Japan Shipowners' Mutual P&I Association
2-15-14 Nihonbashi-Ningyocho, Chuoh-ku, Tokyo 103-0013, Japan
piclub.or.jp t +81 33 662 7401
Managers: Self-Managed
Entered GT by vessel type
| 2019 |
2018 |
2017 |
| 2,308 |
2,323 |
2,316 |
| 2019 |
2018 |
2017 |
| 93,000,000 |
91,000,000 |
88,232,897 |
| 2019 |
2018 |
2017 |
| 14,000,000 |
12,000,000 |
12,173,444 |
Entered GT by region
Income Statement (year ending – 31st March) USD 000s
| |
2019 |
2018 |
| Income |
Calls and premiums |
193,731 |
214,241 |
| Excess Calls |
0 |
0 |
| Reinsurance Premiums |
-42,351 |
-50,681 |
| Total Income |
151,380 |
163,560 |
| Expenditure |
Net claims incurred |
-118,734 |
-121,533 |
| Net operating expenses |
-25,578 |
-27,853 |
| Total expenditure |
-144,312 |
-149,386 |
| Underwriting result pre investment/other financial income and tax |
7,068 |
14,174 |
| Investment/other financial income |
19,690 |
-1,721 |
| Tax/interest charged |
-6,279 |
-4,536 |
| Overall result |
20,479 |
7,917 |
| Free reserves |
237,876 |
226,524 |
Breakdown of investment by type
| S&P Rating |
Current Rating |
2018 |
| Rating |
BBB+ |
BBB+ |
| Outlook |
Positive |
Stable |
| Type of rating |
Interactive |
Interactive |
| Policy Year |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
| General Increase % |
12.5 |
10 |
3 |
5 |
7.5 |
3 |
3 |
0 |
0 |
0 |
| Supplementary Call Record % |
40/50 |
40/40 |
40/40 |
40/40 |
40/20 |
40/30 |
40/30 |
40/40 |
40/* |
40/** |
* To be decided in November 2019
** To be decided in November 2020
Release Call Percentage - as at 20 February 2019
| 2016 |
2017 |
2018 |
2019 |
| 5% |
5% |
5% |
5% |