FM Financial Strength Rating Affirmed A+ (Superior) by AM Best

JOHNSTON, R.I., USA, February 14, 2025 – Commercial property insurer FM today announced that AM Best, a leading global credit rating agency, news publisher and data analytics provider specializing in the insurance industry, affirmed the company’s Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa” (Superior) with a stable outlook.

In its announcement, AM Best cited “FM Group’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.” FM “continues to maintain the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR).”

AM Best continued: “The stable outlooks reflect AM Best’s expectation that FM Group’s risk-adjusted capitalization and operating performance will continue to exhibit excellent trends.”

The 2025 AM Best ratings follow AA (Very Strong) and AA- (Very Strong) ratings announced in late 2024 by Fitch Ratings and S&P Global Ratings, respectively, for FM.

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.