PILOT° by Latitude Brokers

Britannia

S&P rating A. Club Manager: Tindall Riley (Britannia) Limited. Operational HQ: London. Asian Offices: Hong Kong, Singapore and Tokyo

	2017-18	2018-19	2019-20	2020-21	2021-22
General Increase on ETC	0.00	0.00	0.00	8.5	7.50
Percentage called of ETC	100.00	100.00	100.00	100.00	100.00
Release calls latest estimate	1	n/a	1	0.00	5.00
Owned GT (Millions)	100.4	106.9	111.9	117.5	126.2
Chartered GT (Millions)	15.0	20.0	19.0	45.0	53.5
Combined GT (Millions)	115.4	126.9	130.9	162.5	178.7
Total Call Income (US$ Millions)	196.1	198.5	191.0	193.5	212.3
Free Reserves (US$ Millions)	641.6	587.6	594.4	626.9	587.9
Combined Ratio	131.30	139.82	151.96	186.38	158.67
Investment Yield	3.72	-0.14	6.7	5.86	1.1

Call Structure: Since 20 February 2020 ETC

Since 2020: no GI declared, figures represent target increase across the Membership

Owned GT (Millions)	125.2
Market Share of Owned GT	9.13%
Chartered GT (Millions)	53.5
Combined GT (Millions)	178.7
Free Reserves (US$ Millions)	587.9
Total Call Income (US$ Millions)	212.3

Free Reserves per Combined GT (US$)	3.3
Total Call Income per Combined GT (US$)	1.19
Free Reserves to Total Call Income Ratio	277%
Current 5-year average combined ratio	154%
Current 5-year average investment yield	3.06%
Last Unbudgeted Call	1974
Last Return of Call	2021

% of Owned GT	70.06%
% of Chartered GT	29.94%