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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

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2017 2016 2015
6,200 6,400 6,300
Total owned entered GT
2017 2016 2015
200,000,000 199,000,000 189,000,000
Total chartered GT
2017 2016 2015
90,000,000 90,000,000 58,000,000
Total MOU chartered GT
2017 2016 2015
17,000,000 16,000,000 17,000,000

Entered GT by region

Entered GT by region

Income Statement (year ending February) USD 000s

  2017 2016
Income Calls and premiums 857,214 934,224
Excess Calls -89,850 -36,938
Reinsurance Premiums -150,181 -169,760
Total Income 617,183 727,526
Expenditure Net claims incurred -493,045 -532,259
Net operating expenses -92,998 -99,034
Total expenditure -586,043 -613,293
Underwriting result pre investment/other financial income and tax 31,140 96,233
Investment/other financial income 103,664 -53,955
Tax/interest charged -8,909 -8,844
Overall result 125,895 33,434
Free reserves * 1,134,862 1,010,114

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

* 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 25/25 25/25

Release Call Percentage

2015 2016 2017 2018
5% 5% 20% 20%