Definition:Gross written premiums & other revenues: Difference between revisions
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Publish curated Definition page (Gross written premiums & other revenues) — overrides legacy glossary entry |
Publish curated Definition page (Gross written premiums & other revenues) — overrides legacy glossary entry |
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| unit = currency
| related terms = Gross written premiums; Other revenue; Total revenue
| short definition = Gross written premiums plus other revenues
| review status = authored
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⚙️ The premium component is taken gross of reinsurance and at the point of writing, so the aggregate captures new business momentum before cessions and before earning; the other-revenues component adds fee and service income that premium metrics alone would miss. Because IFRS 17 replaced premiums with insurance revenue on the face of the income statement, groups that use this aggregate now present it as a supplementary activity indicator, reconciled in segment disclosures rather than read directly off the primary statements. It is expressed in currency and typically broken down by segment and geography.
📈 A combined activity measure lets a diversified group describe growth with one number even though its businesses recognize revenue under different accounting models. That continuity is valuable across accounting transitions: the aggregate behaves consistently before and after IFRS 17, so multi-year growth trends remain readable. The trade-off is comparability
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