FM Announces Enhanced US$1 Billion (GBP 740 Million) Membership Credit for Client-Owners

JOHNSTON, R.I., USA, 5 May 2025 – Commercial property insurer FM today announced an enhanced US$1 billion (GBP 740 million) membership credit for eligible mutual policyholders, allowing client-owners to receive more credit sooner.

The membership credit is made possible by FM’s strong financial performance and mutual company structure. In 2024, FM partnered with clients to complete more than 46,000 recommended risk improvements, reducing loss exposure associated with property risk by an estimated US$1 trillion (GBP 740 billion). Through the membership credit programme, FM will offer a credit to all eligible mutual policyholders with renewal or anniversary dates from 30 June 2025 through 29 June 2026.

“The membership credit is a testament to the strong, enduring partnerships we form with clients and our work together to mitigate risk, protect their purpose and prevent losses before they happen,” said Malcolm Roberts, chairman and chief executive officer of FM.

Roberts noted that though FM’s clients face an environment of rapid and unprecedented change, they continue to proactively and skilfully navigate the evolving risks. As a close strategic partner, FM is accelerating the pace of the membership credit programme, offering more credit sooner.

This year, FM added a 10-year tier to its membership credit structure and changed eligibility for the highest membership credit percent from a 20-year tenure to 15 years. A detailed overview of the 2025/2026 membership credit plan—including eligibility, timing and basis for calculations—is available here.

“We are proud to introduce even stronger recognition of our clients’ commitment to loss prevention,” said Roberts. “These enhancements highlight how our mutual structure helps build strong client bonds and ensures we clearly understand what matters most to them.”

With this year’s credit, FM will have returned more than US$3.8 billion (GBP 2.8 billion) through its membership credit programme over the last four years and US$7.5 billion (GBP 5.5 billion) since 2001. While rewarding loss prevention, membership credits help clients and FM promote a resilient future together.

FM mutual policyholders eligible for the credit will receive:

• 5% credit for fewer than five consecutive years.

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

• 12.5% credit for at least 10 consecutive years but fewer than 15 years.

• 15% 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 organisations, 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.