Unearned Premiums Debit
"Unearned Premiums Debit" is a financial metric that refers to the amount of premiums collected by an insurance company in advance for covering risks over a specified period. It represents the portion of the premiums that an insurer has not yet earned because the policy coverage still has to be provided. As the coverage period progresses, the insurer earns the premiums, and the unearned premiums decrease. Typically, the unearned premiums debit appears as a current liability on an insurance company's balance sheet since the company is obligated to provide coverage in the future.
Additional Details
| Metric Name |
Type |
Default Period Type |
| unearned_premiums_debit |
fin_statement |
FY |
| Data Format |
Display Format |
Unit |
| float |
financial |
usd |