JOHNSTON, R.I., USA—FM Global, one of the world’s largest commercial and industrial property insurers, has jumped to No. 534 on FORTUNE’s 2018 list of America’s 1,000 largest companies. The ranking by the multinational business magazine is based on FM Global’s fiscal year 2017 financial performance and represents a rise of 23 spots from the company’s prior year’s rank at No. 557.

Founded in 1835, FM Global remains one of the longest-standing companies among the FORTUNE 1000.

FM Global ended 2017 with 5 percent growth in gross premium to US$5.70 billion, 9.3 percent growth in policyholder surplus to US$13.03 billion and outperformed catastrophe model predictions due to the insurer’s loss prevention engineering differential.

Established nearly two centuries 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.