B
Markel Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.30
Risk Adjusted
Capital Ratio #2
1.10
Loss
Ratio
66.90%
Total
Assets
5.97B
Capital
3.10B
Net
Premiums
820.80M
Net
Income
51.27M
My Lists My Alerts
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
3,540
609
4,149
14.68%
22.82%
2022
3,586
536
4,122
13.00%
23.10%
2021
419
177
596
29.70%
22.81%
2020
555
153
708
21.61%
21.51%
2019
915
277
1,192
23.24%
22.66%
2018
989
276
1,265
21.82%
21.92%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
246
21
267
7.87%
47.27%
2022
257
21
278
7.55%
45.41%
2021
277
179
456
39.25%
44.40%
2020
367
129
496
26.01%
42.42%
2019
808
311
1,119
27.79%
44.33%
2018
807
279
1,086
25.69%
44.16%
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
778
164
942
17.41%
38.64%
2022
733
186
919
20.24%
39.39%
2021
833
610
1,443
42.27%
40.41%
2020
853
1,074
1,927
55.73%
48.09%
2019
1,264
847
2,111
40.12%
43.30%
2018
1,167
761
1,928
39.47%
41.13%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
895
506
1,401
36.12%
36.96%
2022
653
576
1,229
46.87%
37.08%
2021
129
56
185
30.27%
39.17%
2020
119
58
177
32.77%
35.42%
2019
113
31
144
21.53%
35.34%
2018
119
46
165
27.88%
34.35%
Medical Professional Liability (Claims Made)
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
1
183
184
99.46%
95.21%
2022
2
148
150
98.67%
96.00%
2018
0
1
1
100.00%
94.39%
Medical Professional Liability (Occurrence)
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
0
0
0
0.00%
92.52%
2022
1
3
4
75.00%
92.14%
Other Liability: Claims Made
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
89
702
791
88.75%
74.81%
2022
60
645
705
91.49%
73.22%
2021
18
122
140
87.14%
79.01%
2020
26
115
141
81.56%
80.13%
2019
72
165
237
69.62%
77.47%
2018
70
170
240
70.83%
77.10%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
815
667
1,482
45.01%
16.34%
2022
722
618
1,340
46.12%
11.13%
2021
164
372
536
69.40%
18.93%
2020
76
223
299
74.58%
20.93%
2019
178
183
361
50.69%
16.90%
2018
563
142
705
20.14%
11.94%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
797
810
1,607
50.40%
44.64%
2022
770
699
1,469
47.58%
46.15%
2021
9
5
14
35.71%
46.87%
2020
7
2
9
22.22%
43.90%
2019
9
6
15
40.00%
42.09%
2018
13
9
22
40.91%
39.60%
Product Liability: Claims Made
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
1
7
8
87.50%
68.07%
2022
0
12
12
100.00%
77.84%
Product Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
1
4
5
80.00%
62.55%
2022
1
7
8
87.50%
56.52%
2021
0
4
4
100.00%
62.74%
2020
0
1
1
100.00%
61.51%
2019
3
6
9
66.67%
70.02%
2018
0
15
15
100.00%
70.45%
Workers' Compensation
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
1,112
467
1,579
29.58%
35.70%
2022
1,211
507
1,718
29.51%
37.14%
2021
3,690
1,533
5,223
29.35%
35.46%
2020
2,970
1,180
4,150
28.43%
33.86%
2019
3,572
791
4,363
18.13%
34.01%
2018
3,284
711
3,995
17.80%
32.34%