Half Year Report 2018

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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 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.

Financial summary

  • Combined ratio 106.4%
  • Capital and free reserves US$ 321.6m
  • Earned premiums US$ 110.3m
  • Claims costs US$ 76.7m
  • Underwriting deficit US$ 6.2m
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