Steamship Mutual: 2022/23 Financial Year Highlights
• As at 20 February 2023, Free Reserves stood at US$454 million, from US$473 million at the same time last year, in excess of the S&P AAA rating level. • The financial year combined ratio improved from 112.7% to 95.4%. • Owned tonnage as at 20 February 2023 was 117 million GT, a 6.3% increase over the previous year. • Total entered tonnage, including chartered, increased from 195 million GT to over 230 million GT as at 20 Feb 2023. • International Group (IG) pool claims for the 2022 policy ...
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