Business Segments · Deferred policy acquisition costs
Financial — Deferred policy acquisition costs
Markel Financial — Deferred policy acquisition costs increased by 7.3% to $1.02M in Q4 2025 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ4 2024
Last reportedQ4 2025
Rolls up toDeferred policy acquisition costs
How to read this metric
An increase relative to premiums may indicate higher acquisition costs or a shift in the business mix toward products with higher commission structures.
Detailed definition
This represents the costs directly associated with acquiring new insurance policies, such as commissions and premium tax...
Peer comparison
Standard accounting practice for insurance companies; peers report this to demonstrate underwriting expense discipline.
Metric ID:
mkl_segment_financial_deferred_policy_acquisition_costsHistorical Data
2 periods
| Q4 '24 | Q4 '25 | |
|---|---|---|
| Value | $948.00K | $1.02M |
| QoQ Change | — | +7.3% |
| YoY Change | — | +7.3% |
Range$948.00K – $1.02M
Avg YoY Growth+7.3%
Median YoY Growth+7.3%
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Frequently Asked Questions
- What is Markel's financial — deferred policy acquisition costs?
- Markel (MKL) reported financial — deferred policy acquisition costs of $1.02M in Q4 2025.
- What does financial — deferred policy acquisition costs mean?
- Costs of acquiring new insurance business that are spread out over the life of the policy.