United Kingdom
P&I Portal

Shipowners' Club

The Shipowners’ Mutual Protection and Indemnity Association St
Clare House, 30-33 Minories, London EC3N 1BP, UK
shipownersclub.com t +44 (0)20 7488 0911

Managers: The Shipowners’ Protection Ltd

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2018 2017 2016
32,932 32,749 32,225
Total owned entered GT
2018 2017 2016
25,486,001 25,441,370 25,037,013
Total chartered GT
2018 2017 2016
N/A N/A N/A

Entered GT by region

Entered GT by region

Income Statement (year ending - 31st December) USD 000s

  2018 2017
Income Calls and premiums 216,341 228,580
Excess Calls 0 0
Reinsurance Premiums -29,706 -27,527
Total Income 186,635 201,053
Expenditure Net claims incurred -136,165 -149,087
Net operating expenses -48,709 -49,164
Total expenditure -184,874 -198,251
Underwriting result pre investment/other financial income and tax 1,761 2,802
Investment/other financial income 47,479 11,782
Tax/interest charged -1,555 79
Overall result 47,685 14,663
Free reserves 341,426 293,741

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 0 0 5 5 0 0 0 0
Supplementary Call Record % 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0

Release Call Percentage - as at June 2018

2015 2016 2017 2018
0% 0% 0% 0%