Operating Expenses
Policyholder Benefits And Claims Incurred Net
Markel Policyholder Benefits And Claims Incurred Net decreased by 6.9% to $1.17B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 7.0%, from $1.25B to $1.17B.
Analysis
StatementIncome Statement
SectionOperating Expenses
First reportedQ2 2023
Last reportedQ1 2026Apr 28, 2026
Metric ID:
operating_expenses_policyholder_benefits_and_claims_incu_84f983Historical Data
9 periods
| Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $1.19B | $1.4B | $1.29B | $1.23B | $1.29B | $1.25B | $1.29B | $1.25B | $1.17B |
| QoQ Change | — | +18.2% | -8.3% | -4.3% | +4.7% | -2.8% | +2.7% | -2.7% | -6.9% |
| YoY Change | — | — | — | +3.8% | -8.1% | -2.6% | +4.5% | -2.9% | -7.0% |
Range$1.17B – $1.4B
CAGR-0.9%
Avg YoY Growth-2.0%
Median YoY Growth-2.7%
Current Streak2 quarters decline
Business Segments
| Segment | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '26 |
|---|---|---|---|---|---|---|
| Underwriting Operations | $1.56B | $1.29B | $1.23B | $1.29B | $1.24B | $1.17B |
| Total | — | $1.29B | $1.23B | $1.29B | — | $1.17B |
Policyholder Benefits And Claims Incurred Net at Other Companies
Frequently Asked Questions
- What is Markel's policyholder benefits and claims incurred net?
- Markel (MKL) reported policyholder benefits and claims incurred net of $1.17B in Q1 2026.
- How has Markel's policyholder benefits and claims incurred net changed year-over-year?
- Markel's policyholder benefits and claims incurred net decreased by 7.0% year-over-year, from $1.25B to $1.17B.