Gross Premiums

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This is the aggregate value of all premiums, or insurance payments to compensate future losses incurred, the company earned.

Insurance companies sell Premiums, which are paid in lump sums or over the course of a particular policy to compensate for losses incurred in the future. The company uses premiums to invest and build a Claims Loss Provision or "loss reserve" to use to pay losses incurred in the future by its policyholders.

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