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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At the same time, rate increases helped boost both gross written and net earned premiums.
The group achieved net earned premiums in the second quarter of BD4.29m, compared with BD4.08m in the second quarter of last year, an increase of 5pc.
Jubilee Holdings has failed to grow its profit for the first time in 12 years, slowed by a decline in earned premiums as expenses shot up in the financial year ended December 2018.Net profits fell marginally by 1.3 percent to S.
The increase for both periods was driven by growth in earned premiums and service and administrative fees, partially offset by reduced other income and unrealized losses on investments.
In the first nine months of 2017, earned premiums grew 3.6% to $404.9 billion, while loss and loss adjustment expenses (LLAE) rose 11.3% to $311.6 billion.
Net earned premiums and total revenues were higher than any other quarter in its history.
Interest-adjusted benefit ratio for the quarter rose to 79.6 percent on $119 million in earned premiums, from 77.8 percent on $124 million in earned premiums for the fourth quarter of 2014.
* This report provides you with a breakdown of market data including data on gross written premiums, net earned premiums, number of active policies, insurance density and insurance penetration
Net earned premiums were also 10 per cent higher, reaching Dh60.06 million in the first nine months of 2015.
This databook provides data on 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 and loss ratio percentage.
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.
* This report provides you with a breakdown of market data including data on gross written premiums, earned premiums, premiums per capita, number of active policies and insurance penetration