Financial reports
Previous editions of the UK Club's Report & Accounts can be found below.
Current financial information can be found in About the Club . The latest financial highlights can be found here.
13/05/2013 -
This year the Club has produced a surplus of $9.5 million, increasing the free reserves and hybrid capital of the UK Club to a new high of $494 million. Underpinning this result was a respectable underwriting performance in the...
31/10/2012 -
The Club’s funds have continued to strengthen in the first half of 2012 with free reserves and capital increasing by US$8 million to US$494 million. With the Club’s owned tonnage at 20th August standing at over 116 million gross...
10/05/2012 -
Good result in difficult times: This year we report another operating surplus and a further increase in the Club's free reserves and hybrid capital to $486 million. This level of capital, puts our Club's financial strength at the top level of its peer group in the P&I sector. This result is particularly pleasing as it comes in a year which has seen results elsewhere in the market adversely affected by an increase in claims and volatile investment returns.
Overall the Club produced a surplus of $11 million. The main driver behind this positive outcome was the continuing improvement in the claims reserves on the more recent policy years and the early indications that 2011 will be a low claims year.
18/10/2011 -
The UK Club’s financial position has improved strongly over the lastthree years. Total assets are currently in excess of $1.6 billion.
Combined ratio
The expected combined ratio for 2011/12 year is below 100 per...
27/07/2012 -
The complete financial statements of the UK Club are being mailed to Members and brokers on Monday 30th July.
28/07/2011 -
The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited
Directors’ Report & Financial Statements for the year ended 20th February 2011
2013 Review of the Year
