Surplus gains enabled the company to increase gross written premiums and reduce amounts ceded to reinsurers.
Gross written premiums are premiums with no deduction of the cost of any reinsurance or any adjustment forthe fact that some of the income has to be reserved for the unexpired element of thepolicy.
Gross written premiums are the total revenue from a contract expected to be received by an insurer beforedeductions for reinsurance or ceding commissions.