Markel Programs — Earned premiums remained flat by 0.0% to $163.48M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 14.0%, from $143.38M to $163.48M. Over 4 years (FY 2021 to FY 2025), Programs — Earned premiums shows an upward trend with a 30.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase indicates growth in the scale of the Programs business, while a decrease suggests a contraction in underwriting volume or market share.
This metric represents the portion of premiums written by the Programs segment that has been recognized as revenue over...
Comparable to gross or net earned premiums reported by other specialty insurers operating through program administrators or managing general agents.
mkl_segment_programs_earned_premiums| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $222.41M | $384.95M | $509.87M | $573.52M | $653.90M |
| YoY Change | — | +73.1% | +32.4% | +12.5% | +14.0% |