Underwriting income

Underwriting income

For an insurance company, the difference between the premiums earned and the costs of settling claims.

Underwriting Income

In insurance, the profits generated from premiums in relation to the cost of settling claims. Underwriting income is the revenue generated by premiums on the insurance policies the company offers, less the cost of settling claims. For example, if a company generates $10,000,000 in revenue from premiums and spends $6,000,000 settling claims, its underwriting income is $4,000,000. See also: Loss ratio.
References in periodicals archive ?
Insurance underwriting income is the sum of the insurance underwriting margins of the life, health, Medicare Part D and annuity segments, plus other income, less insurance administrative expenses.
Insurance underwriting income (net of reinsurance) decreased by 12.
The net underwriting income fell from Dh99 million during the second quarter of 2013 to Dh93.
2 Insurance Underwriting Income Insurance underwriting margin is
The drop, says the report, resulted from a 71 percent drop in underwriting income as well as smaller dips in net investment income and realized capital gains.
The firm's chief executive, Bart De Smet, said, 'We aim to further strengthen our position in emerging markets and to further shift the balance between our underwriting income, fee income and investment income.
Summary: ABU DHABI - Abu Dhabi National Insurance Company or ADNIC reported 19 per cent growth in its underwriting income and revenue growth from its core insurance operations for the first quarter of 2011.
boosted its profits by more than $80 million during the second quarter of 2010 despite a drop in gross premiums written and underwriting income.
Reassurance company PT Tugu Reasuransi is eyeing a 58% increase in its underwriting income this year to Rp57.
captive insurers' net income declined approximately 66 percent in 2008, net underwriting income actually increased over the prior year, according to a recent A.
The charges--accusations that AIG cooked its books to improve the appearance of underwriting income and minimize workers' compensation payments--became moot, the attorney general said, because AIG settled in its case with Spitzer.