Foresters Financial Maintains A.M. Best “A” (Excellent) Ratings

TORONTO–(BUSINESS WIRE)–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 ambest.com.

About Foresters Financial

Foresters Financial is a 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 foresters.com.

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
ambest.com 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), 416788 FR (10/18) 18-00738

Contacts

Foresters Financial
Greg Hubert, 416-429-3000 Ext 4044
ghubert@foresters.com

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