FMG Insurance Limited and Farmers' Mutual Group (FMG)

Background

In February 2026, FMG Insurance Limited and Farmers’ Mutual Group (together, FMG) admitted to fair dealing breaches.

As well as remediating customers, FMG has agreed to pay $2.1 million in lieu of a pecuniary penalty, pursuant to an enforceable undertaking.

• Related media release: FMG admits to making misleading statements and makes payment of $2.1 million