FBIN

PEMCO Mutual Insurance Partners with Moen to Help Homeowners Prevent Costly Water Damage

Moen Flo Shutoff deal with PEMCO underscores FBIN exposure to smart home safety

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  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;link type=&quot;text/css&quot; rel=&quot;stylesheet&quot; href=&quot;https://www.globenewswire.com/styles/gnw_nitf.css&quot;&gt;&lt;/li...</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>PEMCO Mutual Insurance will offer Moen Flo Shutoff to members, delivering smart leak detection and automatic shutoff. Members get preferred pricing and up to $1,000 annually toward covered plumbing repairs; Moen Flo learns water usage patterns and sends real-time alerts, with third-party data noting 96% fewer water-damage claims. Moen is a brand within Fortune Brands Innovations (FBIN).</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>PEMCO partners with Moen to offer Flo Shutoff to members. Leak detection and shutoff.</li><li>Members get preferred pricing; up to $1,000 yearly plumbing credit.</li><li>Moen Flo Shutoff analyzes usage to detect anomalies and alert via app.</li><li>Flo Shutoff claimed 96% fewer water-damage claims per third-party study.</li><li>Moen is part of Fortune Brands Innovations, FBIN.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Fortune Brands Innovations, Inc. (FBIN)</strong>: Parent company; Moen is a brand within FBIN; potential uplift to FBIN&#039;s home products portfolio.</li><li><strong>Moen (brand) (FBIN)</strong>: Moen is FBIN&#039;s top consumer faucet brand; Flo Shutoff is a key connected-water product.</li><li><strong>PEMCO Mutual Insurance (Private)</strong>: Private insurer; PEMCO members get preferred pricing on Flo Shutoff; potential demand driver for FBIN product.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article describes a distribution partnership that expands Moen&#039;s connected-water product reach, implicating FBIN&#039;s portfolio growth and potential channel expansion.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>FBIN exposure to growing connected-home safety market via Moen brand.</li><li>PEMCO partnership could accelerate Flo Shutoff adoption, expanding FBIN product revenue.</li><li>Third-party claims reduction data could bolster homeowner interest in smart water devices.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date: June 18, 2026</li><li>Partnership announced between PEMCO and Moen Flo Shutoff.</li><li>Up to $1,000 annually toward covered plumbing repairs for PEMCO members.</li><li>Moen Flo Shutoff learns home water usage patterns and alerts via app.</li><li>Third-party study: homes with Flo install experience 96% fewer water-damage claim events.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>FBIN could see modest near-term upside as Moen Flo Shutoff gains PEMCO adoption over 6–12 months.</p>
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<article>
  <h2>PEMCO Mutual Insurance Partners with Moen to Help Homeowners Prevent Costly Water Damage</h2>

  <p><strong>SEATTLE, June 18, 2026</strong> (GLOBE NEWSWIRE) — Water damage is the source of some of the most common and costly home insurance claims in the Pacific Northwest, often resulting from small leaks that go unnoticed until significant damage has already occurred. To help PEMCO members detect problems earlier and better protect their homes, PEMCO Mutual Insurance is partnering with Moen, North America's top consumer faucet brand, to offer smart water monitoring technology designed to help stop leaks before they become major losses.</p>

  <section aria-labelledby="member-benefits">
    <h3 id="member-benefits">Member Benefits and Pricing</h3>
    <p>Through the partnership, PEMCO members can purchase a Moen Flo Shutoff device on Moen's website at a preferred rate. PEMCO members who install the system may also receive additional benefits, including up to <strong>$1,000</strong> annually toward covered plumbing repairs through eligible homeowner policies.</p>

    <ul>
      <li>Moen Flo Shutoff device available at a <strong>preferred rate</strong> on Moen's website</li>
      <li>Up to <strong>$1,000</strong> annually toward covered plumbing repairs for eligible policies</li>
      <li>Real-time monitoring and alerts through the Moen Flo App</li>
      <li>Automatic shutoff when abnormal water usage is detected</li>
    </ul>
  </section>

  <section aria-labelledby="why-it-matters">
    <h3 id="why-it-matters">Why This Partnership Matters</h3>
    <p>Water damage claims can often start with small leaks that go unnoticed — which is why the Moen Flo Shutoff tool is designed to help residents detect problems early and automatically shut off water before minor issues become major losses.</p>
    <p>According to a third-party study*, homes with Flo installed experience <strong>96%</strong> fewer water damage claim events. The device learns a home's water usage patterns to identify abnormalities like running water, microleaks, and unusual flow activity. Residents can also receive real-time alerts through the Moen Flo App, allowing them to monitor water usage, respond to potential problems remotely, and better protect their homes whether they are home or away.</p>
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  <section aria-labelledby="leadership-quotes">
    <h3 id="leadership-quotes">Leadership Quotes and Perspectives</h3>
    <p>“Insurance is there when you need it — but our goal is to help members need it less,” said Jennifer Hawton, PEMCO spokesperson. "At PEMCO, we see our role as more than showing up after something goes wrong. We see it as helping our members and our broader community build the habits and use the tools that prevent those moments from happening in the first place."</p>
    <p>“<em>Prevention Today</em> is the only way to ensure <em>Peace of Mind Tomorrow</em> for the modern homeowner,” said Jeff Barnes, VP, affinity partnerships at Moen. “Our partnership with PEMCO Insurance empowers policyholders with a direct line to protection. By pairing our industry-leading smart water technology with PEMCO's deep commitment to its customers, we are removing the guesswork and friction from home maintenance and providing a simpler, supported path to a more secure home experience.”</p>
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  <section aria-labelledby="how-to-purchase">
    <h3 id="how-to-purchase">How to Learn More or Purchase</h3>
    <p>To learn more or purchase the Moen Flo Shutoff at a preferred member rate, visit <a href="http://www.moen.com/pemco" title="www.moen.com/pemco">www.moen.com/pemco</a>.</p>
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  <section aria-labelledby="about-pemco">
    <h3 id="about-pemco"><strong><em>About PEMCO Mutual Insurance</em></strong></h3>
    <p><em>PEMCO Mutual Insurance has been serving the Pacific Northwest for 75 years. PEMCO provides auto, home, renters, boat coverage, and pet insurance. We are honored to have been recognized five times as a Best American Insurance Company by Forbes Magazine based on customer feedback and as one of America's Greatest Midsize Workplaces 2025 by Newsweek. We distinguish ourselves through award-winning customer service, industry expertise, and community impact programs focused on supporting youth, education, and building a safer, stronger Pacific Northwest. To learn more, visit <a href="http://www.pemco.com" title="www.pemco.com">www.pemco.com</a>.</em></p>
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  <section aria-labelledby="about-moen">
    <h3 id="about-moen"><strong><em>About Moen</em></strong></h3>
    <p><em>Moen is the #1 consumer faucet brand in North America, offering a vast array of stylish, innovative, and sustainable kitchen and bath faucets, showerheads, accessories, bath safety products, kitchen sinks, garbage disposals, and connected water products for residential and commercial applications. The brand is dedicated to designing products that allow users to manage their water usage, providing both style and function to elevate everyday experiences. Moen is part of Fortune Brands Innovations, Inc. (NYSE: FBIN), a brand, innovation, and channel leader focused on attractive categories in the home products, security, and commercial building markets.</em></p>
    <p><em>Source: https://risk.lexisnexis.com/about-us/press-room/press-release/20200505-flo-by-moen</em></p>
  </section>

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  <p><strong>Contacts</strong>:</p>
  <ul>
    <li>Jennifer Hawton, PEMCO Mutual Insurance — 206.628.5773 — Jennifer.Hawton@pemco.com</li>
    <li>Kristi Herriott, Firmani + Associates Inc. — 206.466.2702 — Kristi@firmani.com</li>
  </ul>

  <p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/ac259075-4cff-419d-96c8-bad2ff174e4b"><img src="https://ml.globenewswire.com/media/ac259075-4cff-419d-96c8-bad2ff174e4b/small/picture1-png.png" border="0" width="150" height="53" alt="Primary Logo" /></a></p>

  <p class="note" aria-label="footnote"><em>*Source: https://risk.lexisnexis.com/about-us/press-room/press-release/20200505-flo-by-moen</em></p>
</article>

PEMCO Mutual Insurance will offer Moen Flo Shutoff to members, delivering smart leak detection and automatic shutoff. Members get preferred pricing and up to $1,000 annually toward covered plumbing repairs; Moen Flo learns water usage patterns and sends real-time alerts, with third-party data noting 96% fewer water-damage claims. Moen is a brand within Fortune Brands Innovations (FBIN).

PEMCO Mutual Insurance Partners with Moen to Help Homeowners Prevent Costly Water Damage

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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