FM Planning Its Largest Membership Credit of $1.5 Billion on Loss Prevention

Commercial property insurer FM said it plans to distribute a membership credit of $1.5 billion for eligible mutual policyholders, crediting partnership, protection and loss prevention.

The credit is the company’s largest, largely driven by FM’s clients’ risk mitigation and loss prevention efforts, which the company said drove historically low losses. In 2025, more than 48,000 loss prevention recommendations helped reduce loss exposure associated with property risk by an estimated $1 trillion, according to the company.

FM said it is providing an additional one-time 5% enhancement to the membership credit for all eligible clients. Combined with FM’s recent resilience credit, 2026 declared FM policyholder credits total $2.3 billion, more than 100% of FM’s 2025 underwriting profit, the company said.

Related: FM Using AI to Elevate Claims to Deliver More Than Just Cost Savings

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.

FM mutual policyholders eligible for the credit will receive:

• 10% credit for fewer than five consecutive years.
• 15% credit for at least five consecutive years but fewer than 10 years.
• 5% credit for at least 10 consecutive years but fewer than 15 years.
• 20% credit for at least 15 consecutive years.

FM is a Fortune 500 mutual insurance company headquartered in Johnston, Rhode Island.