A discount of 4% on current year protection and indemnity premiums is to be offered to members by the Swedish Club.
The Gothenburg-based mutual has decided on the reduction following a profitable outcome to the 2016 policy year.
Both underwriting and investment activities contributed to an overall surplus of $11.8m.
The combined ratio of 98% was the right side of the underwriting breakeven point of 100% while the investment return was 2.7%.
Most
