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Unearned Premium = Policy Preimum - (Policy Premium * (No of Days Elapsed / 365))

Q: Calculation of unearned premium?

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Unearned Premium = Policy Preimum - (Policy Premium * (No of Days Elapsed / 365))

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Securities premium reserve is the amount when securities are issued at premium that is more than their face value.

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Excess of loss reinsurance coverage typically has no direct effect on unearned premium. Unearned premium represents the portion of an insurance policy premium that has been paid in advance but has not yet been "earned" by the insurer due to the coverage period still being in progress. Excess of loss reinsurance helps protect the insurer from catastrophic losses by providing additional coverage, but it does not impact the timing or calculation of unearned premium.

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Share Premium is a Capital Reserve. They cannot pay dividends because share premium is a non trading activity.

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