Business Segments · Reinsurance Recoverables, Gross

Underwriting Operations — Reinsurance Recoverables, Gross

Markel Underwriting Operations — Reinsurance Recoverables, Gross increased by 16.0% to $5.80B in Q4 2025 compared to the prior quarter.

Analysis

StatementSegment
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ4 2022
Last reportedQ4 2025
Rolls up toReinsurance Recoverables, Gross

How to read this metric

An increase reflects higher utilization of reinsurance, which reduces net exposure but increases counterparty credit risk.

Detailed definition

This represents the total gross amount of claims and loss adjustment expenses that are recoverable from reinsurers under...

Peer comparison

Standard balance sheet item for insurance companies with significant reinsurance operations.

Metric ID: mkl_segment_underwriting_operations_reinsurance_recoverables_gross

Historical Data

4 periods
 Q4 '22Q4 '23Q4 '24Q4 '25
Value$3.10B$4.00B$5.00B$5.80B
QoQ Change—+29.0%+25.0%+16.0%
YoY Change—+29.0%+25.0%+16.0%
Range$3.10B – $5.80B
Avg YoY Growth+23.3%
Median YoY Growth+25.0%
Current Streak3+ quarters growth

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Frequently Asked Questions

What is Markel's underwriting operations — reinsurance recoverables, gross?
Markel (MKL) reported underwriting operations — reinsurance recoverables, gross of $5.80B in Q4 2025.
What does underwriting operations — reinsurance recoverables, gross mean?
The total gross amount of claims the company expects to be reimbursed for by its reinsurers.