PILOT°
by Latitude Brokers
Historical Data
Gard P&I
S&P rating A+. Club Manager: Gard AS. Operational HQ: Arendal. Asian Offices: Hong Kong, Singapore, Imabari and Tokyo
COMPARE CLUB DATA
2016-17
2017-18
2018-19
2019-20
2020-21
General Increase on ETC
2.50
0.00
0.00
0.00
0.00
Percentage called of ETC
80.00
80.00
90.00
95.00
100.00
Release calls latest estimate
0.00
0.00
0.00
0.00
10.00
Owned GT (Millions)
215.2
216.6
223.3
229.5
244.7
Chartered GT (Millions)
90.0
90.0
85.0
85.0
95.0
Combined GT (Millions)
305.2
306.6
308.3
314.5
339.7
Total Call Income (US$ Millions)
529.5
464.4
482.7
441.5
n/a
Free Reserves (US$ Millions)
1134.9
1249.0
1158.8
1179.2
n/a
Combined Ratio
91.00
107.63
138.30
134.73
n/a
Investment Yield
5.02
5.54
-0.06
4.63
n/a
NOTES
Call Structure: From 2019 Policy Year, Gard will refer to Estimated Total Call (ETC) instead of Premium Rating, and Last Installment instead of Deferred Call, as per Circular 13/2018 dated November 2018.
Key Development Statistics
PY 2019-20 Tonnage
As per Policy Year 2019-20
Size Financials Membership
Owned GT (Millions)
229.5
Market Share of Owned GT
17.85%
Chartered GT (Millions)
85.0
Combined GT (Millions)
314.5
Free Reserves (US$ Millions)
1179.2
Total Call Income (US$ Millions)
439.5
Free Reserves per Combined GT (US$)
3.7
Total Call Income per Combined GT (US$)
1.40
Free Reserves to Total Call Income Ratio
267%
Current 5-year average combined ratio
115%
Current 5-year average investment yield
2.84%
Last Unbudgeted Call
1991
Last Return of Call
2019
Europe 58.00% Asia Pacific 28.00% Americas 11.00% Rest of the World 3.00%
Bulkers 34.00% Containers / General Cargo 16.00% Offshore 9.00% Passengers 3.00% Tankers / Gas Carriers 38.00% Others 0.00%
% of Owned GT 72.97% % of Chartered GT 27.03%
COMPARE CLUB DATA
