Earned Premium


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Related to Earned Premium: unearned premium

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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The top 50 insurers in the guaranteed renewable category showed a modest growth of 2% in earned premiums to $27.
For Life and STD, carriers have found some success in growing their earned premium.
The growth in operating earnings is the result of additional earned premiums from an increase in new business, along with additional investment income due to increased cash flows from operations and the invested proceeds of the Company's $75.
Historic and forecast data on gross written premiums, earned premiums, premiums per capita, number of active policies, insurance density, sum assured and insurance penetration for the period 2009 through to 2018.
8226; Historic and forecast data on 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 for the period 2009 through to 2018.
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.
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 increased to $53 million from $40 million during the same period of 2008.
Earned premiums for general insurance increased to DKK3.
The Federal Government picks up 90% of the cost of claims above the $32 billion mark, an amount that represents 15% of the direct 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.