What is Premium Income?
Premium Income The total amount of premium revenue earned by an insurer from written, earned, or gross premiums over a reporting period, net of cancellations and refunds. Essential for measuring insurer growth and solvency.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Premium Income” Used in Practice?
The insurer reported a 12% increase in premium income for the fiscal year compared to the previous period.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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Download Free for iOSFrequently Asked Questions
What is Premium Income?
The total amount of premium revenue earned by an insurer from written, earned, or gross premiums over a reporting period, net of cancellations and refunds. Essential for measuring insurer growth and solvency.
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