Gard
2026/2027 General Increase and Renewal Information
General Increase
5.0%
Capital Distribution
10%*
*owners' general discount
Release Calls
2023/24: 5%
2024/25: 10%
2025/26: 10%
2026/27: 10%
Summary of announcement
Gard have announced a 5% General Increase (GI) for the 2026 renewal with a 10% owners' general discount (OGD) applied to renewing vessels.
Gard have the highest S&P rating of any Group Club (A+, stable outlook) and note that, despite inherent high volatility in business lines, that their overall group result has been stable relative to peers. The Club recognises the importance of its favourable investment performance in maintaining its solid capital base. Considering this, the club will be applying a 10% OGD for vessels renewing for the 2026 policy year.
Whilst Gard maintain that the Board are satisfied with the Club's performance, they have noted the requirement to underwrite sustainably and have therefore applied an overall premium adjustment for the 2026 renewal. Individual assessment of records and pricing levels will, however, be made.
Further details can be found in the Club's bulletin, here
2025 Club Overview
Market Share (Owned Tonnage)
Market Share (Owned Premium)
S&P Rating
A+ (stable)
Combined Ratio (Financial Year)
Investment return
Free Reserves (% change)
Call History
2023-2026
*Target increase
Combined Ratio
*Club provided
Historical Trend
Financial Year (USD Millions)
*Shorter financial year, from 21 February 2022 - 31 December 2022
Underwriting Result
Financial Year - (USD Millions)
* 2023 (31/12/23) | **Gard Group
Investment Asset Allocation
Historical Trend
for Total Assets and Free Reserves (USD Millions)