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Club Finances

Financial results at 20th February 2007

  • Financial year in surplus despite record claims
  • Free Reserves rise to US$158.1 million
  • Total entered tonnage rises to 66 million GT
  • Premium increase by 8.6% at renewal
  • Combined investment income rises to US$ 54.1 million
  • 2006/07 Pool claims set to be the highest ever
 Management Highlights
 
2007 Management Highlights

  • Highlights and Overview
  • P and I Claims
  • Safety and Loss Prevention
  • Underwriting
  • Pooling and Reinsurance  
  • Investments  
  • Current Group Issues 
  • Combined Financial Statement
  • Staff Training
 Report & Accounts
 
2007 Report and Accounts

  • The Steamship Mutual Underwriting Assocaition (Bermuda) Limited, The Steamship Mutual Underwriting Assocaition Limited and The Steamship Mutual Trust
  • Report of Directors
  • Policy Year Statements
  • Consolidated Financial Statements
  • Notes on the Accounts
  • Report of the Independent Auditors
 
 Mid Year Review
 
2007 Mid Year Review

  • Highlights and Overview
  • Underwriting Report
  • Claims Report
  • Investment Report
  • Reinsurance Report
 Financial Strength Ratings
 
Financial Ratings
  • B++ interactive rating from AM Best 
  • AM Best rate more insurance companies worldwide than any other agency
  • S&P 'public information' rating of BBB based only on published accounts