Discontinued — last reported Q1 '23
Program services and other fronting — Net written premiums
Markel Program services and other fronting — Net written premiums decreased by 7.4% to -$451.00K in Q1 2023 compared to the prior quarter. Year-over-year, this metric grew by 69.9%, from -$1.50M to -$451.00K.
Analysis
How to read this metric
An increase suggests higher risk retention and potential for greater underwriting profit, while a decrease indicates a shift toward a fee-based model where the company acts primarily as a conduit for risk transfer. Consistently low or negative values in this segment typically confirm a business model focused on fronting fees rather than underwriting risk.
Detailed definition
This metric represents the net written premiums retained by the company within its program services and fronting segment...
Peer comparison
Comparable to fronting-focused insurance carriers or managing general agent (MGA) platforms that earn fees for providing paper and regulatory access rather than assuming primary insurance risk.
mkl_segment_program_services_and_other_fronting_net_written_premiumsHistorical Data
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | |
|---|---|---|---|---|---|---|
| Value | -$471.00K | -$2.26M | -$1.50M | -$1.13M | -$420.00K | -$451.00K |
| QoQ Change | — | -380.3% | +33.7% | +24.5% | +62.9% | -7.4% |
| YoY Change | — | — | — | -140.1% | +81.4% | +69.9% |
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Frequently Asked Questions
- What is Markel's program services and other fronting — net written premiums?
- Markel (MKL) reported program services and other fronting — net written premiums of -$451.00K in Q1 2023.
- How has Markel's program services and other fronting — net written premiums changed year-over-year?
- Markel's program services and other fronting — net written premiums increased by 69.9% year-over-year, from -$1.50M to -$451.00K.
- What does program services and other fronting — net written premiums mean?
- The total insurance premiums retained by the company in its fronting segment after passing off risk to reinsurers.