Markel MKL Fronting — Unpaid losses and loss adjustment expenses

Other segment segments

Similar metrics at other companies

HIGEmployee Benefits — Unpaid losses and loss adjustment expenses

$8.11B-1.1%

EIGInsurance Operations — Unpaid losses and loss adjustment expenses

$1.81B-0.1%

SNFCAReported But Unpaid Claims — Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense

$3M—

JRVRExcess and Surplus Lines — Liability for Unpaid Claims and Claims Adjustment Expense, Net

$914.23M+0.5%

JRVRExcess and Surplus Lines — Liability for Unpaid Claims and Claims Adjustment Expense, Incurred but Not Reported (IBNR) Claims, Amount

$328.3M-0.6%

FTDRLiability for Unpaid Claims and Claims Adjustment Expense, Net

$64M+1.6%

Questions, answered.

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

Markel (MKL) reported fronting — unpaid losses and loss adjustment expenses of $8.8B in Q4 2025.

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

The total liability for claims that have been reported but not yet paid, plus estimates for claims incurred but not yet reported (IBNR). This reflects the long-term financial obligation of the fronting segment to policyholders.