JOHNSTON, R.I., USA—FM Global, one of the world’s largest commercial property insurers, has jumped to No. 561 on Fortune magazine’s 2016 list of America’s 1,000 largest companies.
In 2015, 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. This strong financial performance led the company to recently announce it would provide an estimated US$465 million membership credit in 2016/2017 to eligible clients.
Founded in 1835, FM Global remains one of the longest-standing companies among the Fortune 1000.
About FM Global
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.