ratings is "stable", which means they are unlikely to change in the near future. See for the latest ratings.

²This surplus represents excess funds above the amount required as legal reserves for insurance and annuity certificates in force and provides additional assurances to members for Foresters long-term financial strength.

³Solvency ratios indicate that Foresters ability to meet long-term obligations is above and beyond what is required.

412616 EN (07/15)

SOURCE Foresters

For further information: For media inquiries, please contact: Lori Abbott, T 416 429 3000 X4763, E; Jennifer Peckett, T 647 290 0125, E


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