What is Markel's other — services and other expenses?

Markel (MKL) reported other — services and other expenses of $20.58M in Q4 2023.

How has Markel's other — services and other expenses changed year-over-year?

Markel's other — services and other expenses decreased by 20.5% year-over-year, from $25.89M to $20.58M.

What is the long-term trend for Markel's other — services and other expenses?

Over 2 years (2021 to 2023), Markel's other — services and other expenses has grown at a -49.1% compound annual growth rate (CAGR), from $255.84M to $66.24M.

What does other — services and other expenses mean?

The total operating costs incurred to provide services in non-core business segments.

Discontinued — last reported Q4 '23

Business Segments · Services and other expenses

Other — Services and other expenses

Markel Other — Services and other expenses decreased by 42.9% to $20.58M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 20.5%, from $25.89M to $20.58M. Over 2 years (FY 2021 to FY 2023), Other — Services and other expenses shows a downward trend with a -49.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryProfitability

SignalLower is better

VolatilityModerate

First reportedQ1 2016

Last reportedQ4 2023

How to read this metric

Lower expenses relative to service revenue indicate higher operational efficiency in the service-based business units.

Detailed definition

Includes all operating costs associated with providing services in the non-core business segments. This covers labor, ov...

Peer comparison

Comparable to 'Operating Expenses' or 'Cost of Services' in service-oriented business segments.

Metric ID: mkl_segment_other_services_and_other_expenses

Historical Data

11 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23
Value	$65.58M	$48.73M	$74.35M	$157.99M	$21.42M	-$9.82M	$25.89M	-$16.13M	$25.76M	$36.03M	$20.58M
QoQ Change	—	-25.7%	+52.6%	+112.5%	-86.4%	-145.9%	+363.5%	-162.3%	+259.7%	+39.9%	-42.9%
YoY Change	—	—	—	—	-67.3%	-120.2%	-65.2%	-110.2%	+20.2%	+466.8%	-20.5%

Range-$16.13M – $157.99M

CAGR-37.1%

Avg YoY Growth+14.8%

Median YoY Growth-65.2%

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Frequently Asked Questions

What is Markel's other — services and other expenses?: Markel (MKL) reported other — services and other expenses of $20.58M in Q4 2023.
How has Markel's other — services and other expenses changed year-over-year?: Markel's other — services and other expenses decreased by 20.5% year-over-year, from $25.89M to $20.58M.
What is the long-term trend for Markel's other — services and other expenses?: Over 2 years (2021 to 2023), Markel's other — services and other expenses has grown at a -49.1% compound annual growth rate (CAGR), from $255.84M to $66.24M.
What does other — services and other expenses mean?: The total operating costs incurred to provide services in non-core business segments.