Earned Premium

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Earned Premium

In insurance accounting, the prepaid premium that an insurance company may count as profit because of the length of its exposure to risk. For example, suppose a policyholder pays three years' worth of premiums up front. After a year has gone by, the insurer may count one third of that premium as earned premium and therefore profit. Earning the premium only works if no claims exceeding the amount of the premium are filed; it there are claims, the insurer may take a loss.
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2 percentage-point increase in the first-quarter underwriting expense ratio, largely due to strategic investments to enhance underwriting expertise plus an increase in premium taxes and related fees that offset higher earned premiums and ongoing expense management efforts.
This databook provides data gross written premiums, earned premiums, number of active policies, number of schemes offered, insurance penetration percentage, gross claims, paid claims, change in outstanding reserves, incurred loss, loss ratio percentage and density and penetration.
1 % in 2007, which is being reflected in lower earned premiums.
Net earned premiums at the insurance carriers--Balboa Life & Casualty and Balboa Reinsurance--rose 20 percent in September over last year to $60 million.
Earned premiums are the sum of gross premiums written, less return premiums and premiums paid for reinsurance, plus 80% of the unearned premiums at the end of the prior tax year, less 80% of unearned premiums at the end of the current tax year.
The amount of the refund that each eligible policyholder is to receive is determined by his individual earned premiums during that calendar year.
Its gross premiums have increased 8pc and net earned premiums have risen 5pc.
Its gross premiums have increased 8 per cent and net earned premiums have risen 5 per cent.
Net earned premiums in the first six months of 2012 saw a 7.
On the other hand, unaudited data showed that the net earned premiums increased by up to 15 per cent, compared to the same period in 2013, an annuity held by the insurance company after deducting what is re-secured to the reinsurers.
The data indicated that the total net earned premiums after reinsurance amounted to about RO 122 million during the first half of 2014, compared to RO 106 million during the same period last year.
This databook provides data gross written premiums, earned premiums, number of active policies, number of schemes offered, penetration percentage, gross claims, paid claims, change in outstanding reserves, incurred loss, loss ratio percentage and insurance density and penetration.