Unity Life’s solid financial results and over 110-year track record of success provide the stability and peace of mind that our clients demand when choosing a trusted insurance provider.
For our annual financial results, please view our Annual Reports.
Based in Mississauga Ontario, Unity Life of Canada has more than 331,000 active policyholders, $16.6 billion of insurance in force, and assets of over $992 million (in Canadian dollars as at December 31, 2009).
Unity Life is a member of the Assuris consumer protection plan, has an “A-“(Excellent) financial strength rating from A.M. Best Company, an industry financial rating organization.
Unity Life has an industry solvency ratio (MCCSR1) of 210%
as of December 31, 2009, exceeding the insurance industry minimum threshold. Exceeding this standard threshold demonstrates sound financial management and reflects on our ability to meet future financial obligations.
In April of 2008, Unity Life became a wholly owned subsidiary of The International Order of Foresters and Foresters™ sole marketing representative in Canada. Foresters has enjoyed an A.M. Best Company rating of “A” (Excellent) for the past 8 years and has a solvency ratio of 344%, significantly above the industry minimum threshold. To learn more about Foresters financial results, please click here.
When combined with the financial strength and stability of Foresters™, Unity Life offers compelling security for its clients and business partners alike.
______________________
1MCCSR: Minimum continuing capital and surplus requirements.