Markel MKL Eliminations — Deferred policy acquisition costs

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FAFCorporate And Eliminations — Supplementary Insurance Information Deferred Policy Acquisition Costs

$0—

SAFTDeferred policy acquisition costs

$108.52M+3.4%

ACGLDeferred policy acquisition costs

$1.77B-0.6%

HCIConsolidated Variable Interest Entities — Deferred Policy Acquisition Costs

$5.34M+111%

WTMDeferred Policy Acquisition Costs, Amortization Expense

$102.2M+5.3%

RLIDeferred policy acquisition costs

$176.19M+3.9%

Questions, answered.

What is Markel's eliminations — deferred policy acquisition costs?

Markel (MKL) reported eliminations — deferred policy acquisition costs of $0 in Q4 2025.

What does eliminations — deferred policy acquisition costs mean?

This metric represents the adjustment made to remove intercompany balances related to deferred policy acquisition costs during the consolidation of financial statements. It ensures that costs associated with acquiring insurance policies are not double-counted when aggregating results across different business segments or subsidiaries. This is a standard accounting elimination used to present a consolidated view of the firm's true acquisition cost position.