5 Premiums, Policy Fees and Deposits Received

Written premiums
In CHF million  
  2011 HY 2010 HY
Direct
  7 605 7 474
Assumed
  142 140
Gross written premiums
  7 747 7 614
Ceded
  –82 –105
Net written premiums
  7 665 7 509


Earned premiums
In CHF million  
  2011 HY 2010 HY
Direct
  7 557 7 426
Assumed
  134 132
Gross earned premiums
  7 691 7 558
Ceded
  –81 –106
Net earned premiums
  7 610 7 452


Written policy fees
In CHF million  
  2011 HY 2010 HY
Direct
  154 155
Assumed
  1 1
Gross written policy fees
  155 156
Ceded
  –1 0
Net written policy fees
  154 156


Earned policy fees
In CHF million  
  2011 HY 2010 HY
Direct
  146 144
Assumed
  0 0
Gross earned policy fees
  146 144
Ceded
  0 0
Net earned policy fees
  146 144


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  
  2011 HY 2010 HY
Net earned premiums
  7 610 7 452
Net earned policy fees
  146 144
Deposits received under insurance and investment contracts
  2 202 4 471
Net earned premiums, policy fees and deposits received
  9 958 12 067
 
Gross written premiums, policy fees and deposits received
  10 104 12 241


 
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