premium

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Related to Earned premium: unearned premium

pre·mi·um

 (prē′mē-əm)
n.
1. An amount paid or required, often as an installment payment, for an insurance policy.
2.
a. An amount paid to obtain a loan.
b. An interest payment, usually on a regular basis, on a loan.
3. A sum of money or bonus paid in addition to a regular price, salary, or other amount: Many people are willing to pay a premium to live near the ocean.
4.
a. The amount at which something, such as a security or a currency, is valued above its initial or nominal price.
b. The amount at which a securities option is bought or sold.
5.
a. Something offered free or at a reduced price as an inducement to buy something else: offered the backpack as a premium for students opening new bank accounts.
b. A prize or award.
6. An unusual or high value: Employers put a premium on honesty and hard work.
7. Archaic Payment for training in a trade or profession.
adj.
Of superior quality or value: premium gasoline.
Idiom:
at a premium
More valuable than usual, as from scarcity: Fresh water was at a premium after the reservoir was contaminated.

[Latin praemium, inducement, reward : prae-, pre- + emere, to take, buy; see em- in Indo-European roots.]

premium

(ˈpriːmɪəm)
n
1. (Commerce) an amount paid in addition to a standard rate, price, wage, etc; bonus
2. (Insurance) the amount paid or payable, usually in regular instalments, for an insurance policy
3. (Commerce) the amount above nominal or par value at which something sells
4. (Commerce)
a. an offer of something free or at a specially reduced price as an inducement to buy a commodity or service
b. (as modifier): a premium offer.
5. a prize given to the winner of a competition; award
6. (Banking & Finance) US an amount sometimes charged for a loan of money in addition to the interest
7. great value or regard: to put a premium on someone's services.
8. (Commerce) a fee, now rarely required, for instruction or apprenticeship in a profession or trade
9. at a premium
a. in great demand or of high value, usually because of scarcity
b. above par
[C17: from Latin praemium prize, booty, reward]

pre•mi•um

(ˈpri mi əm)

n.
1. a prize or bonus given as an inducement, as to purchase products.
2. a bonus, gift, or sum additional to price, wages, interest, or the like.
3. the amount usu. paid in installments by a policyholder for coverage under a contract.
4. a sum above the nominal or par value of a thing.
5. great value or esteem: She puts a premium on loyalty.
adj.
6. of exceptional quality or greater value than others of its kind; superior.
7. of higher price or cost.
Idioms:
at a premium,
a. at an unusually high price.
b. in short supply; in demand.
[1595–1605; < Latin praemium profit, reward]
syn: See bonus.

premium

- First meant "prize, reward."
See also related terms for prize.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.premium - payment for insurance
payment - a sum of money paid or a claim discharged
2.premium - the amount that something in scarce supply is valued above its nominal value; "they paid a premium for access to water"
economic value, value - the amount (of money or goods or services) that is considered to be a fair equivalent for something else; "he tried to estimate the value of the produce at normal prices"
3.premium - a fee charged for exchanging currenciespremium - a fee charged for exchanging currencies
charge - the price charged for some article or service; "the admission charge"
4.premium - a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.; "they encouraged customers with a premium for loyal patronage"
prize, award - something given for victory or superiority in a contest or competition or for winning a lottery; "the prize was a free trip to Europe"
bonus, incentive - an additional payment (or other remuneration) to employees as a means of increasing output
5.premium - payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the militarypremium - payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
governing, government activity, government, governance, administration - the act of governing; exercising authority; "regulations for the governing of state prisons"; "he had considerable experience of government"
reward - payment made in return for a service rendered
Adj.1.premium - having or reflecting superior quality or value; "premium gasoline at a premium price"
superior - of high or superior quality or performance; "superior wisdom derived from experience"; "superior math students"

premium

noun
1. fee, charge, payment, instalment an increase in insurance premiums
2. surcharge, extra charge, additional fee or charge Customers are not willing to pay a premium.
3. bonus, reward, prize, percentage (informal), perk (Brit. informal), boon, bounty, remuneration, recompense, perquisite Shareholders did not receive a premium on the price of their shares.
at a premium in great demand, valuable, expensive, rare, costly, scarce, in short supply, hard to come by, like gold dust, beyond your means, not to be had for love or money Tickets to the game are at a premium.
put or place a (high) premium on something hold in high regard, value, appreciate, set great store by, put a high value on I place a high premium on what someone is like as a person.

premium

noun
Something given in return for a service or accomplishment:
Idiom: token of appreciation.
Translations

premium

[ˈpriːmɪəm]
A. N
1. (Insurance) → prima f
2. (= surcharge) → recargo m
people will pay a premium for quality (fig) → la gente está dispuesta a pagar más para adquirir calidad
3. (= bonus) → prima f
4. (US) (= gasoline) → súper f
5. (in phrases)
to be at a premium (Comm) → estar por encima de la par; (= be scarce) → estar muy solicitado
space is at a premium in our houseen casa no nos sobra espacio
to sell sth at a premiumvender algo con prima
to put or place a premium on sth (= value) → valorar mucho algo; (= make valuable) → hacer que suba el valor de algo; (= make important) → hacer que se dé más importancia a algo
I put a high premium on privacyvaloro mucho la intimidad
population pressure put land at a premiumla presión demográfica hizo que subiera el valor de la tierra
the risk of disease puts a premium on hygieneel riesgo de enfermedad hace que se dé más importancia a la higiene
B. ADJ
1. (= top quality) [brand, product] → de calidad superior, de primera calidad
premium gasoline (US) → (gasolina f) súper f
2. (= higher than normal)
premium priceprecio m con prima, precio m más elevado
premium ratetarifa f de primas
C. CPD premium bond N (Brit) bono del estado que permite participar en una lotería nacional

premium

[ˈpriːmiəm]
n
(for insurance policy)prime f
(= additional charge) → supplément f
to sell at a premium [+ shares] → vendre au-dessus du pair
(= bonus) → prime f
to be at a premium (fig) [housing, produce] → être particulièrement cher/ère; [space] → être précieux
to place a high premium on sth → faire grand cas de qch
to put a high premium on sth → faire grand cas de qch
adj
(= top quality) [products, goods] → de première qualité
premium quality → de première qualité
(= very high) to pay premium rates → payer le tarif fort
to pay premium prices → payer le prix fortpremium bond n (British) obligation (de l'Etat britannique) dont la répartition des dividendes est tirée au sortpremium deal noffre spécialepremium fuel (British) premium gasoline (US) nsuper m

premium

n (= bonus, additional sum)Bonus m, → Prämie f; (= surcharge)Zuschlag m; (= insurance premium)Prämie f; (St Ex) → Aufgeld nt, → Agio nt; premium bond (Brit) → Los- or Lotterieanleihe f; to sell something at a premiumetw über seinem Wert verkaufen; to be at a premium (St Ex) → über pari stehen; (fig)hoch im Kurs stehen; to place or put a (high) premium on something (fig)etw hoch einschätzen or bewerten
adj
(= top-quality) goods, branderstklassig; premium petrol (Brit) or gas (US) → Super nt, → Superbenzin nt
(= inflated) premium priceHöchstpreis m; callers are charged a premium rate of 48p a minuteAnrufern wird der Höchsttarif von 48 Pence pro Minute berechnet

premium

[ˈpriːmɪəm] n (gen) → premio; (additional charge) → maggiorazione f
to sell at a premium (shares) → vendere sopra la pari
to be at a premium (fig) → essere ricercatissimo/a
References in periodicals archive ?
The increase in the net profit for the first half 2019 in comparison to the first half 2018 relates primarily to increase in net earned premium in all lines of business and lower net claims incurred in motor insurance.
Net earned premium grew $92.9 million or 10.4% to $984.0 million driven by organic growth in our P&C segment of 11.3% and in our A&H segment of 6.3%.
* Direct earned premium reported was $606 million in 2018; direct earned premium reported in 2017 was $551 million.
Compared with the first quarter of 2017, net written premium grew 15.7 percent and net earned premium increased by 9.4 percent.
Summary: 3Q16 GWP growth came in at 14%, with net earned premium (NEP) growth of 10% YoY, reflecting a rise in the share of new business written.
QBE, which operates in 37 countries worldwide, is one of the top 20 insurance companies measured by net earned premium.
Net earned premium rose 4% to $3.04 billion and losses and loss expenses fell about 30% to $1.66 billion.
Net earned premium income is BD10.7 million as against BD10.5 million earlier.
London-based Chaucer had gross written premium of GBP849m, net earned premium of GBP589m and total assets of GBP2.3bn in 2010.Country: , UKSector: InsuranceTarget: Chaucer Holdings PLCBuyer: The Hanover Insurance Group IncDeal size in USD: 512.1mType: Corporate acquisitionFinancing: Cash & Debt, Existing resourcesStatus: Bidding
Each policyholder receives his pro-rata portion, determined by dividing his earned premium during the year by the total earned premium for this specific set of policyholders, multiplied by the total excessive profit to be distributed.
Net earned premium of the group increased to $53 million from $40 million a year ago, while gross written premium decreased to $85.37 million, compared to $88.68 million in 2008.
This net underwriting profit represents 12.85 per cent of the gross earned premium against 2.03 per cent for the same period in 2008.