N.B. The Swedish Club's published report and accounts do not include an allocation of assets and free reserves between their P&I and Hull and Machinery (H&M) classes. As a consequence we have not included a graph of the club's (combined Group) balance sheet. The figures mentioned in the graphs opposite are P&I only figures, as reported on a calendar financial year basis, except the investment result, which is provided in the club's unaudited accounts for the 20 February 2015/16 policy year.
P&I only results | 2013/14 | 2014/15 | 2015/16 |
---|---|---|---|
Income and Expenditure | |||
Calls and Premiums | 98,868 | 105,727 | 110,112 |
Reinsurance Premiums | -31,793 | -27,059 | -26,983 |
Operating Expenses | -15,713 | -15,250 | -14,654 |
Operating Income | 51,362 | 63,418 | 68,475 |
Gross Paid Claims | 120,298 | 178,937 | 113,131 |
Net Paid Claims | 94,158 | 18,370 | 52,910 |
Net Change in Provision for Claims | -34,004 | 41,320 | 5,744 |
Net Incurred Claims | 60,154 | 59,690 | 58,654 |
Technical Surplus (Deficit) | -8,792 | 3,728 | 9,821 |
Investment Income | 2,900 | 3,100 | -3,848 |
Overall Surplus for Year (Deficit) | -5,892 | 6,828 | 5,973 |
Balance Sheet (Group Results) | |||
Net Assets | 334.7 | 406.0 | 410.9 |
Net Outstanding Claims | 166.7 | 219.7 | 227.8 |
Free Reserves | 168.0 | 186.3 | 183.1 |
Entered tonnage (GT) in millions | 2014 | 2015 | 2016 |
Owned / Mutual | 37.7 | 41.4 | 43.5 |
Chartered / Fixed | 17.4 | 21.7 | 21.7 |
Total | 55.1 | 63.1 | 65.2 |
S&P Rating History | 2014 | 2015 | 2016 |
BBB+ | BBB+ | BBB+ | |
Average Expense Ratio (AER) | 2013/14 | 2014/15 | 2015/16 |
Five years ending 20 February | 12.1 | 13.0 | 13.3 |