Unearned Premium/Unearned Revenue (SF.BS.UnearnedPremium_UnearnedRevenue) refers to the premiums received but not yet earned.

This generally refers to premiums received on non-life insurance policies, as these premiums are earned over the life of the contract.

Unearned Premium/Unearned Revenue (SF.BS.UnearnedPremium_UnearnedRevenue) does not include:

• Unpaid claims and losses (classified as Policy Liabilities (SF.BS.PolicyLiabilities))
• Unearned commissions and fees (classified as Customer Advances (SF.BS.CustomerAdvances))
• Premium ceded (payable) (classified as Reinsurance – Liability (SF.BS.Reinsurance_Liability))

Related Entries

• Acceptances Outstanding (SF.BS.AcceptancesOutstanding)
• Accounts Payable (SF.BS.AccountsPayable)
• Accounts Receivable – Trade, Gross (SF.BS.AccountsReceivable_TradeGross)
• Accounts Receivable – Trade, Net (SF.BS.AcctsReceivable_TradeNet)
• Accrued Expenses (SF.BS.AccruedExpenses)