United Kingdom
P&I Portal

North of England

North of England P&I Association Limited
The Quayside, Newcastle Upon Tyne, NE1 3DU, UK
nepia.com t +44 (0)191 232 5221

Managers: Self-Managed

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2018 2017 2016
3,700 3,400 3,400
Total owned entered GT
2018 2017 2016
142,000,000 140,000,000 130,537,722
Total chartered GT
2018 2017 2016
53,000,000 50,000,000 54,000,000

Entered GT by region

Entered GT by region

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

  2018 2017
Income Calls and premiums 387,600 429,500
Excess Calls 0 0
Reinsurance Premiums -81,300 -98,400
Total Income 306,300 331,100
Expenditure Net claims incurred -244,00 -246,000
Net operating expenses -77,900 -74,100
Total expenditure -321,900 -320,100
Underwriting result pre investment/other financial income and tax -15,600 11,000
Investment/other financial income 34,100 23,200
Movement in pension scheme deficit 2,100 -30,200
Tax/interest charged -900 -1,600
Overall result 19,700 2,400
Free reserves 450,500 430,800

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
Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Increase % 5 3 5 15 7.5 4.75 2.5 0 0
Supplementary Call Record % 0/0 0/0 0/0 0/0 0/0 0/0 0/-5 0/0 0/0

Release Call Percentage - as at June 2018

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