Discontinued — last reported Q3 '22
Business Segments · U.S. GAAP combined ratio
Insurance — U.S. GAAP combined ratio
Markel Insurance — U.S. GAAP combined ratio increased by 6.7% to 95.0% in Q3 2022 compared to the prior quarter. Year-over-year, this metric grew by 6.7%, from 89.0% to 95.0%. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2016
Last reportedQ3 2022Nov 1, 2022
How to read this metric
A lower ratio signifies superior underwriting efficiency and profitability, whereas a higher ratio suggests rising costs or poor risk selection.
Detailed definition
The combined ratio is a key measure of insurance underwriting efficiency, representing the sum of the loss ratio and the...
Peer comparison
A standard industry benchmark used by all P&C insurers to compare underwriting performance.
Metric ID:
mkl_segment_insurance_u_s_gaap_combined_ratioHistorical Data
5 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | |
|---|---|---|---|---|---|
| Value | 84% | 89% | 87% | 89% | 95% |
| QoQ Change | — | +6.0% | -2.2% | +2.3% | +6.7% |
| YoY Change | — | — | — | +6.0% | +6.7% |
Range84% – 95%
CAGR+13.1%
Avg YoY Growth+6.3%
Median YoY Growth+6.3%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is Markel's insurance — u.s. gaap combined ratio?
- Markel (MKL) reported insurance — u.s. gaap combined ratio of 95.0% in Q3 2022.
- How has Markel's insurance — u.s. gaap combined ratio changed year-over-year?
- Markel's insurance — u.s. gaap combined ratio increased by 6.7% year-over-year, from 89.0% to 95.0%.
- What does insurance — u.s. gaap combined ratio mean?
- The percentage of each premium dollar that is spent on claims and operating expenses.