Property insurance: gross written premiums

From 2008 to 2020, the value of gross written property insurance premiums in the United Kingdom (UK) saw a year-on-year increase, reaching its highest value of approximately 25.1 billion euros in 2020. In comparison, in 2008 which was the year with the lowest value reported, the property insurance companies in the UK conducted almost 13.24 billion euros in gross written premiums, over ten billion less.

Property insurance gross written premiums in the United Kingdom (UK) from 2004 to 2020 (in million euros)

Characteristic	Gross written premiums in million euros*
2020	25,133
2019	24,092
2018	24,215
2017	22,542
2016	21,870
2015	18,035
2014	16,585
2013	16,255
2012	16,441
2011	15,552
2010	15,445
2009	14,225
2008	13,239
2007	16,645
2006	18,503
2005	18,737
2004	17,631

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Release date

August 2022

More information

Region

United Kingdom

Survey time period

2004 to 2020

Supplementary notes

* Data in constant exchange rate.

Gross written premiums: Gross premiums written comprise all amounts due during the financial year in respect of insurance contracts regardless of the fact that such amounts may relate in whole or in part to a later financial year, and shall include inter alia: (i) premiums yet to be written, where the premium calculation can be done only at the end of the year; (ii) single premiums; (iii) additional premiums in the case of half-yearly, quarterly or monthly payments and additional payments from policyholders for expenses borne by the insurance undertaking; (iv) in the case of co-insurance, the undertaking's portion of total premiums. The above amounts shall not include the amounts of taxes or charges levied with premiums (from Article 35 of Directive EC 91/674/EEC). Accepted reinsurance is excluded (ie corresponds to direct business).

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