Emergency Contact Annual Report 2022 Home Latest updates Publications Annual Report 2022 20 Apr 2023 View PDF Sign up for alerts The Shipowners’ Club, the leading mutual P&I insurer in the smaller and specialist vessel sector, has reported encouraging results for the year ending 31 December 2022. For the 2022 financial year, the Club has reported a combined ratio of 97.4% which was slightly ahead of budget. A disciplined approach to underwriting brought an increase in premium to US$ 270.8m. The year-end saw the Club report net assets of US$ 337.4m. This strong capital position, which is reflected in the Club’s A rating (stable outlook) from Standard & Poor’s, leaves the Club well placed to continue to provide high quality, well priced P&I insurance to its Members into 2023 and beyond. Financial and Member data summary Combined ratio 97.4% (2021: 98.7%) Underwriting surplus US$ 6.2m (2021: US$ 2.9m) Earned premiums, net of reinsurance US$ 236.4m (2021: US$ 223.2m) Incurred claims, net of reinsurance US$ 167.3m (2021: US$ 161.2m) Investments returned a loss of US$ 65.6m (2021: gain of US$ 15.6m) Capital and free reserves US$ 337.4m (2021: US$ 396.4m) Entered Members 8,527 (2021: 8,263) Entered tonnage 29.6m (2021: 28.7m) Entered vessels 33,808 (2021: 34,167) Share: Share: Back to top Latest insights 21 Apr 2026 Annual Report 2025 View article Annual Report 2025 23 Feb 2026 年规则 2026 View article 年规则 2026 23 Feb 2026 Regels 2026 View article Regels 2026 Sign up for alerts