National, May 11, 2026 : Commercial property
insurer FM today announced its largest-ever membership
credit of approximately US$1.5 billion for eligible mutual policyholders,
highlighting an extraordinary year of partnership, protection and loss
prevention.

This year’s record membership credit was driven by FM’s clients, whose
commitment to risk mitigation and loss prevention drove historically low
losses. In 2025, FM partnered with clients to complete more than 48,000 loss
prevention recommendations, reducing loss exposure associated with property
risk by an estimated US$1 trillion.

In recognition of these achievements, FM is providing an additional
one-time 5% enhancement to the membership credit for all eligible clients.
Including FM’s recent enhanced resilience credit, 2026 declared FM policyholder
credits total US$2.3 billion, which represents more than 100% of FM’s 2025
underwriting profit.

“This year’s FM membership credit is a testament to the strong
partnerships that we forge with our clients and their steadfast commitment to
building resilience and preventing losses before they happen,” said Malcolm
Roberts, chairman and chief executive officer of FM. “In today’s rapidly
changing and unpredictable environment, resilience has never been more
relevant. Thanks to the power of our mutual business model and our shared
commitment to risk mitigation, we can share our success with our clients. By
working together, we are creating a more resilient future.”

The membership credit is made possible by FM’s strong financial performance
and mutual company structure. Through the membership credit program, FM will
offer a credit to all eligible mutual policyholders with renewal or anniversary
dates from June 30, 2026, through June 29, 2027, in the form of a premium
offset at the time of policy renewal.

With this year’s credit, FM will have returned more than US$8.9
billion through its membership credit program since 2001.

This year’s FM membership credit includes the standard allocation
across all four tiers, along with a one-time 5% enhancement recognizing
clients’ unprecedented level of loss mitigation and prevention. FM mutual
policyholders eligible for the credit will receive the following:

●     
10% credit for
fewer than five consecutive years.

●     
15% credit for
at least five consecutive years but fewer than 10 years.

●     
17.5% credit for
at least 10 consecutive years but fewer than 15 years.

●     
20% credit for
at least 15 consecutive years.

About
FM

Established
nearly two centuries ago, FM is a leading mutual insurance company whose
capital, scientific research capability and engineering expertise are solely
dedicated to property risk management and the resilience of its
policyholder-owners. These owners, who share the belief that the majority of
property loss is preventable, represent many of the world’s largest
organizations, including one of every four Fortune 500 companies. They work
with FM to better understand the hazards that can impact their business
continuity to make cost-effective risk management decisions, combining property
loss prevention with insurance protection.

Follow
FM on LinkedIn, Instagram and Facebook.
Visit our newsroom for updates on FM, and listen to our new podcast,
Sound Policy, on Spotify or Apple Podcasts.