Discontinued — last reported Q3 '24
Program services and other fronting — Ceded Premiums Earned
Markel Program services and other fronting — Ceded Premiums Earned increased by 19.0% to $1.25B in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 27.5%, from $982.84M to $1.25B. Over 2 years (FY 2021 to FY 2023), Program services and other fronting — Ceded Premiums Earned shows an upward trend with a 14.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase indicates higher costs associated with risk transfer or reinsurance protection.
Detailed definition
Represents the portion of earned premiums that is ceded to reinsurers. This aligns the cost of reinsurance protection wi...
Peer comparison
Standard metric for insurers; comparable to Ceded Earned Premiums at peer companies.
mkl_segment_program_services_and_other_fronting_ceded_premiums_earnedHistorical 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $607.20M | $739.23M | $775.06M | $749.80M | $673.24M | $948.18M | $978.17M | $716.28M | $808.96M | $982.84M | $1.07B | $827.13M | $1.05B | $1.25B |
| QoQ Change | — | +21.7% | +4.8% | -3.3% | -10.2% | +40.8% | +3.2% | -26.8% | +12.9% | +21.5% | +8.5% | -22.5% | +27.2% | +19.0% |
| YoY Change | — | — | — | — | +10.9% | +28.3% | +26.2% | -4.5% | +20.2% | +3.7% | +9.1% | +15.5% | +30.1% | +27.5% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Markel's program services and other fronting — ceded premiums earned?
- Markel (MKL) reported program services and other fronting — ceded premiums earned of $1.25B in Q3 2024.
- How has Markel's program services and other fronting — ceded premiums earned changed year-over-year?
- Markel's program services and other fronting — ceded premiums earned increased by 27.5% year-over-year, from $982.84M to $1.25B.
- What is the long-term trend for Markel's program services and other fronting — ceded premiums earned?
- Over 2 years (2021 to 2023), Markel's program services and other fronting — ceded premiums earned has grown at a 14.6% compound annual growth rate (CAGR), from $2.72B to $3.57B.
- What does program services and other fronting — ceded premiums earned mean?
- The portion of earned premiums passed to reinsurers.