11 Sept 2025
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 2025.
The Club reports a combined ratio of 99.6% which is in line with budget. The overall premium income has increased by US$ 5.6m compared to the same period in 2024.
The Club remains well capitalised at 30 June with US$ 495.5m in capital and free reserves and this is reflected in the Club's rating of A (stable outlook) from Standard & Poor's.
Financial summary
- Underwriting surplus: US$ 0.6m (June 2024: surplus US$ 5.4m)
- Combined ratio: 99.6% (June 2024: 95.8%)
- Gross earned premiums: US$ 152.0m (June 2024: US$ 146.4m)
- Capital and free reserves: US$ 495.5m (December 2024: US$ 447.5m)
The Club’s press release is also available to view and download.
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