Deferred Taxes
Markel Deferred Taxes remained flat by 0.0% to -$37.80M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 61.7%, from -$98.64M to -$37.80M. Over 4 years (FY 2021 to FY 2025), Deferred Taxes shows an upward trend with a -24.0% CAGR.
Analysis
How to read this metric
Positive values indicate tax benefits that improve cash flow, while negative values indicate cash tax outflows exceeding accounting expense.
Detailed definition
This reflects the difference between income tax expense recognized in the financial statements and the actual tax payabl...
Peer comparison
Common across all industries; highly dependent on specific tax jurisdictions and capital expenditure cycles.
deferred_income_taxesHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | -$453.41M | $282.33M | -$233.80M | -$394.56M | -$151.22M |
| YoY Change | — | +162.3% | -182.8% | -68.8% | +61.7% |
Business Segments
| Segment | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|
| Markel Ventures | $8.66M | $22.42M | $12.60M | $17.91M | $13.19M | $30.58M | $22.25M | $19.27M |
| Total | $70.58M | $70.58M | $70.58M | $70.58M | -$58.45M | -$58.45M | -$58.45M | -$58.45M |
Markel Ventures was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Deferred Taxes at Other Companies
Frequently Asked Questions
- What is Markel's deferred taxes?
- Markel (MKL) reported deferred taxes of -$37.80M in Q4 2025.
- How has Markel's deferred taxes changed year-over-year?
- Markel's deferred taxes increased by 61.7% year-over-year, from -$98.64M to -$37.80M.
- What is the long-term trend for Markel's deferred taxes?
- Over 4 years (2021 to 2025), Markel's deferred taxes has grown at a -24.0% compound annual growth rate (CAGR), from -$453.41M to -$151.22M.
- What does deferred taxes mean?
- The difference between tax reported on the income statement and actual cash taxes paid.