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

Managers: Thomas Miller

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2018 2017 2016
3,471 3,539 3,361
Total owned entered GT
2018 2017 2016
139,000,000 139,000,000 138,000,000
Total chartered GT
2018 2017 2016
100,000,000 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

  2018 2017
Income Calls and premiums 361,793 376,170
Excess Calls 0 0
Reinsurance Premiums -65,119 -81,082
Total Income 296,674 295,088
Expenditure Net claims incurred -225,700 -273,619
Net operating expenses -34,542 -51,310
Total expenditure -260,242 -324,929
Underwriting result pre investment/other financial income and tax 36,432 -29,841
Investment/other financial income 43,161 51,774
Tax/interest charged -7,707 -7,917
Overall result 71,886 14,016
Free reserves (including Hybrid Capital) 640,000 558,400

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 5 3 7.5 10 6.5 2.5 N/A N/A
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 - as at June 2018

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