The UK Protection & Indemnity (P&I) Club said it was "particularly well placed to deal with the challenges" it faced, despite reporting an overall loss for the year ended 20 February.
In its annual report released this week, the club said that, at 128%, its ratio of assets to outstanding claims was still within the board's target.
It said the adverse economic climate had affected investment returns.
The club's funds fell 12% from the premium.
It experienced an increase in outstanding claims of 1.5%.
Club chairman Aleco Kairis said: "Financially, the club is well placed to deal with future challenges.
"This means we're not diverted from our key aim of providing top level service for the membership."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
