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Gard

Assuranceforeningen Gard
Gard AS, Kittelsbuktveien 31, NO-4836 Arendal, Servicebox 600, NO-4809 Arendal, Norway
Gard.no t +47 37 01 91 00

Managers: Lingard Limited

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2019 2018 2017
6,600 6,250 6,200
Total owned entered GT
2019 2018 2017
229,500,000 223,300,000 200,000,000
Total chartered GT
2019 2018 2017
85,000,000 85,000,000 90,000,000
Total MOU chartered GT
2019 2018 2017
15,400,000 16,000,000 16,900,000

Entered GT by region

Entered GT by region

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

  2019 2018
Income Calls and premiums 772,214 759,996
Excess Calls -37,298 -78,752
Reinsurance Premiums -153,708 -134,172
Total Income 581,208 547,072
Expenditure Net claims incurred -537,093 -479,232
Net operating expenses -142,612 -87,882
Total expenditure -679,705 -567,114
Underwriting result pre investment/other financial income and tax -98,497 -20,042
Investment/other financial income -9,190 143,802
Tax/interest charged 18,659 -8,956
Overall result -89,028 114,804
Free reserves * 1,158,853 1,249,030

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2018
Rating A+ A+
Outlook Stable Stable
Type of rating Interactive Interactive
Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
General Increase % 0 0 5 5 5 2.5 2.5 0 0 0
Supplementary Call Record % 25/15 25/20 25/15 25/15 25/15 25/15 25/0 25/0 25/12.5 25/25

Release Call Percentage - as at 20 February 2019

2016 2017 2018 2019
0% 5% 5% 10%

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