Bergen-based marine insurance mutual Norwegian Hull Club (NHC) has announced a $9.9m pre-tax profit for 2018 and is set to reward members with a $5.7m cash bonus.
The refund represents 7.5% of paid-in premiums and will be decided at its upcoming annual meeting.
NHC chief executive Hans Christian Seim said: “As a mutual insurance company, our ambition is to reinvest and share our profits with our members.”
