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Gard

Assuranceforeningen Gard
Gard AS, Kittelsbuktveien 31, NO-4836 Arendal, Servicebox 600, NO-4809 Arendal, Norway
Gard.no t +47 37 01 91 00

Managers: Lingard Limited

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2018 2017 2016
6,250 6,200 6,400
Total owned entered GT
2018 2017 2016
207,300,000 200,000,000 199,000,000
Total chartered GT
2018 2017 2016
85,000,000 90,000,000 90,000,000
Total MOU chartered GT
2018 2017 2016
16,000,000 16,900,000 16,000,000

Entered GT by region

Entered GT by region

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

  2018 2017
Income Calls and premiums 759,996 857,214
Excess Calls -78,752 -89,850
Reinsurance Premiums -134,172 -150,181
Total Income 547,072 617,183
Expenditure Net claims incurred -479,232 -493,045
Net operating expenses -87,882 -92,998
Total expenditure -567,114 -586,043
Underwriting result pre investment/other financial income and tax -20,042 31,140
Investment/other financial income -143,802 103,664
Tax/interest charged -8,956 -8,909
Overall result 114,804 125,895
Free reserves * 1,249,030 1,134,862

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2017
Rating A+ A+
Outlook Stable Stable
Type of rating Interactive Interactive

* No longer allocated across individual lines of business.

Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Increase % 0 0 5 5 5 2.5 2.5 0 0
Supplementary Call Record % 25/15 25/20 25/15 25/15 25/15 25/15 25/0 25/0 25/25

Release Call Percentage - as at June 2018

2015 2016 2017 2018
0% 5% 15% 20%