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Skuld

Assuranceforeningen SKULD
(Gjensidig), Ruseløkkvn. 26, 0251 Oslo, Norway
skuld.com t +47 22 00 22 00

Managers: Self-Managed

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2018 2017 2016
6,030 6,050 5,416
Total owned entered GT
2018 2017 2016
92,493,000 86,384,000 85,000,000
Total chartered GT
2018 2017 2016
N/A N/A N/A
Total MOU chartered GT
2018 2017 2016
6,888,000 6,692,000 1,900,000

Entered GT by region

Entered GT by region

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

  2018 2017
Income Calls and premiums 412,739 389,735
Excess Calls 0 0
Reinsurance Premiums -57,363 -58,136
Total Income 355,376 331,599
Expenditure Net claims incurred -251,580 -229,143
Net operating expenses -92,244 -88,510
Total expenditure -343,824 -317,653
Underwriting result pre investment/other financial income and tax 11,552 13,946
Investment/other financial income 46,144 38,331
Tax/interest charged -166 -1,712
Overall result 57,531 50,565
Free reserves 442,026 394,075

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 N/A N/A N/A N/A N/A N/A N/A N/A
Supplementary Call Record % 0/0 0/0 0/0 0/0 0/0 0/-2.5 0/-2.5 0/0 0/0

Release Call Percentage - as at June 2018

2015 2016 2017 2018
0% 3% 7.5% 15%