JOHNSTON, R.I., USA—FM Global, one of the world’s largest commercial property insurers, has jumped to No. 541 on FORTUNE magazine’s list of America’s 1,000 largest companies. The ranking, published in the magazine’s May 20, 2013, edition, is based on FM Global’s fiscal year 2012 financial performance and represents a rise of more than 30 spots from the company’s prior year’s rank at No. 572.
Founded in 1835, FM Global remains one of the longest-standing companies among the FORTUNE 1000.
In 2012, FM Global’s company’s consolidated gross premium in force grew 8.6 percent to US$5.5 billion and net income was US$840 million, despite the impact of Superstorm Sandy—the company’s single largest net aggregate natural disaster loss to date. Additionally, policyholder surplus grew 14.9 percent to US$7.9 billion and the mutual insurance company posted a profitable combined ratio of 85.7 percent.
For nearly two centuries, many of the world’s largest organizations have turned to FM Global (www.fmglobal.com) to develop cost-effective property insurance and engineering solutions to protect their business operations from fire, natural disasters and other types of property risk. With clients in more than 130 countries, FM Global is rated A+ (Superior) by A.M. Best and AA (Very Strong) by Fitch Ratings. The company has been named “Best Property Insurer in the World” by Euromoney magazine and “World’s Best Supply Chain Risk Insurance Provider” by Global Finance magazine.