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
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
General Increase on ETC
5.00
2.50
2.50
0.00
0.00
0.00
Percentage called of ETC
92.00
92.00
80.00
80.00
90.00
100.00
Release calls latest estimate
0.00
0.00
0.00
5.00
5.00
10.00
Owned GT (Millions)
206.7
209.4
215.2
216.6
223.3
229.5
Chartered GT (Millions)
57.5
60.0
90.0
90.0
85.0
85.0
Combined GT (Millions)
264.2
269.4
305.2
306.6
308.3
314.5
Total Call Income (US$ Millions)
623.3
610.7
529.5
464.7
482.0
n/a
Free Reserves (US$ Millions)
969.1
1010.2
1134.9
1249.0
1158.8
n/a
Combined Ratio
93.95
103.35
91.00
106.79
137.52
n/a
Investment Yield
1.54
-0.93
5.02
5.54
-0.06
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 2018-19 Tonnage
As per Policy Year 2018-19
Size Financials Membership
Owned GT (Millions)
223.3
Market Share of Owned GT
17.73%
Chartered GT (Millions)
85.0
Combined GT (Millions)
308.3
Free Reserves (US$ Millions)
1158.8
Total Call Income (US$ Millions)
482.0
Free Reserves per Combined GT (US$)
3.8
Total Call Income per Combined GT (US$)
1.56
Free Reserves to Total Call Income Ratio
240%
Current 5-year average combined ratio
107%
Current 5-year average investment yield
2.22%
Last Unbudgeted Call
1991
Last Return of Call
2018
Europe 59.00% Asia Pacific 26.00% Americas 12.00% Rest of the World 3.00%
Bulkers 32.00% Containers / General Cargo 15.00% Offshore 10.00% Passengers 3.00% Tankers / Gas Carriers 39.00% Others 1.00%
% of Owned GT 72.43% % of Chartered GT 27.57%
COMPARE CLUB DATA
