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Markel Group (LTS:0JYM) Claims Ratio % : 0.00% (As of . 20)


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What is Markel Group Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for Markel Group's Claims Ratio % or its related term are showing as below:

LTS:0JYM's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Markel Group Claims Ratio % Historical Data

The historical data trend for Markel Group's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Markel Group Claims Ratio % Chart


Markel Group  (LTS:0JYM) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %=Total Claims / Total Premiums Earned * 100%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Markel Group  (LTS:0JYM) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Markel Group Claims Ratio % Related Terms

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Markel Group (LTS:0JYM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Markel Group Inc (LTS:0JYM) » Definitions » Claims Ratio %
Comparable Companies
WRB CINF L CNA AFG HIG KNSL RLI SIGI THG PGR CB TSE:8766 TRV ALL HKSE:01339 TSX:IFC HKSE:02328 TSE:8725 TSX:FFH
Traded in Other Exchanges
MKL:USA MKL:Mexico MKV:Germany MKV:Germany MKLC34:Brazil
Address
4521 Highwoods Parkway, Glen Allen, VA, USA, 23060-6148
Website
https://www.markel.com
Markel's primary business is property and casualty insurance, and the company focuses primarily on specialty lines, ranging from areas such as executive liability to commercial equine insurance. The acquisition of Alterra in 2013 added substantial reinsurance operations, which now account for a little less than 15% of premiums. The company uses capital generated by its insurance operations to buy noninsurance operations in diverse areas, such as bakery equipment manufacturing and residential homebuilding.

Markel Group (LTS:0JYM) Headlines

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