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American Club

American Steamship Owners Mutual Protection and Indemnity Association, Inc. Shipowners Claims Bureau, Inc.,
1 Battery Park Plaza, 31st Floor, New York, NY 10004, USA
american-Club.com t +1.212.847.4500

Managers: SCB Inc (Eagle Ocean Management LLC)

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2018 2017 2016
1,429 1,426 1,318
Total owned entered GT
2018 2017 2016
17,100,000 15,500,000 14,100,000
Total chartered GT
2018 2017 2016
1,500,000 1,100,000 1,100,000

Entered GT by region

Entered GT by region

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

  2018 2017
Income Calls and premiums 98,389 109,493
Excess Calls 0 0
Reinsurance Premiums -29,194 -14,168
Total Income 82,798 103,513
Expenditure Net claims incurred -36,302 -70,761
Net operating expenses -40,300 -37,744
Total expenditure -76,602 -108,505
Underwriting result pre investment/other financial income and tax -2,407 -13,180
Investment/other financial income 8,574 8,267
Tax/interest charged 29 -79
Overall result 6,196 -4,992
Free reserves 57,418 51,418

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2017
Rating BBB- BBB-
Outlook Stable Stable
Type of rating Interactive Interactive
Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Increase % 0 2 5 10 10 4.5 2.5 0 0
Supplementary Call Record % 25/25 25/25 0/0 0/0 0/0 0/0 0/0 0/0 0/0

Release Call Percentage - as at June 2018

2015 2016 2017 2018
10% 10% 20% 20%