Gross Premium: Total premiums written by the company

Net Premium: Net premiums written is the sum of premiums written by an insurance company over the
course of a period of time, fewer premiums ceded to reinsurance companies, plus any reinsurance
assumed. Net premiums written represent how much of the premiums the company gets to keep for
assuming risk.

Total Claims: Applications received for claims by policy holders against any policy.

Net Claims:

Earned Premium: Total premiums earned

Loss Ratio: total premiums paid to insurance company and claims settled by the company.

Underwriting income: Underwriting income is the difference between premiums collected on insurance
policies by the insurer, and expenses incurred and claims paid out. Huge claims and disproportionate
expenses may result in an underwriting loss, rather than income, for the insurer.

Commissions: