Discontinued — last reported Q4 '25
Business Segments · Direct premiums written
Underwriting Operations — Direct premiums written
Markel Underwriting Operations — Direct premiums written decreased by 4.1% to $2.32B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.1%, from $2.15B to $2.32B. Over 3 years (FY 2022 to FY 2025), Underwriting Operations — Direct premiums written shows an upward trend with a 4.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ1 2016
Last reportedQ4 2025
How to read this metric
An increase signals growth in the company's core insurance business and market share expansion.
Detailed definition
This represents the total premiums charged by the company on insurance policies issued directly to policyholders before...
Peer comparison
A standard top-line metric for all P&C insurers to measure business volume.
Metric ID:
mkl_segment_underwriting_operations_direct_premiums_writtenHistorical 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 | $1.82B | $2.11B | $2.13B | $2.02B | $1.97B | $2.29B | $2.22B | $2.18B | $2.11B | $2.36B | $2.25B | $2.15B | $2.14B | $2.41B | $2.42B | $2.32B |
| QoQ Change | — | +15.7% | +1.2% | -5.3% | -2.5% | +16.1% | -2.7% | -2.1% | -3.2% | +11.8% | -4.5% | -4.6% | -0.5% | +13.1% | +0.2% | -4.1% |
| YoY Change | — | — | — | — | +8.0% | +8.4% | +4.2% | +7.8% | +7.0% | +3.1% | +1.1% | -1.5% | +1.4% | +2.5% | +7.6% | +8.1% |
Range$1.82B – $2.42B
CAGR+6.6%
Avg YoY Growth+4.8%
Median YoY Growth+5.6%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Markel's underwriting operations — direct premiums written?
- Markel (MKL) reported underwriting operations — direct premiums written of $2.32B in Q4 2025.
- How has Markel's underwriting operations — direct premiums written changed year-over-year?
- Markel's underwriting operations — direct premiums written increased by 8.1% year-over-year, from $2.15B to $2.32B.
- What is the long-term trend for Markel's underwriting operations — direct premiums written?
- Over 3 years (2022 to 2025), Markel's underwriting operations — direct premiums written has grown at a 4.7% compound annual growth rate (CAGR), from $8.09B to $9.29B.
- What does underwriting operations — direct premiums written mean?
- The total value of insurance premiums written directly by the company before accounting for reinsurance.