Commercial property insurer FM yesterday announced its largest-ever membership credit of approximately $1.5bn for eligible mutual policyholders.
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 $1tn.
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 $2.3bn, which represents more than 100% of FM’s 2025 underwriting profit.
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$8.9bn through its membership credit program since 2001.
“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 FM Chairman and CEO Malcolm Roberts. “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.”