Discontinued — last reported Q4 '25
Business Segments · Ceded written premium
Underwriting Operations — Ceded written premium
Markel Underwriting Operations — Ceded written premium decreased by 14.5% to $481.99M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 6.7%, from $516.45M to $481.99M. Over 3 years (FY 2022 to FY 2025), Underwriting Operations — Ceded written premium shows an upward trend with a 11.0% CAGR.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ1 2016
Last reportedQ4 2025
How to read this metric
An increase suggests a more conservative risk appetite or a strategic decision to hedge against large losses.
Detailed definition
This represents the portion of premiums that the company pays to reinsurers to transfer a portion of its underwriting ri...
Peer comparison
Standard metric for evaluating the cost and extent of reinsurance protection across the industry.
Metric ID:
mkl_segment_underwriting_operations_ceded_written_premiumHistorical 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 | $353.38M | $427.96M | $473.89M | $384.94M | $440.03M | $526.56M | $478.04M | $434.22M | $543.96M | $642.45M | $549.26M | $516.45M | $554.73M | $643.57M | $563.68M | $481.99M |
| QoQ Change | — | +21.1% | +10.7% | -18.8% | +14.3% | +19.7% | -9.2% | -9.2% | +25.3% | +18.1% | -14.5% | -6.0% | +7.4% | +16.0% | -12.4% | -14.5% |
| YoY Change | — | — | — | — | +24.5% | +23.0% | +0.9% | +12.8% | +23.6% | +22.0% | +14.9% | +18.9% | +2.0% | +0.2% | +2.6% | -6.7% |
Range$353.38M – $643.57M
CAGR+8.6%
Avg YoY Growth+11.6%
Median YoY Growth+13.9%
Current Streak2 quarters decline
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Frequently Asked Questions
- What is Markel's underwriting operations — ceded written premium?
- Markel (MKL) reported underwriting operations — ceded written premium of $481.99M in Q4 2025.
- How has Markel's underwriting operations — ceded written premium changed year-over-year?
- Markel's underwriting operations — ceded written premium decreased by 6.7% year-over-year, from $516.45M to $481.99M.
- What is the long-term trend for Markel's underwriting operations — ceded written premium?
- Over 3 years (2022 to 2025), Markel's underwriting operations — ceded written premium has grown at a 11.0% compound annual growth rate (CAGR), from $1.64B to $2.24B.
- What does underwriting operations — ceded written premium mean?
- The amount of premiums the company pays to other insurers to share its risk.