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 2018.
The Club recorded a 106.4% combined ratio, which was in line with expectations and underlines the Club’s support for its Members. The Club’s investment portfolio saw a loss of US$ 13.7m in the first half, which reversed some of the US$ 47.5m gain that was reported in the prior year.
- Combined ratio 106.4%
- Capital and free reserves US$ 321.6m
- Earned premiums US$ 110.3m
- Claims costs US$ 76.9m
- Underwriting deficit US$ 6.2m
View the report by clicking on ‘view pdf’ above, or view the press release.
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