Discontinued — last reported Q4 '25
Reserve for insurance claims
Markel Reserve for insurance claims 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), Reserve for insurance claims 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
An increase may indicate rising litigation or accident frequency, while a decrease suggests improved safety or lower claim severity.
Detailed definition
This represents the estimated liability for insurance claims that have been reported but not yet paid, as well as claims...
Peer comparison
Varies by industry based on the nature of operational risks and insurance strategy.
ins_reserve_claimsHistorical 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.
Reserve for insurance claims at Other Companies
Frequently Asked Questions
- What is Markel's reserve for insurance claims?
- Markel (MKL) reported reserve for insurance claims of $31.37B in Q1 2026.
- How has Markel's reserve for insurance claims changed year-over-year?
- Markel's reserve for insurance claims increased by 12.5% year-over-year, from $27.89B to $31.37B.
- What is the long-term trend for Markel's reserve for insurance claims?
- Over 5 years (2020 to 2025), Markel's reserve for insurance claims has grown at a 13.7% compound annual growth rate (CAGR), from $16.22B to $30.86B.
- What does reserve for insurance claims mean?
- The estimated amount of money needed to pay for insurance claims that have occurred but are not yet settled.