What is Earned Premium?
Earned Premium The portion of premium that corresponds to the expired part of the policy period and has been 'earned' by providing insurance coverage.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Earned Premium” Used in Practice?
The insurer reported an increase in earned premium as more policies reached the midpoint of their terms.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Earned Premium?
The portion of premium that corresponds to the expired part of the policy period and has been 'earned' by providing insurance coverage.
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