Income earned by an insurer from its underwriting activities. This does not include income derived from the insurer's investment activities.
The profit (or loss) received from insurance or reinsurance premiums, as contrasted to that realized from investments. Also, the excess of premiums over claims paid and expenses (profit), or the excesses of claims paid and expenses over premiums (loss).
(Bénéfice / perte technique) The excess of earned premiums over the incurred losses and expenses, shows the underwriting profit. The reverse would show an underwriting loss.
the remainder found by deducting incurred losses and expenses from earned premiums.
(1) The profit or loss realized from insurance operations, as contrasted with that realized from investments. (2) The excess of premiums over losses and expenses (profit) or the excesses of losses over premiums (loss).
Underwriting profit is a term used in the insurance industry. It consists of the earned premium remaining after losses have been paid and administrative expenses have been deducted. It does not include any investment income earned on held premiums.