| Combined ITIC, ITIC Europe and TIMIA Financial Highlights | Year end 2026 | Year end 2025 |
|---|---|---|
| US$ '000s | US$ '000s | |
| Gross earned premium | 79,358 | 76,427 |
| Reinsurance premiums (excess loss) | (5,271) | (5,524) |
| Claims incurred less excess loss reinsurance recoveries | (27,253) | (24,255) |
| Operating expenses | (30,922) | (26,859) |
| Operating result for the year before continuity credit, investment result and exchange result | 15,912 | 19,789 |
| Continuity credit | (28,279) | (18,770) |
| Operating result for the year before investment result and exchange result | (12,367) | 1,019 |
| Combined ratio (pre continuity credit) | 80% | 74% |
| Combined ratio (post continuity credit) | 116% | 99% |
| Investment result (realised and unrealised) | 45,209 | 28,987 |
| Taxation | (1,115) | (681) |
| Surplus for the year | 31,727 | 29,325 |
| Free reserves brought forward at 1st June | 288,967 | 259,642 |
| Free reserves carried forward at 31st May | 320,694 | 288,967 |
| Free reserves: | ||
| Assets under management including accrued interest | 408,711 | 373,216 |
| Other net assets | 1,589 | (5,857) |
| Less: Outstanding claims reserves net of reinsurance recoveries | (89,606) | (78,392) |
| Free reserves carried forward at 31st May | 320,694 | 288,967 |
Gross Premium Income (US$m)
The following graph shows the growth in premium income of ITIC for the years ended 31st May:
Free Reserves Development (US$m)
The reserves of the combined club at 31st May continue to grow through a strong investment performance and stable underwriting
Be The Difference
An environment consistent with our ambition.
Find out more
Get a quote
Fill in the relevant proposal form to receive a quote
Make a claim
Guidance on how to report a claim.
Talk to our experts
Contact us at ITIC.
+44 (0)20 7204 2928