United Kingdom
P&I Portal

UK P&I Club

The United Kingdom Mutual Ship Assurance Association (Bermuda) Limited Thomas Miller P&I Ltd
90 Fenchurch Street, London, EC3M 4ST, UK
ukpandi.com t +44 (0)20 7283 4646

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2017 2016 2015
3,539* 3,361* 3,446*
Total owned entered GT
2017 2016 2015
139,000,000 138,000,000 127,000,000
Total chartered GT
2017 2016 2015
90,000,000 90,000,000 90,000,000
*Only vessels above 1,500 GT included

Entered GT by region

Entered GT by region

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

  2017 2016
Income Calls and premiums 376,170 385,360
Excess Calls - -
Reinsurance Premiums -81,082 -81,414
Total Income 295,088 303,946
Expenditure Net claims incurred -273,619 -241,252
Net operating expenses -51,310 -43,378
Total expenditure -324,929 -284,630
Underwriting result pre investment/other financial income and tax -29,841 19,316
Investment/other financial income 51,774 -9,052
Tax/interest charged -7,917 -8,517
Overall result 14,016 1,741
Free reserves * 458,400 447,845

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

* Excluding Hybrid Capital

Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Increase % 5 5 3 7.5 10 6.5 2.5 0 0
Supplementary Call Record % 0/0 0/-2.5 0/0 0/0 0/-2.5 0/-3 0/0 0/0 0/0

Release Call Percentage

2015 2016 2017 2018
0% 0% 5% 10%