United Kingdom
P&I Portal

Britannia

The Britannia Steam Ship Insurance Association Limited
45 King William Street, London, EC4R 9AN, UK
britanniapandi.com t +44 (0)20 7407 3588

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2017 2016 2015
3,100 3,600 3,600
Total owned entered GT
2017 2016 2015
101,000,000 106,000,000 109,000,000
Total chartered GT
2017 2016 2015
15,000,000 36,000,000 27,000,000

Entered GT by region

Entered GT by region

Income Statement (year ending February) USD 000s

  2017 2016
Income Calls and premiums 225,854 260,272
Excess Calls 0 0
Reinsurance Premiums -39,498 -43,413
Total Income 186,356 216,859
Expenditure Net claims incurred -114,789 -192,276
Net operating expenses -25,719 -26,986
Total expenditure -140,508 -219,262
Underwriting result pre investment/other financial income and tax 45,848 -2,403
Investment/other financial income 43,387 -29,128
Tax/interest charged -889 -1,340
Overall result 88,346 -32,871
Free reserves 601,042 512,696

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2016
Rating A A
Outlook Stable Stable
Type of rating Interactive Interactive
Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Increase % 5 5 5 10.5 8.1 2.5 2.5 0 0
Supplementary Call Record % 40/40 40/40 40/40 45/45 45/35 45/40 45/45 45/45 45/45

*In 2016 the club returned USD 15 million.

**In 2017 the club retuned USD 30 million.

Release Call Percentage

2015 2016 2017 2018
0 0 0 0