Discontinued — last reported Q3 '24
Business Segments · Net losses and loss adjustment expenses
Insurance — Net losses and loss adjustment expenses
Markel Insurance — Net losses and loss adjustment expenses increased by 2.0% to $1.22B in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 3.4%, from $1.26B to $1.22B. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ1 2016
Last reportedQ3 2024
How to read this metric
A lower ratio relative to premiums indicates better underwriting performance and profitability.
Detailed definition
The total cost incurred by the insurer for claims and the associated administrative costs to settle them, net of any rec...
Peer comparison
Core performance metric for all P&C insurers, essential for calculating the loss ratio.
Metric ID:
mkl_segment_insurance_net_losses_and_loss_adjustment_expensesHistorical Data
13 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $783.31M | $866.48M | $863.15M | $886.24M | $919.28M | $1.10B | $1.03B | $1.08B | $1.08B | $1.26B | $1.20B | $1.19B | $1.22B |
| QoQ Change | — | +10.6% | -0.4% | +2.7% | +3.7% | +19.7% | -6.4% | +4.6% | +0.2% | +16.6% | -4.6% | -0.8% | +2.0% |
| YoY Change | — | — | — | — | +17.4% | +27.0% | +19.4% | +21.6% | +17.4% | +14.4% | +11.5% | +10.4% | -3.4% |
Range$783.31M – $1.26B
CAGR+15.8%
Avg YoY Growth+15.1%
Median YoY Growth+17.4%
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Frequently Asked Questions
- What is Markel's insurance — net losses and loss adjustment expenses?
- Markel (MKL) reported insurance — net losses and loss adjustment expenses of $1.22B in Q3 2024.
- How has Markel's insurance — net losses and loss adjustment expenses changed year-over-year?
- Markel's insurance — net losses and loss adjustment expenses decreased by 3.4% year-over-year, from $1.26B to $1.22B.
- What does insurance — net losses and loss adjustment expenses mean?
- The total cost of claims and claim-handling expenses after accounting for reinsurance.