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
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
 
Europe58.00%
Asia Pacific28.00%
Americas11.00%
Rest of the World3.00%
 
Bulkers34.00%
Containers / General Cargo16.00%
Offshore9.00%
Passengers3.00%
Tankers / Gas Carriers38.00%
Others0.00%
 
% of Owned GT72.97%
% of Chartered GT27.03%
COMPARE CLUB DATA

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