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
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
 
Europe59.00%
Asia Pacific26.00%
Americas12.00%
Rest of the World3.00%
 
Bulkers32.00%
Containers / General Cargo15.00%
Offshore10.00%
Passengers3.00%
Tankers / Gas Carriers39.00%
Others1.00%
 
% of Owned GT72.43%
% of Chartered GT27.57%
COMPARE CLUB DATA

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