Emergency Contact Half Year Report 2026 Home Latest updates Publications Half Year Report 2026 10 Sept 2026 Sign up for alerts 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) Half Year Report 2026 The Club’s press release is also available to view and download. This report is compatible with Google Chrome, Firefox and Microsoft Edge. Share: Share: Back to top Latest insights 4 Aug 2026 Standard and Poor's Analysis - The Shipowners' Club View article Standard and Poor's Analysis - The Shipowners' Club 20 Jul 2026 Employers' Liability Register View article Employers' Liability Register 29 Jun 2026 Infographic: EU MRV Regulations View article Infographic: EU MRV Regulations Sign up for alerts