5 Premiums, Policy Fees and Deposits Received

Written premiums
In CHF million    2008 HY2007 HY
Direct    8 1768 407
Assumed    614164
Gross written premiums    8 7908 571
Ceded    –152–116
Net written premiums    8 6388 455


Earned premiums
In CHF million    2008 HY2007 HY
Direct    8 1218 365
Assumed    589147
Gross earned premiums    8 7108 512
Ceded    –153–116
Net earned premiums    8 5578 396


Written policy fees
In CHF million    2008 HY2007 HY
Direct    128225
Assumed   
Gross written policy fees    128225
Ceded    0
Net written policy fees    128225


Earned policy fees
In CHF million    2008 HY2007 HY
Direct    126224
Assumed   
Gross earned policy fees    126224
Ceded    0
Net earned policy fees    126224


Under the accounting principles adopted, deposits received under insurance and investment contracts are not recognised as income:

In CHF million    2008 HY2007 HY
Net earned premiums    8 5578 396
Net earned policy fees    126224
Deposits received under insurance and investment contracts    1 9703 469
Net earned premiums, policy fees and deposits received    10 65312 089
  
Gross written premiums, policy fees and deposits received    10 88812 265


 
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