The Shipowners Club

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The Shipowners Club

• Financial Information

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Financial Strength Rating

• Api Standard Poors Rating reflecting very
  strong financial security
• Standard Poors is a global leader in credit
  ratings and risk analysis

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Facts Financial InformationPolicy Year Ending
20th February 2008
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International Group General Increases
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Investment StrategyAs at 20th February 2008

• The Clubs invested assets, managed by
  Berenberg Bank (Schweiz) AG, have increased in
  value by US45m to US373m
• Represents a net return on investments of
  US23m and a net increase in new funds invested
  of US22m
• The return on investments represents an
  approximate return on capital of 6.8

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Financial PositionAs at 20th February 2008
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Combined RatioAs at 20th February 2008