Discontinued — last reported Q1 '25
Insurance — Other Underwriting Expense
Markel Insurance — Other Underwriting Expense increased by 4.4% to $315.51M in Q1 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.2%, from $289.00M to $315.51M. Over 3 years (FY 2021 to FY 2024), Insurance — Other Underwriting Expense shows an upward trend with a 12.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to premiums may indicate rising operational inefficiency or higher costs of doing business.
Detailed definition
Represents the operational costs incurred by the insurance segment to acquire and maintain policies, excluding direct cl...
Peer comparison
Commonly referred to as 'Underwriting Expenses' or 'General and Administrative Expenses' in peer insurance filings.
mkl_segment_insurance_other_underwriting_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $204.62M | $202.96M | $216.05M | $191.65M | $204.17M | $200.60M | $212.93M | $239.15M | $243.50M | $250.68M | $293.02M | $289.00M | $276.31M | $295.99M | $302.25M | $315.51M |
| QoQ Change | — | -0.8% | +6.4% | -11.3% | +6.5% | -1.7% | +6.1% | +12.3% | +1.8% | +2.9% | +16.9% | -1.4% | -4.4% | +7.1% | +2.1% | +4.4% |
| YoY Change | — | — | — | — | -0.2% | -1.2% | -1.4% | +24.8% | +19.3% | +25.0% | +37.6% | +20.8% | +13.5% | +18.1% | +3.1% | +9.2% |
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Frequently Asked Questions
- What is Markel's insurance — other underwriting expense?
- Markel (MKL) reported insurance — other underwriting expense of $315.51M in Q1 2025.
- How has Markel's insurance — other underwriting expense changed year-over-year?
- Markel's insurance — other underwriting expense increased by 9.2% year-over-year, from $289.00M to $315.51M.
- What is the long-term trend for Markel's insurance — other underwriting expense?
- Over 3 years (2021 to 2024), Markel's insurance — other underwriting expense has grown at a 12.8% compound annual growth rate (CAGR), from $810.93M to $1.16B.
- What does insurance — other underwriting expense mean?
- The administrative and operational costs associated with running the insurance underwriting business.