(1) All entities are rated XV for financial size category unless noted. Markel Bermuda Limited and
Markel Global Reinsurance Company are rated XIII for financial size category. The State National Companies
are rated IX for financial size category. The State National Companies are indicated above by the SN
superscript.
(2) Fitch assigned unsolicited ratings of A+ to a number of Markel’s insurance companies and a rating
of BBB+ to Markel’s Senior Debt.
(3) Lloyd’s Syndicate: S&P provides an FSR for the Lloyd’s marketplace not by individual
syndicate. Lloyd’s marketplace is rated AA- by Fitch.
DISCLAIMER: This document is intended for general information purposes only. The content of this document is made
available on an “as is” basis, without warranty of any kind. Markel does not assume any obligation to update any
information herein, or remove any information that is no longer accurate or complete. Furthermore, Markel does
not assume any liability to any person or organization for loss of damage caused by or resulting from any
reliance placed on that content.
Information as of December 31, 2022. Credit ratings are under continuous review
and subject to change. The rating represents the overall financial status of the insurance companies and is not
a recommendation of the specific policy provisions, rates, or practices of the issuing insurance company.