12 Sept 2024
The Shipowners’ Club, the leading P&I insurer in the smaller and specialist vessel sector, has reported financial results for the six months ended 30 June 2024.
The Club has reported a combined ratio of 95.8% which was in line with budget. The underwriting result of a US$ 5.4m surplus has been driven by 7% growth in earned income compared to the first half of 2023.
Financial and Member Summary
- Underwriting surplus US$ 5.4m (June 2023: surplus US$ 1.8m)
- Combined ratio 95.8% (June 2023: 98.5%)
- Gross earned premiums US$ 146.5m (June 2023: US$ 137.0m)
- Total Members 8,619
- Total gross tonnage 31.3m
- Total vessels 35,145
- Capital and free reserves US$ 434.6m (December 2023: US$ 406.8m)
Click here to view the Half Year Report 2024, or to view the press release click here.
This report is compatible with Google Chrome, Firefox and Microsoft Edge.
Below are the interim consolidated financial statements that appear in our report in JPEG format. Click on the image to enlarge and right click to download by selecting ‘Save image as’
