Gard results

Gard has reported strong half-year results, reflecting solid underwriting and a diversified portfolio. The group's results for the period 1 January 2024 to 30 June 2024, on an estimated total call (ETC) basis, were as follows: a result of US$80 million; a combined ratio net of 93 per cent; a technical profit of $33 million; a non-technical profit of $47 million, including taxation and other comprehensive loss; and equity of $1,529 million (on an actual call basis). Gard CEO, Rolf Thore Roppestad said: "Overall, they reflect that our members and clients run quality operations. The marine market will always be volatile, of course, but Gard's performance shows relative stability based on diversification and prudence."