Commercial property insurer FM will give $US1 billion ($1.55 billion) of credit to eligible mutual policyholders renewing over the next year from June 30.

The mutual insurer says its 2025-26 plan means it will have returned more than $US3.8 billion ($5.9 billion) over four years and $US7.5 billion ($11.67 billion) since 2001.

“While rewarding loss prevention, membership credits help clients and FM promote a resilient future together,” the group said.

FM says last year it partnered with clients to complete more than 46,000 recommended risk improvements, leading to an estimated $US1 trillion ($1.55 trillion) reduction in loss exposure.

Chairman and CEO Malcolm Roberts said: “The membership credit is a testament to the strong, enduring partnerships we form with clients and our work together to mitigate risk, protect their purpose and prevent losses before they happen.”