7 Premiums, Policy Fees and Deposits Received

Written premiums
In CHF million  
  2010 2009
Direct
  11 728 11 865
Assumed
  252 239
Gross written premiums
  11 980 12 104
Ceded
  –225 –239
Net written premiums
  11 755 11 865


Earned premiums
In CHF million  
  2010 2009
Direct
  11 727 11 865
Assumed
  252 240
Gross earned premiums
  11 979 12 105
Ceded
  –226 –238
Net earned premiums
  11 753 11 867


Written policy fees
In CHF million  
  2010 2009
Direct
  293 267
Assumed
  4 2
Gross written policy fees
  297 269
Ceded
  0 0
Net written policy fees
  297 269


Earned policy fees
In CHF million  
  2010 2009
Direct
  294 266
Assumed
  4 2
Gross earned policy fees
  298 268
Ceded
  0 0
Net earned policy fees
  298 268


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 2009
Net earned premiums
  11 753 11 867
Net earned policy fees
  298 268
Deposits received under insurance and investment contracts
  7 914 7 846
Net earned premiums, policy fees and deposits received
  19 965 19 981
 
Gross written premiums, policy fees and deposits received
  20 191 20 219


 
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