A surplus of $51m reported by Skuld amounts to the third-best result in the club’s 120-year history.
For the 14th consecutive year, there has been an underwriting profit, with the investment return of 3.4% also contributing to the bottom-line result.
The result points to the club repeating its premium credit distribution to members.
The $51m surplus is before a $5m distribution to members but is after Skuld's share of a loss on its Lloyd’s of London syndicate 1897.
