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Financial

Strong Growth and Resilience Amid Market Challenges in 2024-25

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Strong Growth and Resilience Amid Market Challenges in 2024-25

The Club is pleased to announce another year of strong financial results as the Club continues to deliver on its long-term strategy of sustainable growth, disciplined underwriting, and capital resilience.

Financial update video 2025

Solvency & Financial Condition Report

Financial Strength Rating

West of England is rated: long-term Financial Strength Rating of A- (Excellent) with a stable outlook and strong levels of capitalisation.

More details can be found on the AM Best website here.


Club's Entry


20212022202320242025 f
Class 1 Owners Gross Tonnage (pro rata - millions)106.892.497.2100.6110.9
Class 1 Owners number of vessels4,8044,6344,8204,9135,179
Total gross premium ($m)266.5293.2325.6347.6400.0


Policy Year Call and Release Information

As the Club's Board Meeting in May 2025, the 2022 Policy Year for Class 1 and the 2021 Policy Year for Class 2 were closed.

The position regarding call and release call percentages is shown below.

Class 1 P&I

Policy Year20212022202320242025
Current Release as a % of Estimated Total Mutual Call0%0%7.5%15%15%
Policy Year StatusClosedClosedOpenOpenOpen

Class 2 F,D&D

Policy Year20212022202320242025
Current Release as a % of Estimated Total Mutual Call0%0%7.5%15%15%
Policy Year StatusClosedOpenOpenOpenOpen


It is a requirement for International Group Clubs to consider all the factors set out in Clause 8 of the International Group Agreement in setting the release call percentages and a further requirement that the history of release call rates for P&I is published.

The relevant figures for West of England, on the basis of calling for Policy Years up to and including Policy Year 2025 are as follows:

Release Calls

Policy Year 20212022202320242025
Original release15%15%15%15%15%
Revision at 6 months15%15%15%15%
Revision at 12 months15%15%15%15%
Revision at 18 months15%15%15%

Revision at 24 months10%7.5%7.5%

Revision at 30 months10%7.5%


Current Release, Open YearsClosedClosed7.5%15%15

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