Swedish results

The Swedish Club reported a solid operating result, continuing a record of building on steady growth. 2014 was seen as a stable year, where the underwriting result outperformed the financial performance and the insurance products across the board returned a staunch to high surplus. Renewals were in line with that market environ­ment showing a modest increase in both tonnage and new members. The Club was able to demonstrate almost 100% member retention – affirming the high levels of customer satisfaction it has reported throughout the year.