Free Trial
→ Your book attached (From Profits Run) (Ad)tc pixel Free MKL Stock Alerts

Markel Group (MKL) Financials

Markel Group logo
$1,798.24 +12.66 (+0.71%)
Closing price 05/7/2026 03:59 PM Eastern
Extended Trading
$1,798.18 -0.06 (0.00%)
As of 04:00 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 583 456 395 -128 1,790 798 2,387 -252 1,960 2,711 2,081
Consolidated Net Income / (Loss)		 589 460 401 -130 1,799 832 2,446 -103 2,101 2,847 2,152
Net Income / (Loss) Continuing Operations		 589 460 401 -130 1,799 832 2,446 -103 2,101 2,847 2,152
Total Pre-Tax Income 		742 630 87 -7.86 2,286 1,000 3,130 -152 2,654 3,638 2,733
Total Revenue		 5,252 5,438 5,929 6,687 9,355 9,557 12,663 11,479 14,094 14,609 15,307
Net Interest Income / (Expense)		 -118 -130 -132 -154 -172 -178 -184 -196 -185 -204 -206
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 118 130 132 154 172 178 184 196 185 204 206
Long-Term Debt Interest Expense		 118 130 132 154 172 178 184 196 185 204 206
Total Non-Interest Income		 5,370 5,568 6,062 6,841 9,526 9,735 12,846 11,675 14,280 14,814 15,513
Other Service Charges		 1,087 422 462 635 813 1,690 2,285 2,809 2,705 2,825 3,249
Net Realized & Unrealized Capital Gains on Investments		 460 394 400 -3.38 2,054 994 2,346 -1,149 735 920 970
Premiums Earned		 3,824 3,866 4,248 4,712 5,050 5,612 6,503 7,588 8,295 8,432 8,716
Other Non-Interest Income		 - 885 951 1,498 1,610 1,440 1,712 2,427 2,545 2,636 2,579
Total Non-Interest Expense		 4,510 4,808 5,842 6,695 7,069 8,557 9,533 11,631 11,441 10,972 12,575
Property & Liability Insurance Claims		 1,939 2,051 2,866 2,821 2,891 3,467 3,581 4,446 5,322 5,053 5,080
Other Operating Expenses		 1,047 1,172 1,309 1,888 2,131 2,817 3,569 4,549 4,531 4,697 4,996
Amortization Expense		 69 69 81 116 149 159 161 179 181 181 185
Restructuring Charge		 1,455 1,497 1,589 1,778 1,878 - 2,294 2,516 2,841 2,977 3,133
Other Special Charges		 - 1.25 -3.14 -107 20 96 -72 -138 -1,434 -1,937 -820
Income Tax Expense		 153 169 -313 122 486 169 684 -48 553 790 580
Preferred Stock Dividends Declared		 - - - 0.00 0.00 18 36 36 36 36 26
Net Income / (Loss) Attributable to Noncontrolling Interest		 6.37 4.75 5.49 -2.17 9.00 16 23 113 105 100 45
Basic Earnings per Share		 $41.99 $31.41 $25.89 ($9.55) $129.25 $55.67 $176.79 ($23.72) $147.32 $199.69 $169.74
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 12.58M
Diluted Earnings per Share		 $41.74 $31.27 $25.81 ($9.55) $129.07 $55.63 $176.38 ($23.72) $146.98 $199.32 $169.22
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 12.58M
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 12.58M

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 43 751 1,025 250 905 531 122 631 751 577 -212
Consolidated Net Income / (Loss)		 53 794 1,049 290 947 561 129 677 764 582 -204
Net Income / (Loss) Continuing Operations		 53 794 1,049 290 947 561 129 677 764 582 -204
Total Pre-Tax Income 		68 1,007 1,342 366 1,206 724 158 862 978 734 -270
Total Revenue		 3,331 4,599 4,421 3,649 3,640 3,788 3,496 4,550 3,884 3,527 3,500
Net Interest Income / (Expense)		 -45 -44 -46 -53 -53 -53 -52 -53 -51 -50 -51
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 45 44 46 53 53 53 52 53 51 50 51
Long-Term Debt Interest Expense		 45 44 46 53 53 53 52 53 51 50 51
Total Non-Interest Income		 3,375 4,643 4,467 3,702 3,694 3,841 3,548 4,603 3,935 3,577 3,551
Other Service Charges		 726 741 618 684 736 787 661 804 876 908 673
Net Realized & Unrealized Capital Gains on Investments		 -74 1,146 1,121 93 235 361 237 810 246 -174 256
Premiums Earned		 2,122 2,175 2,128 2,077 2,110 2,118 2,089 2,142 2,206 2,279 2,049
Other Non-Interest Income		 602 581 601 847 612 575 561 847 607 563 572
Total Non-Interest Expense		 3,263 3,592 3,079 3,283 2,434 3,065 3,338 3,687 2,905 2,793 3,770
Property & Liability Insurance Claims		 1,404 1,557 1,288 1,233 1,291 1,242 1,255 1,288 1,254 1,283 1,167
Other Operating Expenses		 1,152 1,140 1,060 1,305 1,159 1,172 1,068 1,382 1,277 1,270 1,146
Amortization Expense		 48 44 44 44 46 46 47 51 44 43 44
Restructuring Charge		 698 769 - - 744 785 - 774 783 829 740
Other Special Charges		 -39 81 -52 -8.71 -806 -181 222 192 -452 -632 673
Income Tax Expense		 14 213 293 76 259 162 28 185 215 152 -66
Net Income / (Loss) Attributable to Noncontrolling Interest		 11 25 24 22 42 12 7.63 20 12 5.27 7.93
Basic Earnings per Share		 $3.15 $56.64 $75.56 $18.66 $66.40 $39.07 $12.11 $49.80 $59.44 $48.39 ($18.90)
Weighted Average Basic Shares Outstanding		 13.22M 13.11M 13.00M 12.95M 12.86M 12.77M 12.68M 12.65M 12.61M 12.58M 12.51M
Diluted Earnings per Share		 $3.14 $56.49 $75.43 $18.62 $66.25 $39.02 $12.08 $49.67 $59.25 $48.22 ($18.90)
Weighted Average Diluted Shares Outstanding		 13.22M 13.11M 13.00M 12.95M 12.86M 12.77M 12.68M 12.65M 12.61M 12.58M 12.51M
Weighted Average Basic & Diluted Shares Outstanding		 13.22M 13.11M 13.00M 12.95M 12.86M 12.77M 12.68M 12.65M 12.61M 12.58M 12.51M

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 588 -985 416 -104 1,104 1,716 -336 341 -889 -140 411
Net Cash From Operating Activities		 651 535 859 893 1,274 1,738 2,274 2,709 2,787 2,594 2,761
Net Cash From Continuing Operating Activities		 651 535 859 893 1,274 1,738 2,274 2,709 2,787 2,594 2,761
Net Income / (Loss) Continuing Operations		 589 460 401 -130 1,799 832 2,446 -103 2,101 2,847 2,152
Consolidated Net Income / (Loss)		 589 460 401 -130 1,799 832 2,446 -103 2,101 2,847 2,152
Depreciation Expense		 201 194 204 228 269 307 336 309 320 342 348
Amortization Expense		 - - - - - - - 58 -60 -124 -104
Non-Cash Adjustments to Reconcile Net Income		 -106 -1.07 2.16 530 -1,599 -522 -2,073 1,312 -1,434 -1,937 -820
Changes in Operating Assets and Liabilities, net		 -32 -119 252 265 805 1,121 1,564 1,134 1,860 1,464 1,185
Net Cash From Investing Activities		 63 -1,638 -744 -797 -535 -512 -2,938 -1,670 -2,704 -2,399 -1,190
Net Cash From Continuing Investing Activities		 63 -1,638 -744 -797 -535 -658 -2,938 -1,670 -2,704 -2,399 -1,190
Purchase of Property, Leasehold Improvements and Equipment		 -80 -64 -75 -107 -123 -101 -145 -255 -259 -255 -207
Purchase of Investment Securities		 -1,923 -2,904 -2,621 -1,555 -1,538 -2,779 -3,742 -3,472 -4,870 -4,574 -3,667
Sale and/or Maturity of Investments		 2,066 1,329 1,374 2,073 1,126 2,222 909 1,394 2,425 2,430 2,684
Net Cash From Financing Activities		 -74 152 256 -179 359 435 370 -595 -1,000 -298 -1,210
Net Cash From Continuing Financing Activities		 -74 152 256 -179 359 435 370 -595 -1,000 -298 -1,210
Issuance of Debt		 70 559 665 207 1,645 223 1,199 1,034 625 1,434 883
Repayment of Debt		 -88 -322 -260 -332 -1,131 -276 -487 -1,255 -950 -897 -912
Repurchase of Preferred Equity		 - - - - - - - - 0.00 0.00 -600
Repurchase of Common Equity		 -31 -51 -111 -54 -116 -27 -207 -291 -445 -573 -430
Payment of Dividends		 -6.29 -5.95 -7.90 0.00 0.00 -18 -36 -36 -125 -153 -38
Other Financing Activities, Net		 -23 -28 -30 - -39 -59 -99 -48 -105 -109 -113
Effect of Exchange Rate Changes		 -53 -33 45 -21 5.64 56 -42 -103 27 -37 50

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -196 -713 -55 -61 411 -434 483 -380 322 -14 -422
Net Cash From Operating Activities		 956 823 631 579 891 494 376 504 1,218 662 16
Net Cash From Continuing Operating Activities		 956 823 631 579 891 494 376 504 1,218 662 16
Net Income / (Loss) Continuing Operations		 53 794 1,049 290 947 561 129 677 764 582 -204
Consolidated Net Income / (Loss)		 53 794 1,049 290 947 561 129 677 764 582 -204
Non-Cash Adjustments to Reconcile Net Income		 902 -2,110 -419 289 -56 -1,751 247 -173 455 -1,349 220
Net Cash From Investing Activities		 -969 -1,361 -564 -994 -326 -514 193 -109 -719 -554 -348
Net Cash From Continuing Investing Activities		 -969 -1,361 -564 -994 -326 -514 193 -109 -719 -554 -348
Purchase of Property, Leasehold Improvements and Equipment		 -76 -104 -72 -57 -52 -74 -41 -51 -52 -63 -47
Purchase of Investment Securities		 -1,301 -2,143 -1,079 -1,452 -913 -946 -299 -143 -1,508 -1,185 -901
Sale and/or Maturity of Investments		 407 886 587 515 638 506 532 84 841 694 600
Net Cash From Financing Activities		 -169 -200 -103 358 -189 -364 -106 -822 -171 -111 -80
Net Cash From Continuing Financing Activities		 -169 -200 -103 358 -189 -364 -106 -822 -171 -111 -80
Issuance of Debt		 120 149 272 829 177 156 263 277 171 171 295
Repayment of Debt		 -166 -138 -209 -284 -223 -180 -203 -307 -252 -151 -217
Repurchase of Common Equity		 -82 -176 -161 -99 -129 -184 -170 -99 -74 -86 -134
Other Financing Activities, Net		 -41 71 -4.89 -69 -15 -20 3.83 -75 -16 -26 -24
Effect of Exchange Rate Changes		 -13 26 -19 -3.17 35 -50 19 47 -6.53 -10 -10

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 2025
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 12/31/2025
Total Assets		 24,939 25,875 32,805 33,306 37,474 41,710 48,477 49,791 55,046 61,898 68,905
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 3,965
Restricted Cash		 440 346 302 382 428 875 902 1,084 585 500 639
Trading Account Securities		 13,469 14,637 15,909 15,764 17,562 17,676 21,611 19,529 23,951 27,530 30,802
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 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 21,655
Deferred Acquisition Cost		 353 392 466 475 566 631 794 925 931 876 910
Goodwill		 1,168 1,142 1,777 2,238 2,309 2,605 2,899 2,639 2,625 2,736 2,822
Intangible Assets		 792 723 1,356 1,726 1,738 1,783 1,822 1,747 1,589 1,460 1,543
Other Assets		 4,651 5,313 3,384 2,462 3,102 4,428 4,963 6,255 6,562 6,926 6,570
Total Liabilities & Shareholders' Equity		 24,939 25,875 32,805 33,306 37,474 41,710 48,477 49,791 55,046 61,898 68,905
Total Liabilities		 17,036 17,334 23,137 24,032 26,218 28,650 33,276 36,054 39,520 44,429 49,803
Long-Term Debt		 2,239 2,575 3,099 3,010 3,534 3,484 4,361 4,104 3,780 4,330 4,304
Claims and Claim Expense		 10,252 10,116 13,584 14,276 14,729 16,222 18,179 20,948 23,483 26,633 30,857
Unearned Premiums Liability		 2,166 2,264 3,309 3,611 4,058 4,433 5,384 6,221 6,642 7,064 7,253
Other Long-Term Liabilities		 1,255 1,331 2,073 2,133 2,912 3,440 4,449 4,131 4,965 6,402 7,389
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 63 74 166 174 178 246 461 523 470 540 506
Total Equity & Noncontrolling Interests		 7,841 8,467 9,502 9,100 11,078 12,815 14,740 13,214 15,056 16,929 18,596
Total Preferred & Common Equity		 7,834 8,461 9,504 9,081 11,071 12,800 14,717 13,151 14,984 16,916 18,598
Total Common Equity		 7,834 8,461 9,504 9,081 11,071 12,208 14,125 12,559 14,392 16,324 18,598
Common Stock		 3,342 3,369 3,382 3,393 3,405 3,428 3,441 3,494 3,517 3,561 3,672
Retained Earnings		 3,137 3,526 3,777 5,782 7,457 8,195 10,447 9,833 11,353 13,380 15,035
Accumulated Other Comprehensive Income / (Loss)		 1,355 1,566 2,346 -95 209 584 238 -767 -478 -617 -109
Noncontrolling Interest		 6.46 6.48 -2.57 20 7.55 15 23 63 72 13 -1.63

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 Q2 2025 Q3 2025 Q1 2026
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 6/30/2025 9/30/2025 3/31/2026
Total Assets		 48,421 50,942 52,184 52,749 57,286 59,710 62,283 64,599 66,791 67,392 68,602
Cash and Due from Banks		 3,541 4,032 4,306 4,355 3,627 3,511 3,873 4,194 3,720 4,049 3,680
Restricted Cash		 1,255 973 935 690 650 705 753 481 575 568 501
Trading Account Securities		 18,677 20,517 21,435 21,526 25,090 25,570 27,659 27,975 29,103 30,048 30,246
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 0.00
Unearned Premiums Asset		 13,501 13,940 14,477 14,800 15,968 17,657 18,069 20,234 21,905 20,963 22,277
Deferred Acquisition Cost		 946 994 1,013 986 962 1,001 968 961 975 984 857
Goodwill		 2,797 2,643 2,627 2,623 2,626 2,738 2,740 2,772 2,827 2,821 2,836
Intangible Assets		 1,686 1,706 1,678 1,633 1,546 1,553 1,508 1,635 1,617 1,567 1,499
Other Assets		 6,018 6,138 5,714 6,135 6,818 6,973 6,714 6,347 6,069 6,392 6,705
Total Liabilities & Shareholders' Equity		 48,421 50,942 52,184 52,749 57,286 59,710 62,283 64,599 66,791 67,392 68,602
Total Liabilities		 35,550 36,661 37,481 38,226 40,969 43,285 44,620 46,855 48,923 48,796 49,952
Long-Term Debt		 4,131 3,897 3,814 3,769 3,855 4,400 4,356 4,391 4,364 4,285 4,383
Claims and Claim Expense		 20,194 21,307 21,375 22,144 24,145 24,647 25,877 27,888 28,515 29,138 31,371
Unearned Premiums Liability		 6,515 6,570 7,072 7,197 7,154 8,244 7,887 7,692 9,073 8,234 7,235
Other Long-Term Liabilities		 3,976 4,218 4,576 4,515 5,197 5,399 5,876 6,296 6,358 6,541 6,964
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 513 492 464 467 500 477 515 580 531 536 520
Total Equity & Noncontrolling Interests		 12,359 13,789 14,239 14,055 15,818 15,949 17,147 17,165 17,337 18,059 18,130
Total Preferred & Common Equity		 12,294 13,744 14,185 13,999 15,730 15,850 17,014 17,149 17,318 18,041 18,132
Total Common Equity		 11,702 13,153 13,594 13,407 15,138 15,258 16,422 16,557 17,318 18,041 18,132
Common Stock		 3,483 3,507 3,515 3,520 3,548 3,547 3,553 3,583 3,659 3,667 3,707
Retained Earnings		 9,256 10,255 10,819 10,779 12,185 12,330 13,063 13,365 13,840 14,513 14,662
Accumulated Other Comprehensive Income / (Loss)		 -1,036 -610 -741 -891 -595 -618 -194 -391 -181 -139 -238
Noncontrolling Interest		 65 45 54 56 88 99 133 16 19 19 -1.63

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
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 $169.74
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 12.58M
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 $169.22
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 12.58M
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		 13.96M 13.96M 13.90M 13.87M 13.78M 13.78M 13.61M 13.41M 13.11M 12.77M 12.58M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 12,575,726.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 12,575,726.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -16.25
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 8.63% 13.15% 23.02% -10.89% 36.85% -17.62% -24.30% 24.67% 6.69% - 0.11%
EBITDA Growth		 -48.63% 23.60% 93.60% -56.91% 988.95% -26.74% -85.23% 122.64% -18.38% - -210.62%
EBIT Growth		 -62.62% 24.83% 99.80% -59.68% 1,687.11% -28.14% -88.24% 135.56% -18.89% - -271.12%
NOPAT Growth		 -54.38% 11.60% 95.09% -59.51% 1,677.69% -29.30% -87.67% 133.63% -19.34% - -246.09%
Net Income Growth		 -54.38% 11.60% 95.09% -59.51% 1,677.69% -29.30% -87.67% 133.63% -19.34% - -257.99%
EPS Growth		 1.95% 15.64% 102.44% -62.83% 2,009.87% -30.93% -83.99% 166.76% -10.57% - -256.46%
Operating Cash Flow Growth		 -0.38% -0.80% 121.92% -20.13% -6.79% -39.95% -40.35% -12.83% 36.79% - -95.77%
Free Cash Flow Firm Growth		 -174.70% -127.57% -168.76% -5,418.31% -124.98% -187.99% -93.76% 63.81% 96.49% - 40.70%
Invested Capital Growth		 7.58% 8.21% 10.98% 12.46% 20.38% 12.92% 9.73% 6.76% 3.91% - 4.06%
Revenue Q/Q Growth		 -18.67% 38.07% -2.92% -17.46% 24.90% -16.89% -11.65% 35.93% -14.63% - -0.77%
EBITDA Q/Q Growth		 -87.92% 813.58% 37.71% -70.40% 205.32% -38.54% -73.42% 346.31% 11.92% - -129.14%
EBIT Q/Q Growth		 -92.56% 1,391.50% 39.44% -72.71% 229.52% -40.02% -78.20% 446.66% 13.46% - -136.77%
NOPAT Q/Q Growth		 -92.56% 1,390.75% 32.12% -72.37% 226.70% -40.71% -76.96% 423.54% 12.79% - -132.46%
Net Income Q/Q Growth		 -92.56% 1,390.75% 32.12% -72.37% 226.70% -40.71% -76.96% 423.54% 12.79% - -135.11%
EPS Q/Q Growth		 -93.73% 1,699.04% 33.53% -75.31% 255.80% -41.10% -69.04% 311.18% 19.29% - -139.20%
Operating Cash Flow Q/Q Growth		 31.92% -13.93% -23.33% -8.25% 53.95% -44.55% -23.84% 34.08% 141.57% - -97.60%
Free Cash Flow Firm Q/Q Growth		 -3,279.60% 45.70% -40.98% -113.32% -37.79% 30.50% 5.15% 60.16% 86.65% - -6.07%
Invested Capital Q/Q Growth		 -1.22% 5.54% 4.49% 3.23% 5.73% -1.00% 1.54% 0.44% 2.91% - -1.59%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 3.45% 22.86% 31.35% 11.24% 27.49% 20.33% 6.12% 20.08% 26.33% - -6.47%
EBIT Margin		 2.03% 21.89% 30.35% 10.03% 26.47% 19.10% 4.71% 18.95% 25.19% - -7.71%
Profit (Net Income) Margin		 1.60% 17.27% 23.73% 7.94% 20.78% 14.82% 3.86% 14.88% 19.67% - -5.84%
Tax Burden Percent		 78.91% 78.87% 78.20% 79.17% 78.50% 77.60% 81.99% 78.53% 78.06% - 75.70%
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		 21.09% 21.13% 21.80% 20.83% 21.50% 22.40% 18.01% 21.47% 21.94% - 0.00%
Return on Invested Capital (ROIC)		 1.37% 14.52% 20.35% 6.46% 17.76% 11.84% 2.80% 11.23% 14.44% - -3.66%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.37% 14.52% 20.35% 6.46% 17.76% 11.84% 2.80% 11.23% 14.44% - -4.01%
Return on Net Nonoperating Assets (RNNOA)		 0.39% 3.91% 5.16% 1.70% 4.48% 2.91% 0.68% 2.87% 3.44% - -0.97%
Return on Equity (ROE)		 1.76% 18.43% 25.51% 8.16% 22.24% 14.75% 3.48% 14.10% 17.88% - -4.63%
Cash Return on Invested Capital (CROIC)		 4.13% 3.42% 3.22% -0.62% -3.21% 1.72% -0.16% 4.22% 5.66% - 4.08%
Operating Return on Assets (OROA)		 0.60% 6.52% 9.22% 2.87% 7.93% 5.36% 1.19% 4.87% 6.41% - -1.77%
Return on Assets (ROA)		 0.48% 5.15% 7.21% 2.27% 6.22% 4.16% 0.97% 3.82% 5.00% - -1.34%
Return on Common Equity (ROCE)		 1.61% 16.98% 23.59% 7.57% 20.61% 13.73% 3.24% 13.39% 17.00% - -4.41%
Return on Equity Simple (ROE_SIMPLE)		 14.42% 0.00% 16.61% 13.79% 18.10% 0.00% 11.24% 13.37% 11.82% - 10.03%
Net Operating Profit after Tax (NOPAT)		 53 794 1,049 290 947 561 129 677 764 - -189
NOPAT Margin		 1.60% 17.27% 23.73% 7.94% 20.78% 14.82% 3.86% 14.88% 19.67% - -5.40%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.35%
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		 97.97% 78.11% 69.65% 89.97% 73.53% 80.90% 95.29% 81.05% 74.81% - 107.71%
Earnings before Interest and Taxes (EBIT)		 68 1,007 1,342 366 1,206 724 158 862 978 - -270
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 115 1,051 1,386 410 1,253 770 205 914 1,023 - -226
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.46 1.30 1.33 1.34 1.24 1.36 1.44 1.46 1.34 - 1.33
Price to Tangible Book Value (P/TBV)		 2.13 1.84 1.83 1.87 1.67 1.83 1.97 1.97 1.77 - 1.74
Price to Revenue (P/Rev)		 1.29 1.20 1.22 1.28 1.18 1.35 1.56 1.56 1.47 - 1.57
Price to Earnings (P/E)		 10.38 9.58 8.06 9.90 6.93 8.19 13.21 11.57 11.88 - 13.78
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield		 9.64% 10.44% 12.41% 10.10% 14.44% 12.21% 7.57% 8.64% 8.42% - 7.26%
Enterprise Value to Invested Capital (EV/IC)		 1.06 1.00 1.03 1.05 0.97 1.08 1.12 1.17 1.07 - 1.08
Enterprise Value to Revenue (EV/Rev)		 1.28 1.24 1.27 1.36 1.24 1.43 1.62 1.60 1.48 - 1.62
Enterprise Value to EBITDA (EV/EBITDA)		 7.36 6.64 5.96 7.37 5.19 6.09 9.39 8.26 8.38 - 9.97
Enterprise Value to EBIT (EV/EBIT)		 7.90 7.29 6.28 7.85 5.43 6.46 10.10 8.80 8.97 - 10.76
Enterprise Value to NOPAT (EV/NOPAT)		 9.60 9.21 7.99 9.99 6.91 8.25 12.85 11.21 11.45 - 13.63
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.93 6.94 6.66 7.31 7.28 9.05 10.59 11.46 9.41 - 10.33
Enterprise Value to Free Cash Flow (EV/FCFF)		 26.55 30.42 33.80 0.00 0.00 66.39 0.00 28.60 19.21 - 26.92
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.26 0.24 0.24 0.27 0.25 0.25 0.25 0.24 0.23 - 0.24
Long-Term Debt to Equity		 0.26 0.24 0.24 0.27 0.25 0.25 0.25 0.24 0.23 - 0.24
Financial Leverage		 0.29 0.27 0.25 0.26 0.25 0.25 0.24 0.26 0.24 - 0.24
Leverage Ratio		 3.69 3.58 3.54 3.59 3.57 3.54 3.58 3.69 3.58 - 3.66
Compound Leverage Factor		 3.69 3.58 3.54 3.59 3.57 3.54 3.58 3.69 3.58 - 3.66
Debt to Total Capital		 20.61% 19.58% 19.11% 21.13% 19.78% 19.86% 19.84% 19.63% 18.73% - 19.03%
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		 20.61% 19.58% 19.11% 21.13% 19.78% 19.86% 19.84% 19.63% 18.73% - 19.03%
Preferred Equity to Total Capital		 3.24% 3.07% 2.93% 2.84% 2.69% 2.72% 2.67% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 2.86% 2.81% 2.91% 2.76% 2.95% 2.54% 2.69% 2.47% 2.42% - 2.25%
Common Equity to Total Capital		 73.30% 74.55% 75.04% 73.27% 74.58% 74.88% 74.80% 77.90% 78.85% - 78.72%
Debt to EBITDA		 1.43 1.30 1.10 1.49 1.06 1.12 1.66 1.39 1.47 - 1.76
Net Debt to EBITDA		 -0.48 -0.19 -0.12 0.06 -0.07 0.04 -0.11 0.02 -0.11 - 0.08
Long-Term Debt to EBITDA		 1.43 1.30 1.10 1.49 1.06 1.12 1.66 1.39 1.47 - 1.76
Debt to NOPAT		 1.87 1.80 1.48 2.01 1.41 1.52 2.28 1.89 2.01 - 2.41
Net Debt to NOPAT		 -0.63 -0.26 -0.16 0.08 -0.09 0.05 -0.15 0.03 -0.16 - 0.11
Long-Term Debt to NOPAT		 1.87 1.80 1.48 2.01 1.41 1.52 2.28 1.89 2.01 - 2.41
Noncontrolling Interest Sharing Ratio		 8.34% 7.90% 7.54% 7.31% 7.32% 6.91% 6.95% 5.01% 4.95% - 4.69%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,236 -671 -946 -2,018 -2,780 -1,932 -1,833 -730 -97 - -1,087
Operating Cash Flow to CapEx		 1,263.34% 794.48% 876.48% 1,011.67% 1,716.61% 667.94% 924.01% 996.04% 2,324.40% - 33.67%
Free Cash Flow to Firm to Interest Expense		 -27.74 -15.30 -20.77 -38.36 -52.10 -36.60 -35.15 -13.76 -1.92 - -21.36
Operating Cash Flow to Interest Expense		 21.45 18.75 13.85 11.00 16.69 9.36 7.22 9.50 24.04 - 0.31
Operating Cash Flow Less CapEx to Interest Expense		 19.75 16.39 12.27 9.91 15.72 7.96 6.43 8.55 23.01 - -0.62
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.30 0.30 0.30 0.29 0.30 0.28 0.25 0.26 0.25 - 0.23
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		 18,292 19,306 20,173 20,825 22,019 21,799 22,135 22,232 22,880 - 23,033
Invested Capital Turnover		 0.85 0.84 0.86 0.81 0.85 0.80 0.73 0.75 0.73 - 0.68
Increase / (Decrease) in Invested Capital		 1,289 1,465 1,995 2,308 3,727 2,494 1,962 1,407 861 - 898
Enterprise Value (EV)		 19,372 19,351 20,870 21,839 21,276 23,486 24,778 25,955 24,405 - 24,791
Market Capitalization		 19,532 18,769 20,112 20,488 20,306 22,203 23,875 25,336 24,183 - 24,071
Book Value per Share		 $1,010.76 $1,088.78 $1,164.21 $1,173.46 $1,268.59 $1,269.14 $1,296.52 $1,365.28 $1,425.92 - $1,441.82
Tangible Book Value per Share		 $689.86 $770.03 $843.36 $843.45 $940.49 $942.95 $951.39 $1,014.96 $1,079.12 - $1,097.11
Total Capital		 18,292 19,306 20,173 20,825 22,019 21,799 22,135 22,232 22,880 - 23,033
Total Debt		 3,769 3,780 3,855 4,400 4,356 4,330 4,391 4,364 4,285 - 4,383
Total Long-Term Debt		 3,769 3,780 3,855 4,400 4,356 4,330 4,391 4,364 4,285 - 4,383
Net Debt		 -1,276 -552 -421 184 -270 138 -284 69 -332 - 202
Capital Expenditures (CapEx)		 76 104 72 57 52 74 41 51 52 - 47
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 15
Net Nonoperating Obligations (NNO)		 3,769 3,780 3,855 4,400 4,356 4,330 4,391 4,364 4,285 - 4,383
Total Depreciation and Amortization (D&A)		 48 44 44 44 46 46 47 51 44 - 44
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.15 $56.64 $75.56 $18.66 $66.40 $39.07 $12.11 $49.80 $59.44 $48.39 ($18.90)
Adjusted Weighted Average Basic Shares Outstanding		 13.22M 13.11M 13.00M 12.95M 12.86M 12.77M 12.68M 12.65M 12.61M 12.58M 12.51M
Adjusted Diluted Earnings per Share		 $3.14 $56.49 $75.43 $18.62 $66.25 $39.02 $12.08 $49.67 $59.25 $48.22 ($18.90)
Adjusted Weighted Average Diluted Shares Outstanding		 13.22M 13.11M 13.00M 12.95M 12.86M 12.77M 12.68M 12.65M 12.61M 12.58M 12.51M
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		 13.22M 13.11M 13.00M 12.95M 12.86M 12.77M 12.68M 12.65M 12.61M 12.58M 12.51M
Normalized Net Operating Profit after Tax (NOPAT)		 573 1,465 1,587 845 1,618 1,030 802 1,436 1,022 - 800
Normalized NOPAT Margin		 17.21% 31.85% 35.89% 23.16% 35.50% 27.19% 23.95% 31.56% 26.31% - 22.87%
Pre Tax Income Margin		 2.03% 21.89% 30.35% 10.03% 26.47% 19.10% 4.71% 18.95% 25.19% - -7.71%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.52 22.95 29.46 6.96 22.61 13.70 3.03 16.25 19.31 - -5.30
NOPAT to Interest Expense		 1.20 18.10 23.03 5.51 17.75 10.63 2.48 12.76 15.07 - -3.71
EBIT Less CapEx to Interest Expense		 -0.18 20.59 27.88 5.87 21.63 12.30 2.24 15.29 18.27 - -6.23
NOPAT Less CapEx to Interest Expense		 -0.50 15.74 21.45 4.42 16.77 9.23 1.70 11.80 14.04 - -4.64
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 1.78% 5.95% 0.00% 5.72% 4.06% 5.38% 0.00% 6.62% 7.19% - 0.00%
Augmented Payout Ratio		 19.24% 27.15% 20.07% 29.43% 22.40% 25.50% 30.20% 31.77% 31.94% - 21.62%

Financials Breakdown Chart

Key Financial Trends

Here are the notable four-year trends for Markel Group (MKL) based on quarterly statements. Items are grouped with positive trends first, then neutral, and finally negative items.

  • Premiums earned remained a robust and steady revenue driver in 2025: Q1 2025 $2,089,374,000; Q2 2025 $2,071,099,000; Q3 2025 $2,205,773,000; Q4 2025 $2,278,829,000.
  • Strong quarterly profitability in Q3 2025, with net income attributable to common shareholders about $751,336,000 and diluted EPS $59.25, supported by Consolidated Net Income of $763,787,000 (Q3 2025).
  • Operating cash flow improved meaningfully in Q3 2025 to $1.218B, and remained positive in Q4 2025 at $662,193,000, signaling stronger core cash generation.
  • Ongoing share repurchases in 2025 indicate capital return to shareholders (examples: Q1 2025 -$105,795,000; Q2 2025 -$99,351,000; Q3 2025 -$74,393,000; Q4 2025 -$85,505,000).
  • Debt issuance provided liquidity across 2025 (Q1 2025 $263,456,000; Q2 2025 $277,365,000; Q3 2025 $171,254,000; Q4 2025 $170,754,000).
  • Investment gains/losses show volatility in non-operating income: Net Realized & Unrealized Capital Gains on Investments ranged from +$245,675,000 in Q3 2025 to -$173,504,000 in Q4 2025 (with +$88,024,000 in Q1 2025 and +$93,044,000 in Q2 2025).
  • Balance sheet composition remains large but stable, with Total Liabilities around the high $40s billions and Total Equity near $18B by mid-2025; long-term debt sits in the $4.3B range.
  • Investing cash flows were consistently negative in 2025, reflecting ongoing capital expenditures and securities activities (examples: Q4 2025 net cash from continuing investing activities -$554,008,000; Q3 2025 -$719,303,000; Q2 2025 -$109,409,000; Q1 2025 -$564,167,000).
  • Total revenue declined across 2025 after a mid-year peak, slipping from about $4.55B (Q2 2025) to about $3.53B (Q4 2025), indicating near-term topline pressure.
  • Restructuring charges and other one-time items contributed to earnings volatility in several quarters (Q3 2025 restructuring $782,501,000; Q4 2025 restructuring $829,013,000).
05/08/26 06:24 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Markel Group's Financials

When does Markel Group's financial year end?

According to the most recent income statement we have on file, Markel Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Markel Group's net income changed over the last 10 years?

Markel Group's net income appears to be on an upward trend, with a most recent value of $2.15 billion in 2025, rising from $589.14 million in 2015. The previous period was $2.85 billion in 2024. Check out Markel Group's forecast to explore projected trends and price targets.

How has Markel Group's revenue changed over the last 10 years?

Over the last 10 years, Markel Group's total revenue changed from $5.25 billion in 2015 to $15.31 billion in 2025, a change of 191.5%.

How much debt does Markel Group have?

Markel Group's total liabilities were at $49.80 billion at the end of 2025, a 12.1% increase from 2024, and a 192.3% increase since 2015.

How much cash does Markel Group have?

In the past 10 years, Markel Group's cash and equivalents has ranged from $1.74 billion in 2016 to $4.34 billion in 2020, and is currently $3.96 billion as of their latest financial filing in 2025.


Related Companies

Financial statements for NYSE:MKL last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Massive Data Leak Exposes 512,000-Line Code That Could Change Society Forever
"You won't believe what I discovered at 4 World Trade Center" When our financial media correspondent travel...
Chaikin Analytics | Sponsoredtc pixel
Your book attached
Your Download Link (Expiring) If you still haven't downloaded the free Simple Options Trading For Beginners...
Profits Run | Sponsoredtc pixel
Iran's New Leader Just Said Something That Should Terrify Every American
Iran's Supreme Leader has declared the Strait of Hormuz closed as leverage against the U.S. - and with 40% of ...
American Alternative | Sponsoredtc pixel
I’m sounding the alarm
Almost 80,000 tech jobs vanished in the first three months of 2026. Meta cut 14,000 roles, Microsoft offered s...
Porter & Company | Sponsoredtc pixel
One executive order. The biggest wealth transfer of your lifetime.
On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no deb...
Reagan Gold Group | Sponsoredtc pixel
SpaceX eyes a 1.75 trillion valuation - here's what to know
Elon Musk's team has quietly filed confidential paperwork with the SEC for what Bloomberg estimates could be a...
Brownstone Research | Sponsoredtc pixel
Before you buy SpaceX shares, consider this alternative approach
SpaceX has confidentially filed for an IPO with the SEC, targeting a June 2026 listing at a valuation exceedin...
Weiss Ratings | Sponsoredtc pixel
The AI stocks about to become worthless (and one that isn't)
Louis Navellier - who manages $1.1 billion including $358 million in AI stocks - says a new AI computer being ...
InvestorPlace | Sponsoredtc pixel