Half Year Report 2019

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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 2019.

The Club recorded a  combined ratio of 105.9%, which was broadly in line with expectations. The overall gain on the portfolio for the first half of 2019 stood at US$ 32.8m. This has contributed to the Club’s overall result for the first half of a US$ 26.4m gain, taking net assets to US$ 330.2m. The Club has seen encouraging Premium and Member numbers at the Half Year point.

Financial summary

  • Combined ratio 105.9%
  • Capital and free reserves US$ 330.2m
  • Earned premiums US$ 108.2m
  • Claims costs US$ 76.4m
  • Underwriting deficit US$ 5.7m
View the report by clicking on ‘view pdf’ above, or view the press release.

Below are the graphs that appear in our report in JPEG format. Click on the image to enlarge and right click to download by selecting ‘Save image as’.