United Kingdom
P&I Portal

Shipowners' Club

The Shipowners’ Mutual Protection and Indemnity Association St
Clare House, 30-33 Minories, London EC3N 1BP, UK
shipownersclub.com t +44 (0)20 7488 0911

Managers: The Shipowners’ Protection Ltd

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2019 2018 2017
34,094 32,749 32,749
Total owned entered GT
2019 2018 2017
27,252,461 25,441,370 25,441,370
Total chartered GT
2019 2018 2017
N/A N/A N/A

Entered GT by region

Entered GT by region

Income Statement (year ending - 31st December) USD 000s

  2019 2018
Income Calls and premiums 224,267 216,341
Excess Calls 0 0
Reinsurance Premiums -29,270 -29,706
Total Income 194,997 186,635
Expenditure Net claims incurred -151,038 -136,165
Net operating expenses -52,156 -48,709
Total expenditure -203,194 -184,874
Underwriting result pre investment/other financial income and tax -8,197 1,761
Investment/other financial income -28,754 47,479
Tax/interest charged -950 -1,555
Overall result -37,901 47,685
Free reserves 303,525 341,426

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 % 5 0 0 5 5 0 0 0 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 20 February 2019

2016 2017 2018 2019
0% 0% 0% 0%