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
2017-18
2018-19
2019-20
2020-21
2021-22
General Increase on ETC
0.00
0.00
0.00
0.00
0.00
Percentage called of ETC
80.00
90.00
95.00
90.00
95.00
Release calls latest estimate
0.00
0.00
5.00
5.00
10.00
Owned GT (Millions)
216.6
223.3
229.5
244.7
261.4
Chartered GT (Millions)
90.0
85.0
85.0
95.0
95.0
Combined GT (Millions)
306.6
308.3
314.5
339.7
365.4
Total Call Income (US$ Millions)
464.4
482.6
498.0
463.7
n/a
Free Reserves (US$ Millions)
1249.0
1158.8
1179.2
1262.9
n/a
Combined Ratio
107.63
138.83
117.60
130.62
n/a
Investment Yield
5.54
-0.06
4.63
3.81
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.
Since Nov 2020, ETC premium invoiced in 3 equal instalments with Owners’ General Discount applicable for the upcoming following policy year, as per Circular 12/2020 11 dated November 2020
Key Development Statistics
PY 2020-21 Tonnage
As per Policy Year 2020-21
Size Financials Membership
Owned GT (Millions)
244.7
Market Share of Owned GT
18.36%
Chartered GT (Millions)
95.0
Combined GT (Millions)
339.7
Free Reserves (US$ Millions)
1262.9
Total Call Income (US$ Millions)
463.7
Free Reserves per Combined GT (US$)
3.7
Total Call Income per Combined GT (US$)
1.37
Free Reserves to Total Call Income Ratio
272%
Current 5-year average combined ratio
117%
Current 5-year average investment yield
3.79%
Last Unbudgeted Call
1991
Last Return of Call
2021
Europe 59.00% Asia Pacific 28.00% Americas 11.00% Rest of the World 2.00%
Bulkers 35.00% Containers / General Cargo 17.00% Offshore 8.00% Passengers 3.00% Tankers / Gas Carriers 37.00% Others 0.00%
% of Owned GT 72.03% % of Chartered GT 27.97%
COMPARE CLUB DATA
