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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 Mar. 2024 was 60.50% , which is lower than 71.60% for the pervious quarter ended in Dec. 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:
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.
Markel Group Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Claims Ratio % | Get a 7-Day Free Trial | ||||||||||
Expense Ratio % | Get a 7-Day Free Trial | ||||||||||
Combined Ratio % | Get a 7-Day Free Trial |
Markel GroupQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |||||||||||||||||||||
Claims Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Expense Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Combined Ratio % | Get a 7-Day Free Trial |
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.
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.
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.
Lawrence A Cunningham | director | 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060 |
Mark Besca | director | 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060 |
A. Lynne Puckett | director | C/O 222 W LAS COLINAS BLVD, SUITE 900N, IRVING TX 75039 |
Thomas Sinnickson Gayner | officer: Pres. & Chief Investment Off. | C/O MARKEL CORP, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060 |
Steven A Markel | director, officer: Vice Chairman | |
Greta J Harris | director | 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060 |
Morgan E. Housel | director | 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060 |
Teresa S Gendron | officer: Chief Financial Officer | 520 MADISON AVE., C/O JEFFERIES FINANCIAL GROUP INC., NEW YORK NY 10022 |
Diane Leopold | director | 120 TREDEGAR STREET, RICHMOND VA 23219 |
Anthony F Markel | director, officer: Vice Chairman | 4551 COX RD, GLEN ALLEN VA 23060 |
Andrew G. Crowley | officer: President, Markel Ventures | 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060 |
Whitt Richard R Iii | officer: President & Co-COO | C/O MARKEL CORPORATION, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060 |
Brian J. Costanzo | officer: CAO and Controller | 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060 |
Stewart M Kasen | director | 5818 EL CAMINO REAL, CARLSBAD CA 92008 |
Susan L. Davies | officer: CHRO, Markel Insurance | MARKEL CORPORATION, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060 |
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