Steamship Mutual has pulled off a hat-trick of strong financial performances by clocking up a $70m surplus for the year to February 2017.
The result follows a $25.8m return of premium in November so underlying profitability for the year was not too far off the $100m mark.
The strong performance is likely to mean a further return of premium, with this already on the agenda for when Steamship Mutual’s shipowner board meets in October.
