10 Sept 2026
The Shipowners’ Club, the leading P&I insurer in the smaller and specialist vessel sector, has reported financial results for the six months ended 30 June 2026.
The Club reports a combined ratio of 100.1%, reflecting the right balance between the premium collected from Members and the cost of running their Club. Overall written premium income increased by US$ 15.0m compared to the first six months of 2025.
The Club remains well capitalised at 30 June with US$ 548.8m in capital and free reserves, and this is reflected in the Club's rating of A (stable outlook) from Standard & Poor's.
Financial summary
- Combined ratio: 100.1% (June 2025: 99.6%)
- Gross earned premiums: US$ 156.6m (June 2025: US$ 152.0m)
- Capital and free reserves: US$ 548.8m (December 2025: US$ 530.7m)
- Underwriting result: US$ 0.2m deficit (June 2025: surplus US$ 0.6m)
The Club’s press release is also available to view and download.
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