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American Club

American Steamship Owners Mutual Protection and Indemnity Association, Inc. Shipowners Claims Bureau, Inc.,
1 Battery Park Plaza, 31st Floor, New York, NY 10004, USA
american-Club.com t +1.212.847.4500

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2017 2016 2015
1,426 1,318 1,290
Total owned entered GT
2017 2016 2015
15,500,000 14,100,000 13,900,000
Total chartered GT
2017 2016 2015
1,100,000 1,100,000 1,150,000

Entered GT by region

Entered GT by region

Income Statement (year ending - 20th February) USD 000s

  2017 2016
Income Calls and premiums 109,493 97,504
Excess Calls 0 0
Reinsurance Premiums -14,168 -16,128
Total Income 95,325 81,376
Expenditure Net claims incurred -70,761 -49,364
Net operating expenses -37,744 -33,978
Total expenditure -108,505 -83,342
Underwriting result pre investment/other financial income and tax -13,180 -1,966
Investment/other financial income 8,267 379
Tax/interest charged -79 -603
Overall result -4,992 -2,190
Free reserves 51,418 56,410

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2016
Rating BBB- BBB-
Outlook Stable Stable
Type of rating Interactive Interactive
Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Increase % 0 2 5 10 10 4.5 2.5 0 0
Supplementary Call Record % 25/25 25/25 0/0 0/0 0/0 0/0 0/0 0/0 0/0

Release Call Percentage

2014 2015 2016 2017 2018
- 5% 15% 20% 20%