Commercial Property Insurer FM Global Reports 2015 Financial Results

JOHNSTON, R.I., USA—FM Global, one of the world’s largest business property insurers, announced today that 2015 was one of its best years on record.

The mutual insurance company’s combined ratio was 85.3 percent, and the combination of strong underwriting performance and investment results increased FM Global’s surplus by 3.8 percent to US$11 billion. Additionally, FM Global’s client retention rate was 95 percent, significantly higher than the industry average.

Consolidated gross in-force premium was US$5.4 billion, a 2.5 percent decline from 2014, due to the continued strengthening of the U.S. dollar.

“These outstanding financial results as well as the superior client retention rate substantiate the enduring strength of our mutual business model, specialty focus and balance sheet. They are also positive indicators of a healthy, thriving organization, solely focused on helping keep our client-owners resilient,” said Thomas A. Lawson, president and chief executive officer, FM Global.

Other 2015 highlights include:

“As we look to 2016, we’ll continue to explore new ways to invest our capital into products and services that most benefit our clients,” said Lawson. “In particular, we will continue to capitalize on our engineering, research and analytics capabilities which will allow us to open new doors to helping our clients drive down their cost of risk and remain resilient. We also will be introducing an enhanced version of the world-leading FM Global Advantage® policy that will include more than a dozen enhancements.”


About FM Global

Established nearly 200 years ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its client-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 three Fortune 1000 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.

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