Markel MKL Underwriting Operations — Unpaid losses and loss adjustment expenses

Other segment segments

Similar metrics at other companies

EIGInsurance Operations — Unpaid losses and loss adjustment expenses

$1.81B-0.1%

HIGOther operations — Unpaid losses and loss adjustment expenses

$459M-9.5%

HIGProperty & Casualty Other Operations — Unpaid losses and loss adjustment expenses

$2.71B-2.8%

LMNDProperty Insurance — Unpaid losses and loss adjustment expenses

$193.5M+0.2%

CLOVInsurance Operations — Unpaid claims

$260.4M+72.5%

HIGEmployee Benefits — Unpaid losses and loss adjustment expenses

$8.11B-1.1%

Questions, answered.

What is Markel's underwriting operations — unpaid losses and loss adjustment expenses?

Markel (MKL) reported underwriting operations — unpaid losses and loss adjustment expenses of $22.1B in Q4 2025.

What does underwriting operations — unpaid losses and loss adjustment expenses mean?

This represents the total estimated liability for claims that have been reported but not yet settled, plus claims that have been incurred but not yet reported. It reflects the company's actuarial assessment of future obligations arising from insurance policies issued. This is a critical indicator of long-term underwriting risk and reserve adequacy.