London P&I Club figures

Reporting results for its 2019/2020 financial year, The London P&I Club has recorded an operating surplus of US$5 million and an increase in free reserves to US$173.9 million. Earned premium income (net of reinsurance costs) increased by US$13.7 million when compared with the previous year and the result included positive contributions from the Club’s fixed premium products and FD&D Class. In addition, there was an overall 9.1 per cent return from the Clubs’ investment portfolio.