Discontinued — last reported Q4 '25
Business Segments · Ceded Premiums Earned
Underwriting Operations — Ceded Premiums Earned
Markel Underwriting Operations — Ceded Premiums Earned decreased by 1.4% to $515.45M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 5.0%, from $542.67M to $515.45M. Over 3 years (FY 2022 to FY 2025), Underwriting Operations — Ceded Premiums Earned shows an upward trend with a 15.1% CAGR.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ1 2016
Last reportedQ4 2025
How to read this metric
An increase suggests higher risk transfer or increased reliance on reinsurance, while a decrease may indicate higher risk retention.
Detailed definition
Represents the portion of premiums earned by the insurer that has been transferred to reinsurers under reinsurance contr...
Peer comparison
Commonly reported as Ceded Earned Premiums by property and casualty insurers.
Metric ID:
mkl_segment_underwriting_operations_ceded_premiums_earnedHistorical Data
16 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $339.93M | $321.44M | $351.12M | $365.71M | $402.44M | $418.26M | $429.90M | $433.04M | $463.38M | $487.00M | $500.84M | $542.67M | $544.16M | $519.92M | $522.94M | $515.45M |
| QoQ Change | — | -5.4% | +9.2% | +4.2% | +10.0% | +3.9% | +2.8% | +0.7% | +7.0% | +5.1% | +2.8% | +8.4% | +0.3% | -4.5% | +0.6% | -1.4% |
| YoY Change | — | — | — | — | +18.4% | +30.1% | +22.4% | +18.4% | +15.1% | +16.4% | +16.5% | +25.3% | +17.4% | +6.8% | +4.4% | -5.0% |
Range$321.44M – $544.16M
CAGR+11.7%
Avg YoY Growth+15.5%
Median YoY Growth+17.0%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Markel's underwriting operations — ceded premiums earned?
- Markel (MKL) reported underwriting operations — ceded premiums earned of $515.45M in Q4 2025.
- How has Markel's underwriting operations — ceded premiums earned changed year-over-year?
- Markel's underwriting operations — ceded premiums earned decreased by 5.0% year-over-year, from $542.67M to $515.45M.
- What is the long-term trend for Markel's underwriting operations — ceded premiums earned?
- Over 3 years (2022 to 2025), Markel's underwriting operations — ceded premiums earned has grown at a 15.1% compound annual growth rate (CAGR), from $1.38B to $2.10B.
- What does underwriting operations — ceded premiums earned mean?
- The amount of earned premium passed on to reinsurance companies to reduce risk exposure.