Markel MKL Financial — Unpaid losses and loss adjustment expenses

Other segment segments

Similar metrics at other companies

EIGInsurance Operations — Unpaid losses and loss adjustment expenses

$1.81B-0.1%

LMNDProperty Insurance — Unpaid losses and loss adjustment expenses

$193.5M+0.2%

GLREFinancial — Net outstanding liabilities

16,810,300,000%+14,240,200,000pp

HIPOLiability for Unpaid Claims and Claims Adjustment Expense, Net

$143.1M+5.7%

FTDRLiability for Unpaid Claims and Claims Adjustment Expense, Net

$64M+1.6%

FRHCOther — Liability for Unpaid Claims and Claims Adjustment Expense, Net

$11.78M+13.4%

Questions, answered.

What is Markel's financial — unpaid losses and loss adjustment expenses?

Markel (MKL) reported financial — unpaid losses and loss adjustment expenses of $8.6B in Q4 2025.

What does financial — unpaid losses and loss adjustment expenses mean?

This represents the gross total of all estimated liabilities for insurance claims that have been reported but not yet paid, plus estimates for claims that have been incurred but not yet reported (IBNR). It is the primary measure of the company's total insurance claim obligations before accounting for any reinsurance recoveries. This figure is central to the company's actuarial reserve analysis.