Discontinued — last reported Q3 '24
Reinsurance — Net losses and loss adjustment expenses
Markel Reinsurance — Net losses and loss adjustment expenses increased by 7.1% to $198.06M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 12.5%, from $176.01M to $198.06M. Over 2 years (FY 2021 to FY 2023), Reinsurance — Net losses and loss adjustment expenses shows a downward trend with a -5.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Lower net losses relative to premiums indicate better underwriting performance and higher profitability.
Detailed definition
The total cost of claims incurred during the period, net of any reinsurance recoveries, including both paid losses and c...
Peer comparison
Core performance metric for all insurance segments; directly comparable to industry loss ratios.
mkl_segment_reinsurance_net_losses_and_loss_adjustment_expensesHistorical 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 | $166.85M | $221.87M | $188.59M | $182.46M | $165.93M | $166.49M | $161.74M | $166.79M | $176.32M | $176.01M | $150.71M | $163.22M | $184.90M | $198.06M |
| QoQ Change | — | +33.0% | -15.0% | -3.3% | -9.1% | +0.3% | -2.9% | +3.1% | +5.7% | -0.2% | -14.4% | +8.3% | +13.3% | +7.1% |
| YoY Change | — | — | — | — | -0.6% | -25.0% | -14.2% | -8.6% | +6.3% | +5.7% | -6.8% | -2.1% | +4.9% | +12.5% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Markel's reinsurance — net losses and loss adjustment expenses?
- Markel (MKL) reported reinsurance — net losses and loss adjustment expenses of $198.06M in Q3 2024.
- How has Markel's reinsurance — net losses and loss adjustment expenses changed year-over-year?
- Markel's reinsurance — net losses and loss adjustment expenses increased by 12.5% year-over-year, from $176.01M to $198.06M.
- What is the long-term trend for Markel's reinsurance — net losses and loss adjustment expenses?
- Over 2 years (2021 to 2023), Markel's reinsurance — net losses and loss adjustment expenses has grown at a -5.5% compound annual growth rate (CAGR), from $749.82M to $669.81M.
- What does reinsurance — net losses and loss adjustment expenses mean?
- The total net cost of insurance claims and the expenses to process them during the period.