The Swedish Club reported a solid financial performance for 2025, supported by disciplined underwriting, risk management and capital management. This marks the third consecutive year of positive results, reflecting a consistent, long-term approach in an increasingly complex operating environment.
The Club recorded an operating result of $48 million, including a $5 million underwriting result (97% combined ratio) and a $43 million financial result. Free reserves increased to $270 million (2024: $216 million), while the solvency ratio rose to 205% (2024: 186%), supporting continued stability in service and decision-making.
These results reflect a continued focus on capital discipline and operational consistency, contributing to resilience over time.
“Capital discipline underpins confidence that the Club remains dependable, particularly in more challenging conditions,” said Thomas Nordberg, CEO, The Swedish Club. “As trading patterns shift and operational demands evolve, members need continuity and clarity. A strong capital position enables us to respond consistently and support members when it matters most.”
The Club notes that geopolitical developments, regulatory change and shifting trade dynamics are contributing to a more complex global shipping environment, increasing the importance of strong fundamentals across underwriting, claims and loss prevention.
“As a mutual insurer, our focus is on long-term stability and delivering consistent value to members,” added Mr Nordberg. “Maintaining strong foundations allows us to navigate uncertainty and continue providing reliable support.”
The Club will continue to prioritise member-focused service and initiatives that support risk management and operational performance.
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