Underwriting profit

{
  "id": "MLC-T-INS-003419",
  "term": "Underwriting profit",
  "field": "Insurance and risk management",
  "definition": "The profit an insurer earns from its core insurance operations, calculated as earned premiums minus incurred losses and underwriting expenses. This figure excludes investment income and reflects the effectiveness of the insurer's risk selection and pricing strategies. A positive underwriting profit indicates that the insurer is collecting sufficient premiums to cover its claims and operating costs.",
  "url": "https://mlchart.com/terminology/insurance/underwriting-profit/"
}