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16. PREMIUMS

Net written premiums and net earned premiums, as presented on the consolidated statement of comprehensive income, are composed of the following:

2016 Net Written Premiums
(in thousands of dollars) 2016 2015
Direct written premiums $ 2,080,444 $ 2,003,976
Premiums assumed from other companies   3,676   4,411
Gross written premiums   2,084,120   2,008,387
Premiums ceded to other companies   Loss: (73,168)   Loss: (73,035)
Net written premiums   2,010,952   1,935,352
Change in gross unearned premiums   Loss: (54,964)   Loss: (26,853)
Change in ceded unearned premiums   Loss: (385)   Loss: (2,844)
Net earned premiums $ 1,955,603 $ 1,905,655