Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
Markel Group's Claims Ratio % for the quarter that ended in Dec. 2023 was 71.60%
, which is higher than
66.20% for the pervious quarter ended in Sep. 2023.
Markel Group's Claims Ratio % for the annual that ended in Dec. 2023 was 64.20%
, which is higher than
58.60% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Markel Group's Claims Ratio % or its related term are showing as below:
MKL'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.
Competitive Comparison of Markel Group's Claims Ratio %
For the Insurance - Property & Casualty subindustry, Markel Group's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Markel Group (NYSE:MKL) 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 (NYSE:MKL) 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
Thank you for viewing the detailed overview of Markel Group's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MKL has been successfully added to your 