Liability for Claims and Claims Adjustment Expense
Markel Liability for Claims and Claims Adjustment Expense increased by 1.7% to $31.37B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 12.5%, from $27.89B to $31.37B. Over 5 years (FY 2020 to FY 2025), Liability for Claims and Claims Adjustment Expense shows an upward trend with a 13.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Rising levels may indicate an increase in claim frequency or severity, potentially impacting short-term liquidity.
Detailed definition
This liability represents the total estimated amount required to settle claims that have been reported to the insurer bu...
Peer comparison
Standard P&C insurance metric; peers with higher ratios relative to premiums may be experiencing adverse loss development.
current_liabilities_liability_for_claims_and_claims_adju_7e9431Historical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $17.00B | $17.61B | $18.18B | $18.84B | $19.06B | $20.19B | $20.95B | $21.31B | $21.37B | $22.14B | $23.48B | $24.14B | $24.65B | $25.88B | $26.63B | $27.89B | $28.52B | $29.14B | $30.86B | $31.37B |
| QoQ Change | — | +3.6% | +3.2% | +3.7% | +1.2% | +5.9% | +3.7% | +1.7% | +0.3% | +3.6% | +6.0% | +2.8% | +2.1% | +5.0% | +2.9% | +4.7% | +2.2% | +2.2% | +5.9% | +1.7% |
| YoY Change | — | — | — | — | +12.1% | +14.7% | +15.2% | +13.1% | +12.1% | +9.7% | +12.1% | +13.3% | +15.3% | +16.9% | +13.4% | +15.5% | +15.7% | +12.6% | +15.9% | +12.5% |
Product Breakdown
| Segment | Q2 '24 |
|---|---|
| Casualty policy portfolio part of retroactive reinsurance contract | $302.60M |
| Total | $24.65B |
Business Segments
| Segment | Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 |
|---|---|---|---|---|---|
| Markel Insurance | — | — | — | — | $22.45B |
| Financial | — | — | — | — | $8.60B |
| Insurance | $10.05B | $11.62B | $14.22B | $16.07B | — |
| Other underwriting | $271.36M | — | — | — | — |
| Program services and other fronting | $4.22B | — | — | — | — |
| Reinsurance | $3.64B | $3.58B | $3.73B | $3.87B | — |
| Total | $18.18B | $20.95B | $23.48B | $26.63B | $30.86B |
Insurance, Market CATCo Re, Program services and other fronting, Reinsurance were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Liability for Claims and Claims Adjustment Expense at Other Companies
Frequently Asked Questions
- What is Markel's liability for claims and claims adjustment expense?
- Markel (MKL) reported liability for claims and claims adjustment expense of $31.37B in Q1 2026.
- How has Markel's liability for claims and claims adjustment expense changed year-over-year?
- Markel's liability for claims and claims adjustment expense increased by 12.5% year-over-year, from $27.89B to $31.37B.
- What is the long-term trend for Markel's liability for claims and claims adjustment expense?
- Over 5 years (2020 to 2025), Markel's liability for claims and claims adjustment expense has grown at a 13.7% compound annual growth rate (CAGR), from $16.22B to $30.86B.
- What does liability for claims and claims adjustment expense mean?
- The total amount the company expects to pay for claims that have already been reported.