5 Premiums, Policy Fees and Deposits Received

Written premiums
In CHF million  
  2010 HY 2009 HY
Direct
  7 474 7 539
Assumed
  140 134
Gross written premiums
  7 614 7 673
Ceded
  –105 –110
Net written premiums
  7 509 7 563


Earned premiums
In CHF million  
  2010 HY 2009 HY
Direct
  7 426 7 494
Assumed
  132 124
Gross earned premiums
  7 558 7 618
Ceded
  –106 –110
Net earned premiums
  7 452 7 508


Written policy fees
In CHF million  
  2010 HY 2009 HY
Direct
  155 111
Assumed
  1 0
Gross written policy fees
  156 111
Ceded
  0
Net written policy fees
  156 111


Earned policy fees
In CHF million  
  2010 HY 2009 HY
Direct
  144 111
Assumed
  0 0
Gross earned policy fees
  144 111
Ceded
  0
Net earned policy fees
  144 111


Under the accounting principles adopted, deposits received under insurance and investment contracts for which deposit accounting is used are not recognised as income:

In CHF million  
  2010 HY 2009 HY
Net earned premiums
  7 452 7 508
Net earned policy fees
  144 111
Deposits received under insurance and investment contracts
  4 471 2 603
Net earned premiums, policy fees and deposits received
  12 067 10 222
 
Gross written premiums, policy fees and deposits received
  12 241 10 387


 
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