The UK Club leads from a strong financial position

The Club’s financial position remains strong with free reserves of $488 million as at 27 May 2022. The Club continues to comfortably meet all its regulatory capital requirements. The UK Club provides Members with security with its A - Standard & Poor's rating.

Finances

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At the Annual General Meeting held in Dubai on Monday 7th November, the proposed resolutions in the agenda were put to the Members and were adopted by the meeting.

At their November meetings in Dubai and Rotterdam, the Boards reviewed the financial position of the Club, including the performance of the open and closed policy years, and have set a general increase of 10 per cent on all mutual premium rates for the 2023 renewal. The decisions have been agreed by the Club and its subsidiaries, including UKNV which underwrites all EEA risks.

Directors' Report & Financial Statements for the year ended 20th February 2022.

At their meeting in May 2022, the Directors closed the 2019 policy year. The deficit was transferred to the reserves.

Financial Reports 2022

  • Group Solvency and Financial Condition Report 2022 13 MB

    09/08/2022

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  • 2022 Directors Report and Financial Statements 12 MB

    14/10/2022

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  • Solvency and Financial Condition Report 2022 - UK N.V. 1 MB

    23/06/2022

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  • Review of the Year 2022 1 MB

    27/05/2022

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