Business Segments · Deferred policy acquisition costs
Markel Insurance — Deferred policy acquisition costs
Markel Markel Insurance — Deferred policy acquisition costs increased by 3.9% to $908.50M 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
Rising costs relative to premiums may indicate increased competition or higher acquisition expenses.
Detailed definition
These are the incremental costs directly related to the successful acquisition of new or renewal insurance contracts, su...
Peer comparison
Commonly referred to as 'DAC' or 'Deferred acquisition costs' across the insurance industry.
Metric ID:
mkl_segment_markel_insurance_deferred_policy_acquisition_costsHistorical Data
2 periods
| Q4 '24 | Q4 '25 | |
|---|---|---|
| Value | $874.76M | $908.50M |
| QoQ Change | — | +3.9% |
| YoY Change | — | +3.9% |
Range$874.76M – $908.50M
Avg YoY Growth+3.9%
Median YoY Growth+3.9%
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Frequently Asked Questions
- What is Markel's markel insurance — deferred policy acquisition costs?
- Markel (MKL) reported markel insurance — deferred policy acquisition costs of $908.50M in Q4 2025.
- What does markel insurance — deferred policy acquisition costs mean?
- Costs incurred to acquire insurance policies that are spread out over the life of the policy.