Net premiums earned in Europe 2022, by country
In 2022, Germany and France were the largest European insurance markets by net premiums earned. In that year, France had net premiums of over 120 billion euros for non-life and approximately 160 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.
