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Markel Group (MKL) Financials

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$1,876.72 +9.40 (+0.50%)
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Annual Income Statements for Markel Group

Annual Income Statements for Markel Group

This table shows Markel Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 583 456 395 -128 1,790 798 2,387 -252 1,960 2,711
Consolidated Net Income / (Loss)		 589 460 401 -130 1,799 832 2,446 -103 2,101 2,847
Net Income / (Loss) Continuing Operations		 589 460 401 -130 1,799 832 2,446 -103 2,101 2,847
Total Pre-Tax Income 		742 630 87 -7.86 2,286 1,000 3,130 -152 2,654 3,638
Total Revenue		 5,252 5,438 5,929 6,687 9,355 9,557 12,663 11,479 15,619 16,416
Net Interest Income / (Expense)		 -118 -130 -132 -154 -172 -178 -184 -196 -185 -204
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 118 130 132 154 172 178 184 196 185 204
Long-Term Debt Interest Expense		 118 130 132 154 172 178 184 196 185 204
Total Non-Interest Income		 5,370 5,568 6,062 6,841 9,526 9,735 12,846 11,675 15,804 16,621
Other Service Charges		 1,087 422 462 635 813 1,690 2,285 2,809 2,705 2,825
Net Realized & Unrealized Capital Gains on Investments		 460 394 400 -3.38 2,054 994 2,346 -1,149 2,259 2,728
Premiums Earned		 3,824 3,866 4,248 4,712 5,050 5,612 6,503 7,588 8,295 8,432
Other Non-Interest Income		 - 885 951 1,498 1,610 1,440 1,712 2,427 2,545 2,636
Total Non-Interest Expense		 4,510 4,808 5,842 6,695 7,069 8,557 9,533 11,631 12,965 12,779
Property & Liability Insurance Claims		 1,939 2,051 2,866 2,821 2,891 3,467 3,581 4,446 5,322 5,053
Other Operating Expenses		 1,047 1,172 1,309 1,888 2,131 2,817 3,569 4,549 4,531 4,697
Amortization Expense		 69 69 81 116 149 159 161 179 181 181
Impairment Charge		 - 19 0.00 199 - 0.00 0.00 80 0.00 0.00
Restructuring Charge		 1,455 1,497 1,589 1,778 1,878 - 2,294 2,516 2,841 2,977
Other Special Charges		 - 1.25 -3.14 -107 20 96 -72 -138 90 -129
Income Tax Expense		 153 169 -313 122 486 169 684 -48 553 790
Preferred Stock Dividends Declared		 - - - 0.00 0.00 18 36 36 36 36
Net Income / (Loss) Attributable to Noncontrolling Interest		 6.37 4.75 5.49 -2.17 9.00 16 23 113 105 100
Basic Earnings per Share		 $41.99 $31.41 $25.89 ($9.55) $129.25 $55.67 $176.79 ($23.72) $147.32 $199.69
Weighted Average Basic Shares Outstanding		 13.98M 14.01M 15.30M 13.92M 13.78M 13.78M 13.61M 13.41M 13.11M 12.77M
Diluted Earnings per Share		 $41.74 $31.27 $25.81 ($9.55) $129.07 $55.63 $176.38 ($23.72) $146.98 $199.32
Weighted Average Diluted Shares Outstanding		 13.98M 14.01M 15.30M 13.92M 13.78M 13.78M 13.61M 13.41M 13.11M 12.77M
Weighted Average Basic & Diluted Shares Outstanding		 13.98M 14.01M 15.30M 13.92M 13.78M 13.78M 13.61M 13.41M 13.11M 12.77M

Quarterly Income Statements for Markel Group

This table shows Markel Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 60 674 489 678 43 751 1,025 250 905 531 122
Consolidated Net Income / (Loss)		 117 712 538 716 53 794 1,049 290 947 561 129
Net Income / (Loss) Continuing Operations		 117 712 538 716 53 794 1,049 290 947 561 129
Total Pre-Tax Income 		133 904 672 908 68 1,007 1,342 366 1,206 724 158
Total Revenue		 3,066 4,064 3,594 4,095 3,331 4,599 4,421 3,649 4,558 3,788 3,347
Net Interest Income / (Expense)		 -47 -49 -49 -47 -45 -44 -46 -53 -53 -53 -52
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 47 49 49 47 45 44 46 53 53 53 52
Long-Term Debt Interest Expense		 47 49 49 47 45 44 46 53 53 53 52
Total Non-Interest Income		 3,066 4,211 3,643 4,143 3,375 4,643 4,467 3,702 4,611 3,841 3,399
Other Service Charges		 692 847 566 672 726 741 618 684 736 787 661
Net Realized & Unrealized Capital Gains on Investments		 -169 744 532 654 -74 1,146 1,121 93 1,153 361 88
Premiums Earned		 1,957 2,038 1,968 2,031 2,122 2,175 2,128 2,077 2,110 2,118 2,089
Other Non-Interest Income		 587 582 578 785 602 581 601 847 612 575 561
Total Non-Interest Expense		 2,886 3,258 2,922 3,187 3,263 3,592 3,079 3,283 3,352 3,065 3,189
Property & Liability Insurance Claims		 1,185 1,229 1,173 1,188 1,404 1,557 1,288 1,233 1,291 1,242 1,255
Other Operating Expenses		 1,127 1,129 996 1,242 1,152 1,140 1,060 1,305 1,159 1,172 1,068
Amortization Expense		 43 44 44 44 48 44 44 44 46 46 47
Restructuring Charge		 643 672 676 698 698 769 739 710 744 785 747
Other Special Charges		 -114 104 33 15 -39 81 -52 -8.71 112 -181 73
Income Tax Expense		 16 192 134 192 14 213 293 76 259 162 28
Preferred Stock Dividends Declared		 0.00 18 0.00 18 0.00 18 0.00 18 0.00 18 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 57 20 49 20 11 25 24 22 42 12 7.63
Basic Earnings per Share		 $3.09 $48.84 $37.33 $50.20 $3.15 $56.64 $75.56 $18.66 $66.40 $39.07 $12.11
Weighted Average Basic Shares Outstanding		 13.45M 13.41M 13.35M 13.26M 13.22M 13.11M 13.00M 12.95M 12.86M 12.77M 12.68M
Diluted Earnings per Share		 $3.08 $48.85 $37.26 $50.09 $3.14 $56.49 $75.43 $18.62 $66.25 $39.02 $12.08
Weighted Average Diluted Shares Outstanding		 13.45M 13.41M 13.35M 13.26M 13.22M 13.11M 13.00M 12.95M 12.86M 12.77M 12.68M
Weighted Average Basic & Diluted Shares Outstanding		 13.45M 13.41M 13.35M 13.26M 13.22M 13.11M 13.00M 12.95M 12.86M 12.77M 12.68M

Annual Cash Flow Statements for Markel Group

This table details how cash moves in and out of Markel Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 588 -985 416 -104 1,104 1,716 -336 341 -889 -140
Net Cash From Operating Activities		 651 535 859 893 1,274 1,738 2,274 2,709 2,787 2,594
Net Cash From Continuing Operating Activities		 651 535 859 893 1,274 1,738 2,274 2,709 2,787 2,594
Net Income / (Loss) Continuing Operations		 589 460 401 -130 1,799 832 2,446 -103 2,101 2,847
Consolidated Net Income / (Loss)		 589 460 401 -130 1,799 832 2,446 -103 2,101 2,847
Depreciation Expense		 201 194 204 228 269 307 336 309 320 342
Amortization Expense		 - - - - - - - 58 -60 -124
Non-Cash Adjustments to Reconcile Net Income		 -106 -1.07 2.16 530 -1,599 -522 -2,073 1,312 -1,453 -1,937
Changes in Operating Assets and Liabilities, net		 -32 -119 252 265 805 1,121 1,564 1,134 1,879 1,464
Net Cash From Investing Activities		 63 -1,638 -744 -797 -535 -512 -2,938 -1,670 -2,704 -2,399
Net Cash From Continuing Investing Activities		 63 -1,638 -744 -797 -535 -658 -2,938 -1,670 -2,704 -2,399
Purchase of Property, Leasehold Improvements and Equipment		 -80 -64 -75 -107 -123 -101 -145 -255 -259 -255
Purchase of Investment Securities		 -1,923 -2,904 -2,621 -1,555 -1,538 -2,779 -3,742 -3,472 -4,911 -4,390
Divestitures		 - - - - - 0.00 41 201 41 0.00
Sale and/or Maturity of Investments		 2,066 1,329 1,374 2,073 1,126 2,222 909 1,394 2,425 2,246
Other Investing Activities, net		 - - 578 -33 - 0.00 0.00 461 0.00 0.00
Net Cash From Financing Activities		 -74 152 256 -179 359 435 370 -595 -1,000 -298
Net Cash From Continuing Financing Activities		 -74 152 256 -179 359 435 370 -595 -1,000 -298
Issuance of Debt		 70 559 665 207 1,645 223 1,199 1,034 625 1,434
Repayment of Debt		 -88 -322 -260 -332 -1,131 -276 -487 -1,255 -950 -897
Repurchase of Common Equity		 -31 -51 -111 -54 -116 -27 -207 -291 -445 -573
Payment of Dividends		 -6.29 -5.95 -7.90 0.00 0.00 -18 -36 -36 -125 -153
Other Financing Activities, Net		 -23 -28 -30 - -39 -59 -99 -48 -105 -109
Effect of Exchange Rate Changes		 -53 -33 45 -21 5.64 56 -42 -103 27 -37

Quarterly Cash Flow Statements for Markel Group

This table details how cash moves in and out of Markel Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -115 426 -217 236 -196 -713 -55 -61 411 -434 483
Net Cash From Operating Activities		 959 829 284 724 956 823 631 579 891 494 376
Net Cash From Continuing Operating Activities		 959 829 284 724 956 823 631 579 891 494 376
Net Income / (Loss) Continuing Operations		 117 712 538 716 53 794 1,049 290 947 561 129
Consolidated Net Income / (Loss)		 117 712 538 716 53 794 1,049 290 947 561 129
Non-Cash Adjustments to Reconcile Net Income		 843 -1,383 -254 8.51 902 -2,110 -419 289 -56 -1,751 247
Net Cash From Investing Activities		 -880 -387 -109 -265 -969 -1,361 -564 -994 -326 -514 193
Net Cash From Continuing Investing Activities		 -880 -387 -109 -265 -969 -1,361 -564 -994 -326 -514 193
Purchase of Property, Leasehold Improvements and Equipment		 -99 -45 -37 -42 -76 -104 -72 -57 -52 -74 -41
Purchase of Investment Securities		 -987 -1,106 -727 -741 -1,301 -2,143 -1,079 -1,452 -913 -946 -831
Sale and/or Maturity of Investments		 206 672 656 477 407 886 587 515 638 506 1,065
Net Cash From Financing Activities		 -104 -104 -412 -218 -169 -200 -103 358 -189 -364 -106
Net Cash From Continuing Financing Activities		 -104 -104 -412 -218 -169 -200 -103 358 -189 -364 -106
Issuance of Debt		 229 276 161 195 120 149 272 829 177 156 263
Repayment of Debt		 -246 -272 -369 -277 -166 -138 -209 -284 -223 -180 -203
Repurchase of Common Equity		 -82 -83 -82 -105 -82 -176 -161 -99 -129 -184 -170
Other Financing Activities, Net		 -5.75 -7.51 -122 -12 -41 71 -4.89 -69 -15 -20 3.83
Effect of Exchange Rate Changes		 -90 88 20 -5.61 -13 26 -19 -3.17 35 -50 19

Annual Balance Sheets for Markel Group

This table presents Markel Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 24,939 25,875 32,805 33,306 37,474 41,710 48,477 49,791 55,046 61,898
Cash and Due from Banks		 2,630 1,739 2,198 2,014 3,073 4,342 3,978 4,137 3,747 3,693
Restricted Cash		 440 346 302 382 428 875 902 1,084 585 500
Trading Account Securities		 13,469 14,637 15,909 15,764 17,562 17,676 21,611 19,529 23,951 27,530
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Unearned Premiums Asset		 1,436 1,583 7,413 8,245 8,696 9,371 11,506 13,474 15,056 18,179
Deferred Acquisition Cost		 353 392 466 475 566 631 794 925 931 876
Goodwill		 1,168 1,142 1,777 2,238 2,309 2,605 2,899 2,639 2,625 2,736
Intangible Assets		 792 723 1,356 1,726 1,738 1,783 1,822 1,747 1,589 1,460
Other Assets		 4,651 5,313 3,384 2,462 3,102 4,428 4,963 6,255 6,562 6,926
Total Liabilities & Shareholders' Equity		 24,939 25,875 32,805 33,306 37,474 41,710 48,477 49,791 55,046 61,898
Total Liabilities		 17,036 17,334 23,137 24,032 26,218 28,650 33,276 36,054 39,520 44,429
Long-Term Debt		 2,239 2,575 3,099 3,010 3,534 3,484 4,361 4,104 3,780 4,330
Claims and Claim Expense		 10,252 10,116 13,584 14,276 14,729 16,222 18,179 20,948 23,483 26,633
Future Policy Benefits		 1,123 1,050 1,072 1,001 986 1,070 903 651 649 583
Unearned Premiums Liability		 2,166 2,264 3,309 3,611 4,058 4,433 5,384 6,221 6,642 7,064
Other Long-Term Liabilities		 1,255 1,331 2,073 2,133 2,912 3,440 4,449 4,131 4,965 5,818
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 63 74 166 174 178 246 461 523 470 540
Total Equity & Noncontrolling Interests		 7,841 8,467 9,502 9,100 11,078 12,815 14,740 13,214 15,056 16,929
Total Preferred & Common Equity		 7,834 8,461 9,504 9,081 11,071 12,800 14,717 13,151 14,984 16,916
Preferred Stock		 - - - - 0.00 592 592 592 592 592
Total Common Equity		 7,834 8,461 9,504 9,081 11,071 12,208 14,125 12,559 14,392 16,324
Common Stock		 3,342 3,369 3,382 3,393 3,405 3,428 3,441 3,494 3,517 3,561
Retained Earnings		 3,137 3,526 3,777 5,782 7,457 8,195 10,447 9,833 11,353 13,380
Accumulated Other Comprehensive Income / (Loss)		 1,355 1,566 2,346 -95 209 584 238 -767 -478 -617
Noncontrolling Interest		 6.46 6.48 -2.57 20 7.55 15 23 63 72 13

Quarterly Balance Sheets for Markel Group

This table presents Markel Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 48,421 50,942 52,184 52,749 57,286 59,710 62,283 64,599
Cash and Due from Banks		 3,541 4,032 4,306 4,355 3,627 3,511 3,873 4,194
Restricted Cash		 1,255 973 935 690 650 705 753 481
Trading Account Securities		 18,677 20,517 21,435 21,526 25,090 25,570 27,659 27,975
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Unearned Premiums Asset		 13,501 13,940 14,477 14,800 15,968 17,657 18,069 20,234
Deferred Acquisition Cost		 946 994 1,013 986 962 1,001 968 961
Goodwill		 2,797 2,643 2,627 2,623 2,626 2,738 2,740 2,772
Intangible Assets		 1,686 1,706 1,678 1,633 1,546 1,553 1,508 1,635
Other Assets		 6,018 6,138 5,714 6,135 6,818 6,973 6,714 6,347
Total Liabilities & Shareholders' Equity		 48,421 50,942 52,184 52,749 57,286 59,710 62,283 64,599
Total Liabilities		 35,550 36,661 37,481 38,226 40,969 43,285 44,620 46,855
Long-Term Debt		 4,131 3,897 3,814 3,769 3,855 4,400 4,356 4,391
Claims and Claim Expense		 20,194 21,307 21,375 22,144 24,145 24,647 25,877 27,888
Future Policy Benefits		 733 669 644 600 617 595 623 588
Unearned Premiums Liability		 6,515 6,570 7,072 7,197 7,154 8,244 7,887 7,692
Other Long-Term Liabilities		 3,976 4,218 4,576 4,515 5,197 5,399 5,876 6,296
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 513 492 464 467 500 477 515 580
Total Equity & Noncontrolling Interests		 12,359 13,789 14,239 14,055 15,818 15,949 17,147 17,165
Total Preferred & Common Equity		 12,294 13,744 14,185 13,999 15,730 15,850 17,014 17,149
Preferred Stock		 592 592 592 592 592 592 592 592
Total Common Equity		 11,702 13,153 13,594 13,407 15,138 15,258 16,422 16,557
Common Stock		 3,483 3,507 3,515 3,520 3,548 3,547 3,553 3,583
Retained Earnings		 9,256 10,255 10,819 10,779 12,185 12,330 13,063 13,365
Accumulated Other Comprehensive Income / (Loss)		 -1,036 -610 -741 -891 -595 -618 -194 -391
Noncontrolling Interest		 65 45 54 56 88 99 133 16

Annual Metrics and Ratios for Markel Group

This table displays calculated financial ratios and metrics derived from Markel Group's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 4.69% 3.55% 9.03% 12.78% 39.89% 2.17% 32.49% -9.35% 36.06% 5.11%
EBITDA Growth		 46.45% -12.62% -64.67% -24.44% 1,061.43% -48.83% 165.10% -93.79% 1,252.74% 32.36%
EBIT Growth		 68.52% -15.12% -86.14% -109.00% 29,200.04% -56.23% 212.84% -104.84% 1,850.86% 37.08%
NOPAT Growth		 82.01% -21.85% -12.96% -101.37% 32,826.42% -53.78% 194.06% -104.34% 2,080.36% 35.52%
Net Income Growth		 82.01% -21.85% -12.96% -132.53% 1,480.45% -53.78% 194.06% -104.23% 2,132.85% 35.52%
EPS Growth		 87.43% -25.08% -17.46% -137.00% 1,451.52% -56.90% 217.06% -113.45% 719.65% 35.61%
Operating Cash Flow Growth		 -9.16% -17.90% 60.59% 4.00% 42.70% 36.38% 30.88% 19.15% 2.86% -6.92%
Free Cash Flow Firm Growth		 161.88% -241.16% -144.12% 138.19% -247.97% -30.51% 37.92% 382.22% -60.64% -44.38%
Invested Capital Growth		 2.28% 9.59% 14.86% -3.78% 20.40% 11.86% 18.25% -8.80% 8.21% 12.92%
Revenue Q/Q Growth		 1.61% 0.10% 4.04% -8.53% 29.92% 1.63% 3.25% 3.19% 3.54% -4.70%
EBITDA Q/Q Growth		 29.87% 7.13% 49.81% -81.35% 945.07% -6.39% 9.58% -39.52% 10.63% -5.94%
EBIT Q/Q Growth		 12.60% -9.92% -29.52% -100.74% 2,137.68% -19.36% 4.13% -184.61% 8.16% -7.23%
NOPAT Q/Q Growth		 15.72% -12.47% 325.73% -100.52% 236.62% 67.75% 1.06% -281.97% 4.09% -7.55%
Net Income Q/Q Growth		 15.72% -12.47% 325.73% -112.27% 236.62% -41.33% 63.24% -277.28% 4.09% -7.55%
EPS Q/Q Growth		 17.05% -13.86% 473.56% -112.79% 230.86% 71.33% 1.61% -129.85% 5.48% -8.06%
Operating Cash Flow Q/Q Growth		 -10.87% 25.76% 6.13% -12.72% 51.39% -4.72% 8.37% 7.01% -0.24% -11.24%
Free Cash Flow Firm Q/Q Growth		 1,156.05% 23.95% -414.37% 241.22% 42.57% -103.26% -21.01% 1.27% -12.82% 154.69%
Invested Capital Q/Q Growth		 1.48% -0.70% 10.71% -5.01% 0.63% 5.73% 5.51% 4.93% 5.54% -1.00%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 17.96% 15.15% 4.91% 3.29% 27.31% 13.68% 27.37% 1.88% 18.65% 23.49%
EBIT Margin		 14.13% 11.58% 1.47% -0.12% 24.44% 10.47% 24.72% -1.32% 16.99% 22.16%
Profit (Net Income) Margin		 11.22% 8.47% 6.76% -1.95% 19.24% 8.70% 19.32% -0.90% 13.45% 17.34%
Tax Burden Percent		 79.39% 73.10% 459.08% 1,659.49% 78.72% 83.14% 78.15% 68.19% 79.18% 78.27%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 20.61% 26.90% -359.08% 0.00% 21.28% 16.86% 21.85% 0.00% 20.82% 21.73%
Return on Invested Capital (ROIC)		 5.87% 4.33% 3.36% -0.04% 13.29% 5.31% 13.55% -0.57% 11.31% 13.85%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.87% 4.33% 3.36% -4.13% 13.29% 5.31% 13.55% -0.50% 11.31% 13.85%
Return on Net Nonoperating Assets (RNNOA)		 1.70% 1.27% 1.05% -1.33% 4.24% 1.53% 3.76% -0.15% 3.05% 3.41%
Return on Equity (ROE)		 7.57% 5.60% 4.40% -1.38% 17.53% 6.84% 17.31% -0.71% 14.36% 17.26%
Cash Return on Invested Capital (CROIC)		 3.62% -4.82% -10.47% 3.81% -5.22% -5.89% -3.17% 8.64% 3.42% 1.72%
Operating Return on Assets (OROA)		 2.96% 2.48% 0.30% -0.02% 6.46% 2.53% 6.94% -0.31% 5.06% 6.22%
Return on Assets (ROA)		 2.35% 1.81% 1.37% -0.39% 5.08% 2.10% 5.42% -0.21% 4.01% 4.87%
Return on Common Equity (ROCE)		 7.50% 5.55% 4.34% -1.35% 17.21% 6.55% 16.13% -0.66% 13.23% 16.07%
Return on Equity Simple (ROE_SIMPLE)		 7.52% 5.44% 4.22% -1.44% 16.25% 6.50% 16.62% -0.79% 14.02% 16.83%
Net Operating Profit after Tax (NOPAT)		 589 460 401 -5.50 1,799 832 2,446 -106 2,101 2,847
NOPAT Margin		 11.22% 8.47% 6.76% -0.08% 19.24% 8.70% 19.32% -0.92% 13.45% 17.34%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 4.09% 0.00% 0.00% 0.00% -0.06% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 85.87% 88.42% 98.53% 100.12% 75.56% 89.53% 75.28% 101.32% 83.01% 77.84%
Earnings before Interest and Taxes (EBIT)		 742 630 87 -7.86 2,286 1,000 3,130 -152 2,654 3,638
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 943 824 291 220 2,555 1,308 3,466 215 2,914 3,857
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.57 1.50 1.67 1.59 1.43 1.17 1.19 1.41 1.30 1.36
Price to Tangible Book Value (P/TBV)		 2.10 1.92 2.48 2.82 2.25 1.82 1.79 2.17 1.84 1.83
Price to Revenue (P/Rev)		 2.35 2.33 2.67 2.16 1.69 1.49 1.33 1.54 1.20 1.35
Price to Earnings (P/E)		 21.15 27.77 40.04 0.00 8.82 17.85 7.07 0.00 9.58 8.19
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 4.73% 3.60% 2.50% 0.00% 11.34% 5.60% 14.15% 0.00% 10.44% 12.21%
Enterprise Value to Invested Capital (EV/IC)		 1.14 1.19 1.30 1.24 1.08 0.81 0.89 1.00 1.00 1.08
Enterprise Value to Revenue (EV/Rev)		 2.20 2.43 2.80 2.28 1.71 1.40 1.38 1.55 1.24 1.43
Enterprise Value to EBITDA (EV/EBITDA)		 12.26 16.05 56.97 69.18 6.27 10.22 5.03 82.55 6.64 6.09
Enterprise Value to EBIT (EV/EBIT)		 15.58 20.99 190.01 0.00 7.00 13.35 5.57 0.00 7.29 6.46
Enterprise Value to NOPAT (EV/NOPAT)		 19.62 28.72 41.39 0.00 8.90 16.06 7.12 0.00 9.21 8.25
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.76 24.74 19.32 17.05 12.56 7.69 7.66 6.56 6.94 9.05
Enterprise Value to Free Cash Flow (EV/FCFF)		 31.85 0.00 0.00 31.86 0.00 0.00 0.00 11.00 30.42 66.39
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.28 0.30 0.32 0.32 0.31 0.27 0.29 0.30 0.24 0.25
Long-Term Debt to Equity		 0.28 0.30 0.32 0.32 0.31 0.27 0.29 0.30 0.24 0.25
Financial Leverage		 0.29 0.29 0.31 0.32 0.32 0.29 0.28 0.29 0.27 0.25
Leverage Ratio		 3.22 3.09 3.22 3.49 3.45 3.26 3.19 3.40 3.58 3.54
Compound Leverage Factor		 3.22 3.09 3.22 3.49 3.45 3.26 3.19 3.40 3.58 3.54
Debt to Total Capital		 22.08% 23.16% 24.28% 24.50% 23.90% 21.06% 22.29% 23.00% 19.58% 19.86%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 22.08% 23.16% 24.28% 24.50% 23.90% 21.06% 22.29% 23.00% 19.58% 19.86%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 3.58% 3.03% 3.32% 3.07% 2.72%
Noncontrolling Interests to Total Capital		 0.68% 0.72% 1.28% 1.58% 1.25% 1.57% 2.48% 3.28% 2.81% 2.54%
Common Equity to Total Capital		 77.24% 76.12% 74.44% 73.92% 74.85% 73.79% 72.21% 70.40% 74.55% 74.88%
Debt to EBITDA		 2.37 3.12 10.64 13.68 1.38 2.66 1.26 19.05 1.30 1.12
Net Debt to EBITDA		 -0.88 0.59 2.06 2.79 0.01 -1.33 -0.15 -5.19 -0.19 0.04
Long-Term Debt to EBITDA		 2.37 3.12 10.64 13.68 1.38 2.66 1.26 19.05 1.30 1.12
Debt to NOPAT		 3.80 5.59 7.73 -547.35 1.96 4.19 1.78 -38.68 1.80 1.52
Net Debt to NOPAT		 -1.41 1.06 1.49 -111.51 0.02 -2.08 -0.21 10.54 -0.26 0.05
Long-Term Debt to NOPAT		 3.80 5.59 7.73 -547.35 1.96 4.19 1.78 -38.68 1.80 1.52
Noncontrolling Interest Sharing Ratio		 0.88% 0.91% 1.34% 1.89% 1.85% 4.27% 6.82% 7.79% 7.90% 6.91%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 363 -512 -1,251 478 -707 -922 -573 1,616 636 354
Operating Cash Flow to CapEx		 816.44% 839.63% 1,150.04% 837.63% 1,032.71% 1,715.27% 1,565.63% 1,063.73% 1,077.57% 1,017.29%
Free Cash Flow to Firm to Interest Expense		 3.07 -3.94 -9.44 3.10 -4.12 -5.19 -3.12 8.24 3.44 1.73
Operating Cash Flow to Interest Expense		 5.50 4.12 6.48 5.79 7.42 9.78 12.39 13.82 15.06 12.70
Operating Cash Flow Less CapEx to Interest Expense		 4.83 3.63 5.92 5.10 6.70 9.21 11.60 12.52 13.66 11.45
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.21 0.21 0.20 0.20 0.26 0.24 0.28 0.23 0.30 0.28
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 10,143 11,116 12,767 12,284 14,790 16,544 19,563 17,841 19,306 21,799
Invested Capital Turnover		 0.52 0.51 0.50 0.53 0.69 0.61 0.70 0.61 0.84 0.80
Increase / (Decrease) in Invested Capital		 226 973 1,651 -483 2,506 1,754 3,019 -1,722 1,465 2,494
Enterprise Value (EV)		 11,562 13,225 16,587 15,220 16,009 13,357 17,423 17,781 19,351 23,486
Market Capitalization		 12,323 12,655 15,825 14,413 15,790 14,237 16,867 17,721 18,769 22,203
Book Value per Share		 $561.58 $604.72 $684.15 $654.01 $801.51 $886.04 $1,033.45 $933.74 $1,088.78 $1,269.14
Tangible Book Value per Share		 $421.06 $471.44 $458.61 $368.50 $508.51 $567.61 $688.01 $607.63 $770.03 $942.95
Total Capital		 10,143 11,116 12,767 12,284 14,790 16,544 19,563 17,841 19,306 21,799
Total Debt		 2,239 2,575 3,099 3,010 3,534 3,484 4,361 4,104 3,780 4,330
Total Long-Term Debt		 2,239 2,575 3,099 3,010 3,534 3,484 4,361 4,104 3,780 4,330
Net Debt		 -831 489 598 613 34 -1,733 -520 -1,118 -552 138
Capital Expenditures (CapEx)		 80 64 75 107 123 101 145 255 259 255
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 125 0.00 0.00 0.00 -2.74 0.00 0.00
Net Nonoperating Obligations (NNO)		 2,239 2,575 3,099 3,010 3,534 3,484 4,361 4,104 3,780 4,330
Total Depreciation and Amortization (D&A)		 201 194 204 228 269 307 336 367 260 219
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $41.99 $31.41 $25.89 ($9.55) $129.25 $55.67 $176.92 ($23.57) $147.32 $199.69
Adjusted Weighted Average Basic Shares Outstanding		 13.96M 13.96M 13.90M 13.87M 13.78M 13.78M 13.61M 13.41M 13.11M 12.77M
Adjusted Diluted Earnings per Share		 $41.74 $31.27 $25.81 ($9.55) $129.07 $55.63 $176.51 ($23.57) $146.98 $199.32
Adjusted Weighted Average Diluted Shares Outstanding		 13.96M 13.96M 13.90M 13.87M 13.78M 13.78M 13.61M 13.41M 13.11M 12.77M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 13.96M 13.96M 13.90M 13.87M 13.78M 13.78M 13.61M 13.41M 13.11M 12.77M
Normalized Net Operating Profit after Tax (NOPAT)		 1,744 1,569 1,172 1,304 3,294 911 4,182 1,614 4,422 5,077
Normalized NOPAT Margin		 33.21% 28.86% 19.76% 19.49% 35.21% 9.54% 33.03% 14.06% 28.31% 30.92%
Pre Tax Income Margin		 14.13% 11.58% 1.47% -0.12% 24.44% 10.47% 24.72% -1.32% 16.99% 22.16%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 6.27 4.85 0.66 -0.05 13.31 5.63 17.05 -0.77 14.34 17.81
NOPAT to Interest Expense		 4.98 3.54 3.03 -0.04 10.48 4.68 13.32 -0.54 11.35 13.94
EBIT Less CapEx to Interest Expense		 5.60 4.36 0.10 -0.74 12.60 5.06 16.26 -2.07 12.94 16.56
NOPAT Less CapEx to Interest Expense		 4.31 3.05 2.46 -0.73 9.76 4.11 12.53 -1.84 9.96 12.69
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 1.07% 1.29% 1.97% 0.00% 0.00% 2.21% 1.47% -34.83% 5.95% 5.38%
Augmented Payout Ratio		 6.41% 12.40% 29.63% -41.43% 6.46% 5.44% 9.92% -316.18% 27.15% 25.50%

Quarterly Metrics and Ratios for Markel Group

This table displays calculated financial ratios and metrics derived from Markel Group's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 16.10% 9.55% 40.58% 128.51% 8.63% 13.15% 23.02% -10.89% 36.85% -17.62% -24.30%
EBITDA Growth		 -20.95% -27.89% 3,525.66% 192.80% -48.63% 23.60% 93.60% -56.91% 988.95% -26.74% -85.23%
EBIT Growth		 -26.02% -29.08% 1,103.06% 184.71% -62.62% 24.83% 99.80% -59.68% 1,687.11% -28.14% -88.24%
NOPAT Growth		 -38.44% -18.51% 1,247.58% 191.17% -54.38% 11.60% 95.09% -59.51% 1,677.69% -29.30% -87.67%
Net Income Growth		 -38.44% -18.51% 1,201.78% 181.10% -54.38% 11.60% 95.09% -59.51% 1,677.69% -29.30% -87.67%
EPS Growth		 -79.59% -21.53% 673.23% 172.44% 1.95% 15.64% 102.44% -62.83% 2,009.87% -30.93% -83.99%
Operating Cash Flow Growth		 18.54% 27.25% -31.50% 43.14% -0.38% -0.80% 121.92% -20.13% -6.79% -39.95% -40.35%
Free Cash Flow Firm Growth		 161.19% 213.44% 166.20% 77.65% -174.70% -127.57% -168.76% -5,418.31% -124.98% -187.99% -93.76%
Invested Capital Growth		 -8.29% -8.80% -4.41% 4.24% 7.58% 8.21% 10.98% 12.46% 20.38% 12.92% 9.73%
Revenue Q/Q Growth		 71.08% 32.56% -11.57% 13.95% -18.67% 38.07% -2.92% -17.46% 24.90% -16.89% -11.65%
EBITDA Q/Q Growth		 121.83% 279.65% -15.81% 33.01% -87.92% 813.58% 37.71% -70.40% 205.32% -38.54% -73.42%
EBIT Q/Q Growth		 116.85% 346.68% -16.74% 35.19% -92.56% 1,391.50% 39.44% -72.71% 229.52% -40.02% -78.20%
NOPAT Q/Q Growth		 114.87% 509.42% -24.42% 33.12% -92.56% 1,390.75% 32.12% -72.37% 226.70% -40.71% -76.96%
Net Income Q/Q Growth		 113.23% 509.42% -24.42% 33.12% -92.56% 1,390.75% 32.12% -72.37% 226.70% -40.71% -76.96%
EPS Q/Q Growth		 104.45% 1,486.04% -23.73% 34.43% -93.73% 1,699.04% 33.53% -75.31% 255.80% -41.10% -69.04%
Operating Cash Flow Q/Q Growth		 89.54% -13.56% -65.73% 154.92% 31.92% -13.93% -23.33% -8.25% 53.95% -44.55% -23.84%
Free Cash Flow Firm Q/Q Growth		 1,111.37% 47.12% -43.48% -102.66% -3,279.60% 45.70% -40.98% -113.32% -37.79% 30.50% 5.15%
Invested Capital Q/Q Growth		 -4.29% 4.93% 1.89% 1.87% -1.22% 5.54% 4.49% 3.23% 5.73% -1.00% 1.54%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 7.31% 20.92% 19.92% 23.25% 3.45% 22.86% 31.35% 11.24% 27.49% 20.33% 6.12%
EBIT Margin		 5.89% 19.84% 18.69% 22.17% 2.03% 21.89% 30.35% 10.03% 26.47% 19.10% 4.71%
Profit (Net Income) Margin		 3.81% 17.51% 14.96% 17.48% 1.60% 17.27% 23.73% 7.94% 20.78% 14.82% 3.86%
Tax Burden Percent		 87.64% 78.71% 80.09% 78.86% 78.91% 78.87% 78.20% 79.17% 78.50% 77.60% 81.99%
Interest Burden Percent		 73.78% 112.08% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 12.36% 21.29% 19.91% 21.14% 21.09% 21.13% 21.80% 20.83% 21.50% 22.40% 18.01%
Return on Invested Capital (ROIC)		 2.38% 10.75% 10.07% 14.28% 1.37% 14.52% 20.35% 6.46% 17.76% 11.84% 2.80%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.38% 10.75% 10.07% 14.28% 1.37% 14.52% 20.35% 6.46% 17.76% 11.84% 2.80%
Return on Net Nonoperating Assets (RNNOA)		 0.74% 3.14% 2.90% 4.25% 0.39% 3.91% 5.16% 1.70% 4.48% 2.91% 0.68%
Return on Equity (ROE)		 3.12% 13.89% 12.98% 18.53% 1.76% 18.43% 25.51% 8.16% 22.24% 14.75% 3.48%
Cash Return on Invested Capital (CROIC)		 8.98% 8.64% 7.10% 7.33% 4.13% 3.42% 3.22% -0.62% -3.21% 1.72% -0.16%
Operating Return on Assets (OROA)		 1.38% 4.64% 4.68% 6.56% 0.60% 6.52% 9.22% 2.87% 7.93% 5.36% 1.19%
Return on Assets (ROA)		 0.89% 4.09% 3.75% 5.17% 0.48% 5.15% 7.21% 2.27% 6.22% 4.16% 0.97%
Return on Common Equity (ROCE)		 2.89% 12.81% 11.98% 17.06% 1.61% 16.98% 23.59% 7.57% 20.61% 13.73% 3.24%
Return on Equity Simple (ROE_SIMPLE)		 0.47% 0.00% 3.52% 14.68% 14.42% 0.00% 16.61% 13.79% 18.10% 0.00% 11.24%
Net Operating Profit after Tax (NOPAT)		 117 712 538 716 53 794 1,049 290 947 561 129
NOPAT Margin		 3.81% 17.51% 14.96% 17.48% 1.60% 17.27% 23.73% 7.94% 20.78% 14.82% 3.86%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 94.11% 80.16% 81.32% 77.83% 97.97% 78.11% 69.65% 89.97% 73.53% 80.90% 95.29%
Earnings before Interest and Taxes (EBIT)		 181 807 672 908 68 1,007 1,342 366 1,206 724 158
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 224 850 716 952 115 1,051 1,386 410 1,253 770 205
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.25 1.41 1.30 1.36 1.46 1.30 1.33 1.34 1.24 1.36 1.44
Price to Tangible Book Value (P/TBV)		 2.03 2.17 1.95 1.99 2.13 1.84 1.83 1.87 1.67 1.83 1.97
Price to Revenue (P/Rev)		 1.32 1.54 1.37 1.25 1.29 1.20 1.22 1.28 1.18 1.35 1.56
Price to Earnings (P/E)		 0.00 0.00 59.45 9.72 10.38 9.58 8.06 9.90 6.93 8.19 13.21
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 1.68% 10.29% 9.64% 10.44% 12.41% 10.10% 14.44% 12.21% 7.57%
Enterprise Value to Invested Capital (EV/IC)		 0.89 1.00 0.94 0.98 1.06 1.00 1.03 1.05 0.97 1.08 1.12
Enterprise Value to Revenue (EV/Rev)		 1.36 1.55 1.37 1.22 1.28 1.24 1.27 1.36 1.24 1.43 1.62
Enterprise Value to EBITDA (EV/EBITDA)		 42.60 82.55 22.44 6.62 7.36 6.64 5.96 7.37 5.19 6.09 9.39
Enterprise Value to EBIT (EV/EBIT)		 84.68 0.00 29.22 7.07 7.90 7.29 6.28 7.85 5.43 6.46 10.10
Enterprise Value to NOPAT (EV/NOPAT)		 260.18 0.00 35.49 8.71 9.60 9.21 7.99 9.99 6.91 8.25 12.85
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.99 6.56 6.65 6.49 6.93 6.94 6.66 7.31 7.28 9.05 10.59
Enterprise Value to Free Cash Flow (EV/FCFF)		 9.51 11.00 12.98 13.65 26.55 30.42 33.80 0.00 0.00 66.39 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.32 0.30 0.27 0.26 0.26 0.24 0.24 0.27 0.25 0.25 0.25
Long-Term Debt to Equity		 0.32 0.30 0.27 0.26 0.26 0.24 0.24 0.27 0.25 0.25 0.25
Financial Leverage		 0.31 0.29 0.29 0.30 0.29 0.27 0.25 0.26 0.25 0.25 0.24
Leverage Ratio		 3.50 3.40 3.46 3.58 3.69 3.58 3.54 3.59 3.57 3.54 3.58
Compound Leverage Factor		 2.59 3.81 3.46 3.58 3.69 3.58 3.54 3.59 3.57 3.54 3.58
Debt to Total Capital		 24.30% 23.00% 21.44% 20.60% 20.61% 19.58% 19.11% 21.13% 19.78% 19.86% 19.84%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 24.30% 23.00% 21.44% 20.60% 20.61% 19.58% 19.11% 21.13% 19.78% 19.86% 19.84%
Preferred Equity to Total Capital		 3.48% 3.32% 3.26% 3.20% 3.24% 3.07% 2.93% 2.84% 2.69% 2.72% 2.67%
Noncontrolling Interests to Total Capital		 3.40% 3.28% 2.95% 2.80% 2.86% 2.81% 2.91% 2.76% 2.95% 2.54% 2.69%
Common Equity to Total Capital		 68.82% 70.40% 72.35% 73.41% 73.30% 74.55% 75.04% 73.27% 74.58% 74.88% 74.80%
Debt to EBITDA		 11.60 19.05 5.10 1.39 1.43 1.30 1.10 1.49 1.06 1.12 1.66
Net Debt to EBITDA		 -1.87 -5.19 -1.45 -0.52 -0.48 -0.19 -0.12 0.06 -0.07 0.04 -0.11
Long-Term Debt to EBITDA		 11.60 19.05 5.10 1.39 1.43 1.30 1.10 1.49 1.06 1.12 1.66
Debt to NOPAT		 70.86 -38.68 8.06 1.83 1.87 1.80 1.48 2.01 1.41 1.52 2.28
Net Debt to NOPAT		 -11.40 10.54 -2.29 -0.69 -0.63 -0.26 -0.16 0.08 -0.09 0.05 -0.15
Long-Term Debt to NOPAT		 70.86 -38.68 8.06 1.83 1.87 1.80 1.48 2.01 1.41 1.52 2.28
Noncontrolling Interest Sharing Ratio		 7.43% 7.79% 7.64% 7.90% 8.34% 7.90% 7.54% 7.31% 7.32% 6.91% 6.95%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,654 2,434 1,376 -37 -1,236 -671 -946 -2,018 -2,780 -1,932 -1,833
Operating Cash Flow to CapEx		 971.54% 1,825.16% 764.36% 1,714.08% 1,263.34% 794.48% 876.48% 1,011.67% 1,716.61% 667.94% 924.01%
Free Cash Flow to Firm to Interest Expense		 34.94 49.70 27.82 -0.77 -27.74 -15.30 -20.77 -38.36 -52.10 -36.60 -35.15
Operating Cash Flow to Interest Expense		 20.26 16.93 5.75 15.34 21.45 18.75 13.85 11.00 16.69 9.36 7.22
Operating Cash Flow Less CapEx to Interest Expense		 18.17 16.00 5.00 14.45 19.75 16.39 12.27 9.91 15.72 7.96 6.43
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.23 0.23 0.25 0.30 0.30 0.30 0.30 0.29 0.30 0.28 0.25
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 17,003 17,841 18,178 18,517 18,292 19,306 20,173 20,825 22,019 21,799 22,135
Invested Capital Turnover		 0.63 0.61 0.67 0.82 0.85 0.84 0.86 0.81 0.85 0.80 0.73
Increase / (Decrease) in Invested Capital		 -1,538 -1,722 -838 752 1,289 1,465 1,995 2,308 3,727 2,494 1,962
Enterprise Value (EV)		 15,170 17,781 17,149 18,144 19,372 19,351 20,870 21,839 21,276 23,486 24,778
Market Capitalization		 14,665 17,721 17,128 18,461 19,532 18,769 20,112 20,488 20,306 22,203 23,875
Book Value per Share		 $865.19 $933.74 $980.91 $1,018.50 $1,010.76 $1,088.78 $1,164.21 $1,173.46 $1,268.59 $1,269.14 $1,296.52
Tangible Book Value per Share		 $533.69 $607.63 $656.56 $696.01 $689.86 $770.03 $843.36 $843.45 $940.49 $942.95 $951.39
Total Capital		 17,003 17,841 18,178 18,517 18,292 19,306 20,173 20,825 22,019 21,799 22,135
Total Debt		 4,131 4,104 3,897 3,814 3,769 3,780 3,855 4,400 4,356 4,330 4,391
Total Long-Term Debt		 4,131 4,104 3,897 3,814 3,769 3,780 3,855 4,400 4,356 4,330 4,391
Net Debt		 -665 -1,118 -1,108 -1,427 -1,276 -552 -421 184 -270 138 -284
Capital Expenditures (CapEx)		 99 45 37 42 76 104 72 57 52 74 41
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 4,131 4,104 3,897 3,814 3,769 3,780 3,855 4,400 4,356 4,330 4,391
Total Depreciation and Amortization (D&A)		 43 44 44 44 48 44 44 44 46 46 47
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.51 $48.84 $37.33 $50.20 $3.15 $56.64 $75.56 $18.66 $66.40 $39.07 $12.11
Adjusted Weighted Average Basic Shares Outstanding		 13.45M 13.41M 13.35M 13.26M 13.22M 13.11M 13.00M 12.95M 12.86M 12.77M 12.68M
Adjusted Diluted Earnings per Share		 $3.50 $48.85 $37.26 $50.09 $3.14 $56.49 $75.43 $18.62 $66.25 $39.02 $12.08
Adjusted Weighted Average Diluted Shares Outstanding		 13.45M 13.41M 13.35M 13.26M 13.22M 13.11M 13.00M 12.95M 12.86M 12.77M 12.68M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 13.45M 13.41M 13.35M 13.26M 13.22M 13.11M 13.00M 12.95M 12.86M 12.77M 12.68M
Normalized Net Operating Profit after Tax (NOPAT)		 581 1,323 1,105 1,278 573 1,465 1,587 845 1,618 1,030 802
Normalized NOPAT Margin		 18.95% 32.54% 30.75% 31.21% 17.21% 31.85% 35.89% 23.16% 35.50% 27.19% 23.95%
Pre Tax Income Margin		 4.34% 22.24% 18.69% 22.17% 2.03% 21.89% 30.35% 10.03% 26.47% 19.10% 4.71%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.81 16.47 13.58 19.23 1.52 22.95 29.46 6.96 22.61 13.70 3.03
NOPAT to Interest Expense		 2.47 14.53 10.88 15.16 1.20 18.10 23.03 5.51 17.75 10.63 2.48
EBIT Less CapEx to Interest Expense		 1.73 15.54 12.83 18.33 -0.18 20.59 27.88 5.87 21.63 12.30 2.24
NOPAT Less CapEx to Interest Expense		 0.38 13.60 10.13 14.27 -0.50 15.74 21.45 4.42 16.77 9.23 1.70
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 61.75% -34.83% 0.00% 1.73% 1.78% 5.95% 0.00% 5.72% 4.06% 5.38% 0.00%
Augmented Payout Ratio		 562.97% -316.18% 60.73% 18.62% 19.24% 27.15% 20.07% 29.43% 22.40% 25.50% 30.20%

Frequently Asked Questions About Markel Group's Financials

When does Markel Group's fiscal year end?

According to the most recent income statement we have on file, Markel Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Markel Group's net income changed over the last 9 years?

Markel Group's net income appears to be on an upward trend, with a most recent value of $2.85 billion in 2024, rising from $589.14 million in 2015. The previous period was $2.10 billion in 2023. See Markel Group's forecast for analyst expectations on what’s next for the company.

How has Markel Group revenue changed over the last 9 years?

Over the last 9 years, Markel Group's total revenue changed from $5.25 billion in 2015 to $16.42 billion in 2024, a change of 212.6%.

How much debt does Markel Group have?

Markel Group's total liabilities were at $44.43 billion at the end of 2024, a 12.4% increase from 2023, and a 160.8% increase since 2015.

How much cash does Markel Group have?

In the past 9 years, Markel Group's cash and equivalents has ranged from $1.74 billion in 2016 to $4.34 billion in 2020, and is currently $3.69 billion as of their latest financial filing in 2024.

How has Markel Group's book value per share changed over the last 9 years?

Over the last 9 years, Markel Group's book value per share changed from 561.58 in 2015 to 1,269.14 in 2024, a change of 126.0%.


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This page (NYSE:MKL) was last updated on 5/6/2025 by MarketBeat.com Staff
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