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Swedish Club

Swedish Club
Gullbergs Strandgata 6SE-411 04 Göteborg, Sweden
swedishclub.com t +46 31 638 400

Aon’s comment

A good underwriting year has seen the club maintain strong Free Reserves. While not among the largest of the group clubs, they attract a loyal following and, with that, good support by way of indigenous growth.

Free Reserves against premium income are at 166.43%.

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2016 2015 2014
1,131 1,076 1,040
Total owned entered GT
2016 2015 2014
44,100,000 41,400,000 37,100,000
Total chartered GT
2016 2015 2014
21,000,000 21,700,000 17,700,000

Entered GT by region

Entered GT by region

Income Statement (year ending February) USD 000s

  2016 2015
Income Calls and premiums 109,958 106,006
Excess Calls 0 0
Reinsurance Premiums -26,755 -27,139
Total Income 83,203 78,867
Expenditure Net claims incurred -60,482 -59,689
Net operating expenses -14,523 -15,209
Total expenditure -75,005 -74,898
Underwriting result pre investment/other financial income and tax 8,198 3,969
Investment/other financial income -3,848 -242
Tax/interest charged 0 0
Overall result 4,350 3,727
Free reserves 183,000 186,000

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating Dec-15
Rating BBB+ BBB+
Outlook Stable Stable
Type of rating Interactive Interactive
Policy Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
General Increase % 7.5 15.0 15.0 2.5 2.5 5.0 7.5 7.5 2.5 0.0
Supplementary Call Record % 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0

Release Call Percentage - as at February 2017

2014 2015 2016 2017
5% 8% 15% 15%