Net premiums earned in Europe 2023, by country
In 2023, Germany and France were the largest European insurance markets by net premiums earned. In that year, France had net premiums of over 126 billion euros for non-life and approximately 163.5 billion euros for life insurance. As insurance premiums are paid in advance, insurance companies record both written premiums unearned and premiums earned. A premium is not earned and deemed as profit until the insurance company has fulfilled its obligation of insuring a policy over a given period of time.
