The most profitable performance for six years has been turned in by the Standard Club, the first of the protection-and-indemnity (P&I) mutuals to report a financial result.
The club rang up a surplus of $43.1m in the year to the 20 February renewal, lifting its free reserve to more than $433m.
Both underwriting and investments contributed to the result, which is the club’s best since the year to February 2011.
The
