5 Premiums, Policy Fees and Deposits Received

Written premiums
In CHF million  
  2012 HY 2011 HY
Direct
  7 323 7 605
Assumed
  143 142
Gross written premiums
  7 466 7 747
Ceded
  –94 –82
Net written premiums
  7 372 7 665


Earned premiums
In CHF million  
  2012 HY 2011 HY
Direct
  7 286 7 557
Assumed
  137 134
Gross earned premiums
  7 423 7 691
Ceded
  –94 –81
Net earned premiums
  7 329 7 610


Written policy fees
In CHF million  
  2012 HY 2011 HY
Direct
  158 154
Assumed
  1 1
Gross written policy fees
  159 155
Ceded
  0 –1
Net written policy fees
  159 154


Earned policy fees
In CHF million  
  2012 HY 2011 HY
Direct
  150 146
Assumed
  1 0
Gross earned policy fees
  151 146
Ceded
  0 0
Net earned policy fees
  151 146


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  
  2012 HY 2011 HY
Gross written premiums and policy fees
  7 625 7 902
Deposits received under insurance and investment contracts
  2 212 2 202
Gross written premiums, policy fees and deposits received
  9 837 10 104


 

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