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Markel MKL Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims

Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims at other companies

Bowhead Specialty Holdings logo
Bowhead Specialty HoldingsBOW
$91.48M+24.6%
ASI
Ategrity Specialty Holdings LLCASIC
$61.88M+32.0%
Axis Capital Holders logo
Axis Capital HoldersAXS
$867.28M+10.4%
W.R. Berkley logo
W.R. BerkleyWRB
Skyward Specialty Insurance Group, Inc. logo
Skyward Specialty Insurance Group, Inc.SKWD

Other financials

Income statement

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Revenue$3.6B+0.1%
Operating income-$273.3M-197%
Net income-$212.3M-274%
EPS (diluted)-$18.90-256%

Balance sheet

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Cash & equivalents$3.7B-12.2%
Total debt$4.4B-0.2%
Total equity$18.1B+5.7%
Total assets$68.6B+6.2%

Cash flow

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Operating cash flow$15.9M-95.8%
CapEx$47.3M+16.1%
Free cash flow-$31.4M-109%

Valuation

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Market cap$24.96B-2.2%
Enterprise value$25.66B-1.9%
P/E14.1×+2.6×
P/S1.6×-0.1×

Profitability

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Operating margin16.4%-1.7pp
Net margin11%-1.6pp
FCF margin13.6%-0.8pp

Returns & leverage

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Return on equity10.1%-1.2pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Markel in its filing.

Tagged under the XBRL concept us-gaap:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1.

The official record: Markel’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Markel's liability for unpaid claims and claims adjustment expense, incurred claims?
Markel (MKL) reported liability for unpaid claims and claims adjustment expense, incurred claims of $1.27B in Q4 2025.
How has Markel's liability for unpaid claims and claims adjustment expense, incurred claims changed year-over-year?
Markel's liability for unpaid claims and claims adjustment expense, incurred claims increased by 0.5% year-over-year, from $1.26B to $1.27B.
What is the long-term trend for Markel's liability for unpaid claims and claims adjustment expense, incurred claims?
Over 3 years (2022 to 2025), Markel's liability for unpaid claims and claims adjustment expense, incurred claims has grown at a 4.5% compound annual growth rate (CAGR), from $4.45B to $5.08B.
What does liability for unpaid claims and claims adjustment expense, incurred claims mean?
This represents the estimated total cost of claims that have been incurred but not yet paid, including the costs associated with investigating and settling those claims. It is a critical measure of an insurer's future obligations and reserve adequacy.