Value of premium earned by the organization as of the end of the reporting period, without any deductions for commissions or other expenses.
Organizations should footnote all assumptions used.
This metric is intended to capture gross premium earned, calculated as the premium income (written) in the period minus the change in unearned premium reserve.
June 2022 - IRIS v5.3 Released (current version)
Immaterial change. Minor revisions to definition and usage guidance for clarity.
January 2020 - IRIS v5.1 Released
No change.
May 2019 - IRIS v5.0 Released
No change.
March 2016 - IRIS v4.0 Released
Immaterial change. Minor revision to calculation language for clarity.
March 2014 - IRIS v3.0 Released
Immaterial change. Minor revision to metric name for clarity.
November 2011 - IRIS v2.2 Released
New metric. Earned Premium (PI2025) was developed via the IRIS Taxonomy Development Group.
IRIS Metrics Work Better in Sets
To use IRIS metrics—and the resulting data—to understand impact performance, IRIS metrics should be used and analyzed in generally accepted sets and according to well-defined objectives. IRIS+ gives you access to generally accepted Core Metrics Sets aligned to common Impact Themes and Sustainable Development Goals (SDGs).