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P&I Portal

Japan Club

Japan Shipowners' Mutual P&I Association
2-15-14 Nihonbashi-Ningyocho, Chuoh-ku, Tokyo 103-0013, Japan
piclub.or.jp t +81 33 662 7401

Managers: Self-Managed

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2018 2017 2016
2,323 2,316 2,325
Total owned entered GT
2018 2017 2016
91,122,747 88,232,897 89,566,019
Total chartered GT
2018 2017 2016
12,075,248 12,173,444 14,452,730

Entered GT by region

Entered GT by region

Income Statement (1st April 2017 – 31st March 2018) USD 000s

  2018 2017
Income Calls and premiums 214,241 221,126
Excess Calls 0 0
Reinsurance Premiums -50,681 -49,132
Total Income 163,560 171,994
Expenditure Net claims incurred -121,533 -122,604
Net operating expenses -27,853 -25,231
Total expenditure -149,386 -147,835
Underwriting result pre investment/other financial income and tax 14,174 24,159
Investment/other financial income -1,721 4,714
Tax/interest charged -4,536 -6,713
Overall result 7,917 22,160
Free reserves 226,524 208,423

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2017
Rating BBB+ BBB+
Outlook Stable Stable
Type of rating Interactive Interactive
Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Increase % 12.5 10 3 5 7.5 3 3 0 0
Supplementary Call Record % 40/50 40/40 40/40 40/40 40/20 40/30 40/40 40/* 40/**

*To be decided in November 2018

**To be decided in November 2019

Release Call Percentage - as at June 2018

2015 2016 2017 2018
5% 15% 45% 45%