7 Premiums, Policy Fees and Deposits Received

Written premiums
In CHF million  20082007
Direct  12 79413 271
Assumed  764281
Gross written premiums  13 55813 552
Ceded  –304–247
Net written premiums  13 25413 305


Earned premiums
In CHF million  20082007
Direct  12 79213 281
Assumed  766281
Gross earned premiums  13 55813 562
Ceded  –304–246
Net earned premiums  13 25413 316


Written policy fees
In CHF million  20082007
Direct  264392
Assumed  0
Gross written policy fees  264392
Ceded  0
Net written policy fees  264392


Earned policy fees
In CHF million  20082007
Direct  260389
Assumed  0
Gross earned policy fees  260389
Ceded  0
Net earned policy fees  260389


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

In CHF million  20082007
Net earned premiums  13 25413 316
Net earned policy fees  260389
Deposits received under insurance and investment contracts  4 6937 269
Net earned premiums, policy fees and deposits received  18 20720 974
 
Gross written premiums, policy fees and deposits received  18 51521 213


 
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