Highlights from the half year report:

• Half year result showed an overall surplus of USD 10.3 million
• Continued positive underwriting performance generated a net combined ratio of 93%
• Investment return slightly better than benchmark
• Continued volume growth and diversification
• Overall claims picture on a par with the stable development seen in 2013
• S&P upgraded the Club’s financial risk profile as well as its view on the Club’s Capital and Earnings, ensuring the Club maintains its BBB+ (Stable Outlook) rating
• Free MRM loss prevention licences continued to attract members
• Loss prevention product SCORE (Swedish Club’s Operations Review) launched