Foresters Financial returned to profitability in 2025, reporting CA$224 million in net income and CA$166.2 million in comprehensive income while increasing surplus to CA$2.3 billion and maintaining capital ratios well above regulatory requirements in Canada and the United States.
The fraternal life insurer reported total assets of CA$19.6 billion on December 31, 2025, up from CA$18.5 billion a year earlier. Gross premiums increased 2.8% to CA$1.4 billion, while annualized weighted sales rose 14.5% to CA$384.8 million. The organization attributed sales growth to North American insurance business performance, including product launches and distribution partnerships, alongside activity in the United Kingdom.
The results extend a period of financial momentum for Foresters. In October 2025, the organization reported that A.M. Best had affirmed its Financial Strength Rating of "A" (Excellent) with a stable outlook and its issuer credit rating of "A+". Morningstar DBRS also reaffirmed its "A" Financial Strength Rating and issuer rating with stable trends, citing the insurer's financial position and ability to meet policyholder obligations.
Foresters ended 2025 with a Risk-Based Capital (RBC) ratio of 623% in the United States and a Life Insurance Capital Adequacy Test (LICAT) ratio of 188% in Canada, compared with regulatory minimums of 150% and 100%, respectively.
Surplus increased to CA$2.3 billion from CA$2.1 billion in 2024, while retained earnings rose to CA$2.0 billion from CA$1.78 billion.
Investment performance contributed to the year's results. Total investments increased 2.7% to CA$8.1 billion, while net investment income, excluding segregated funds and unit-linked contract holders, climbed to CA$562 million from CA$228 million in 2024. Total assets reached CA$19.6 billion and the organization finished the year with 2.2 million certificates and contracts in force globally.
Foresters reported insurance revenue of CA$954 million in 2025, compared with CA$910 million a year earlier. Net income before taxes reached CA$279 million, compared with a loss of CA$63 million in 2024.
The insurer paid CA$662 million in claims across North America during 2025 and reported that members directed CA$12.1 million toward benefits and community-focused initiatives.
The spending covered programs including Competitive Scholarships, Community Volunteer grants, Foresters Care grants, Foresters Moments grants, Branch Matching grants, Member Engagement grants, LawAssure, Lifelong Learning and other member benefits. More than 7,200 members used grants to support projects in their communities during the year.
The organization also reported that members used more than 4,000 Foresters Care grants in 2025. According to its annual report, three grant programs collectively provided members with more than CA$5.6 million in funding during the year.
Since 2024, Foresters members and volunteers have prepared and packed more than 202,000 meals through a partnership with US Hunger.
Foresters awarded 520 competitive scholarships totaling CA$1.4 million in 2025, one of the largest member-benefit expenditures disclosed in the report.
The organization has since increased funding for the program. In April 2026, Foresters announced that scholarship awards in Canada and the United States would increase to $2,500 from $2,000, while awards in the United Kingdom would rise to £1,250 from £1,000. The company said the changes followed the distribution of CA$1.4 million to more than 520 students in 2025.
The scholarship program is open to Foresters members and eligible family members and is administered by International Scholarship and Tuition Services, which evaluates applicants based on community service, academic achievement and essays.
Foresters also reported more than 95,000 appointments with financial advisers in the UK during 2025.
Participation in Foresters' volunteer-led Member Network increased during the year. Filled positions across Branch and Regional Councils rose to 458 from 417 in 2024.
The increase coincided with the organization's 44th International Assembly and Leadership Development Conference in Arlington, Texas, where members re-elected leadership and took part in community service activities.
One project involved the assembly of 100 bicycles that were distributed to 100 children from John R. Good Elementary and Iglesia Fuente de Vida, along with helmets and locks.
The annual report also points to investments in infrastructure, analytics and distribution capabilities. Those efforts have continued into 2026.
In April, Foresters introduced changes to its US accelerated underwriting program, increasing eligibility limits and expanding access across its medically underwritten product portfolio. The insurer said the program would allow accelerated underwriting for coverage amounts of up to US$2 million for applicants aged 18 to 60 and up to US$1 million for applicants aged 61 to 65.
The initiative forms part of Foresters' ongoing investment in underwriting processes and digital tools for producers, following several years of investment in infrastructure and commercial operations referenced in the annual report.
"At a time when much of our industry turns to technology to simulate personal connection, our members have valued that connection for more than 150 years. The results in this report show what that connection truly looks like," said Matt Berman, president and chief executive officer of Foresters Financial.
