Earned Premium

(redirected from Earned Premiums)

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.
Mentioned in ?
References in periodicals archive ?
In the first nine months of 2017, earned premiums grew 3.
Net earned premiums and total revenues were higher than any other quarter in its history.
Net earned premiums were also 10 per cent higher, reaching Dh60.
This databook provides data on gross written premiums, earned premiums, premiums per capita, number of active policies and insurance penetration
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.
On the other hand, unaudited data stated that the net earned premiums increased by up to 15%, compared to the same period of 2013, an annuity held by the insurance company after deducting what is re-secured to the reinsurers.
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.
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.
It then subtracts five percent of the earned premiums for the three years involved (I will explain this more fully later).
Net earned premiums increased to $53 million from $40 million during the same period of 2008.