Today Norwegian Hull Club has published its operating result after 9 months, a $17,8m profit strengthening our capital base.
As a consequence of the third quarter natural catastrophes, the robustness of the Club’s business model has been tested and verified. The third quarter losses relate largely to the Hurricane Irma, and as such, this relates to a 100 year event capital wise. The hurricane losses have been an earning event and not a capital event for the Club, and excluding the hurricane losses the company is within its combined ratio target.
Read the 3rd Quarterly Report 3rd Quarter Report 2017.