FM unveils $1b membership credit for policyholders in 2025–2026

Policyholders with 10 to fewer than 15 years will receive 12.5%.

Commercial property insurer FM has announced an enhanced $1b membership credit for eligible mutual policyholders, allowing them to receive credits earlier than in previous years.

The credit will apply to policyholders with renewal or anniversary dates between 30 June, 2025 and 29 June, 2026.

In 2024, FM partnered with clients to complete over 46,000 recommended risk improvements, which the company says reduced potential property risk exposure by an estimated $1t.

The 2025–2026 credit structure includes a new 10-year tier and adjusts eligibility for the highest credit level from 20 years of tenure to 15 years. 

Clients with fewer than five years of continuous coverage will receive a 5% credit. Those with five to fewer than 10 years will receive 10%. 

Policyholders with 10 to fewer than 15 years will receive 12.5%, and those with at least 15 years will receive the maximum 15% credit.

With this year’s update, FM will have returned over $3.8b to mutual policyholders through the membership credit program in the past four years, and $7.5b since the program began in 2001.