Configuring earned premium

Earned premium is the portion of premium that applies to the expired part of the policy period. In other words, earned premium is the amount of premium that has been earned as of the current date. This topic describes how to configure the earned premium which appears on the Earned Premium field on the policy Summary screen.

For reporting policies, the calculation includes the earned-but-unreported (EBUR) amount prior to final audit. For package policies, PolicyCenter displays earned premium for each line of business.