What Does Underwriting Profit Mean?
Meaning of Underwriting Profit: Benefits accruing to the insurance company for providing insurance or reinsurance protection, excluding investment income;
The result of underwriting is the net amount of premium received by the insurance company which is deducted from claims and management fees paid for a certain period of time. Income from invested premiums is not included.
Also look at the relationship between insurance tax and insurance income before insurance income.
Loss or loss of insurance after premium losses and operating expenses are deducted. This amount does not include investment income and is determined prior to federal income tax provisions.
Profits from non-equity insurance or reinsurance business
Literal Meanings of Underwriting Profit
Meanings of Underwriting:
Sign and accept liability (insurance policy) to guarantee payment in case of loss or damage.
Agree with (bank or other financial institution) to buy unsold shares (issuance of new shares)
Write (something) under someone else, especially another script
Sentences of Underwriting
The policy, signed by Lloyds, compensates the trustee for damages resulting from corruption.
Purchases are made through the issuance of subscribed shares
Synonyms of Underwriting
scribble, inscribe, pen, write, put, pencil, add, dash off, scrawl
Meanings of Profit:
The difference between the financial benefit, especially the money received and the money spent on buying, running or doing something.
Gaining economic benefits or benefits, especially from an investment.
Sentences of Profit
Benefits before taxes
The only people who liked the whole thing were lawyers.
Synonyms of Profit
gain, dividend, financial gain, interest, return, yield, excess, make money, surplus, returns, make a profit, payback, make a killing