The Steamship Mutual Group 2024 AR2
The report highlights Steamship Mutual's financial and operational performance for the fiscal year ending February 20, 2024. The Club achieved a positive underwriting result with a combined ratio of 92.9% and an investment return of US$94 million, increasing free reserves to US$540 million. It outlines progress in environmental, social, and governance (ESG) initiatives, including the launch of the ESG Support Hub to assist members with decarbonization and regulatory compliance. Additionally, the report details the Club's focus on seafarer well-being through partnerships and its commitment to diversity and inclusion.
Company: The Steamship Mutual Group
Sector: Finance & insurance
Country: Bermuda
Year: 2024
Type: AR2
Pages: 50
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The Steamship Mutual Group
Management Highlights
The report highlights Steamship Mutual's financial and operational performance for the fiscal year ending February 20, 2024. The Club achieved a positive underwriting result with a combined ratio of 92.9% and an investment return of US$94 million, increasing free reserves to US$540 million. It outlines progress in environmental, social, and governance (ESG) initiatives, including the launch of the ESG Support Hub to assist members with decarbonization and regulatory compliance. Additionally, the report details the Club's focus on seafarer well-being through partnerships and its commitment to diversity and inclusion.
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Document Details
Report Year
2024
Reporting Period
Feb 20, 2023 - Feb 20, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available