Discontinued — last reported Q4 '25
Business Segments · Ceded Premiums Earned
Fronting — Ceded Premiums Earned
Markel Fronting — Ceded Premiums Earned decreased by 23.8% to $1.49B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.4%, from $1.48B to $1.49B. Over 3 years (FY 2022 to FY 2025), Fronting — Ceded Premiums Earned shows an upward trend with a 18.5% CAGR.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ1 2022
Last reportedQ4 2025Feb 26, 2026
Rolls up toCeded Premiums Earned
How to read this metric
Higher values indicate a greater reliance on reinsurance partners to offload risk associated with fronting programs.
Detailed definition
The portion of earned premiums that the company has transferred to reinsurers under fronting arrangements. This metric h...
Peer comparison
Standard metric for insurers utilizing reinsurance to manage net risk exposure in program business.
Metric ID:
mkl_segment_fronting_ceded_premiums_earnedHistorical Data
16 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $837.35M | $837.35M | $837.35M | $837.35M | $893.70M | $893.70M | $893.70M | $893.70M | $827.13M | $1.05B | $1.25B | $1.48B | $983.55M | $1.15B | $1.96B | $1.49B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +6.7% | +0.0% | +0.0% | +0.0% | -7.4% | +27.2% | +19.0% | +18.5% | -33.8% | +16.9% | +70.2% | -23.8% |
| YoY Change | — | — | — | — | +6.7% | +6.7% | +6.7% | +6.7% | -7.4% | +17.8% | +40.2% | +66.2% | +18.9% | +9.2% | +56.1% | +0.4% |
Range$827.13M – $1.96B
CAGR+16.6%
Avg YoY Growth+19.0%
Median YoY Growth+8.0%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Markel's fronting — ceded premiums earned?
- Markel (MKL) reported fronting — ceded premiums earned of $1.49B in Q4 2025.
- How has Markel's fronting — ceded premiums earned changed year-over-year?
- Markel's fronting — ceded premiums earned increased by 0.4% year-over-year, from $1.48B to $1.49B.
- What is the long-term trend for Markel's fronting — ceded premiums earned?
- Over 3 years (2022 to 2025), Markel's fronting — ceded premiums earned has grown at a 18.5% compound annual growth rate (CAGR), from $3.35B to $5.58B.
- What does fronting — ceded premiums earned mean?
- The amount of earned premium revenue passed on to reinsurers as part of risk-transfer agreements.