7 Premiums, Policy Fees and Deposits Received

Written premiums
In CHF million  
  2011 2010
Direct
  11 527 11 728
Assumed
  262 252
Gross written premiums
  11 789 11 980
Ceded
  –191 –225
Net written premiums
  11 598 11 755


Earned premiums
In CHF million  
  2011 2010
Direct
  11 528 11 727
Assumed
  262 252
Gross earned premiums
  11 790 11 979
Ceded
  –191 –226
Net earned premiums
  11 599 11 753


Written policy fees
In CHF million  
  2011 2010
Direct
  291 293
Assumed
  0 4
Gross written policy fees
  291 297
Ceded
  0 0
Net written policy fees
  291 297


Earned policy fees
In CHF million  
  2011 2010
Direct
  295 294
Assumed
  0 4
Gross earned policy fees
  295 298
Ceded
  0 0
Net earned policy fees
  295 298


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 2010
Gross written premiums and policy fees
  12 080 12 277
Deposits received under insurance and investment contracts
  5 063 7 914
Gross written premiums, policy fees and deposits received
  17 143 20 191


 

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