Emergency Contact 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 2025 Home Latest updates News 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 2025 11 Sept 2025 Download Sign up for alerts 11 SEPTEMBER 2025 – 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 2025. The Club reports a combined ratio of 99.6% which is in line with budget. Gross tonnage and Member and vessel numbers continue to grow and overall premium income has increased by US$ 5.6m compared to the same period in 2024. The Club remains well capitalised at 30 June with US$ 495.5m in capital and free reserves and this is reflected in the Club's rating of A (stable outlook) from Standard & Poor's. Financial summary Underwriting surplus: US$ 0.6m (June 2024: surplus US$ 5.4m) Combined ratio: 99.6% (June 2024: 95.8%) Gross earned premiums: US$ 152.0m (June 2024: US$ 146.4m) Capital and free reserves: US$ 495.5m (December 2024: US$ 447.5m) The Club is pleased to report a 99% retention rate at the 20 February 2025 renewal. The full report  is available to view and download from the Club’s website.   ENDS Notes for editors The Shipowners’ Club is a mutual marine liability insurer, providing Protection and Indemnity insurance for small and specialist vessels since 1855. The Club is a member of the International Group of P&I Clubs and works with more than 700 brokers globally to insure over 35,000 vessels across a range of operating sectors and geographical areas. Media contact Maddie Newell The Shipowners’ Club T: +44 20 7423 7145 E:  maddie.newell@shipownersclub.com W:  www.shipownersclub.com ​​​​​​ Sign up for alerts Share: Back to top