TSC Annual Report 2024 final - Flipbook - Page 83
Performance analysis per class of insurance
Performance analysis per class of insurance
According to Swedish regulations, there is only one class of insurance. However, the Club voluntarily reports on other
subclasses. Please see page 85 for an explanation of the classes of insurance.
For the 昀椀nancial year January through December 2024.
Amounts in USD thousands.
Total
P&I
FD&D
Marine &
Energy
Premiums written, gross
243,771
136,027
10,043
97,701
Outward reinsurance premiums
-59,522
-40,889
-371
-18,262
Change in provision for unearned premiums
3,695
-427
48
4,074
Reinsurers’ share of change in provision for unearned premiums
-241
-65
-
-176
A
187,703
94,646
9,720
83,337
B
16,800
11,600
800
4,400
-132,177
-77,206
-5,167
-49,804
-2,950
-4,303
-
1,353
-135,127
-81,509
-5,167
-48,451
Before outgoing reinsurance
-53,706
-24,613
-2,324
-26,769
Reinsurers’ share
32,575
21,767
-
10,808
-21,131
-2,846
-2,324
-15,961
C
-156,258
-84,355
-7,491
-64,412
Change in other technical provisions
C
13,115
13,115
-
-
Net operating expenses
D
-40,074
-20,321
-1,339
-18,414
A+B+C+D
21,286
14,685
1,690
4,911
Technical account
Earned premiums, net of reinsurance
Investment income transferrerd from
the non-technical account
Claims incurred, net of reinsurance
Claims paid
Before outgoing reinsurance
Reinsurers’ share
Change in provision for claims outstanding
Balance on technical account
Financial result
29,528
Allocated investment income transferred
to the technical account
-16,800
Result before appropriation and tax
34,014
Key 昀椀gures
Loss ratio [C/A]
77%
Expense ratio [D/A]
21%
Combined ratio [(C+D)/A]
98%
The Swedish Club | Annual Report 2024
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