Discontinued — last reported Q4 '23
Markel Ventures — Income tax (expense) benefit
Markel Markel Ventures — Income tax (expense) benefit decreased by 13.4% to $19.27M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 7.6%, from $17.91M to $19.27M. Over 2 years (FY 2021 to FY 2023), Markel Ventures — Income tax (expense) benefit shows an upward trend with a 39.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Changes reflect fluctuations in pre-tax profitability or shifts in the effective tax rate due to geographic or regulatory changes.
Detailed definition
The provision for income taxes calculated on the earnings of a specific business segment. It accounts for the tax impact...
Peer comparison
Standard accounting line item for segments; peers report as 'Income Tax Expense'.
mkl_segment_markel_ventures_income_tax_expense_benefitHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $10.91M | $10.91M | $10.91M | $8.66M | $22.42M | $12.60M | $17.91M | $13.19M | $30.58M | $22.25M | $19.27M |
| QoQ Change | — | +0.0% | +0.0% | -20.6% | +158.9% | -43.8% | +42.1% | -26.4% | +131.9% | -27.2% | -13.4% |
| YoY Change | — | — | — | — | +105.6% | +15.6% | +64.2% | +52.3% | +36.4% | +76.6% | +7.6% |
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Frequently Asked Questions
- What is Markel's markel ventures — income tax (expense) benefit?
- Markel (MKL) reported markel ventures — income tax (expense) benefit of $19.27M in Q4 2023.
- How has Markel's markel ventures — income tax (expense) benefit changed year-over-year?
- Markel's markel ventures — income tax (expense) benefit increased by 7.6% year-over-year, from $17.91M to $19.27M.
- What is the long-term trend for Markel's markel ventures — income tax (expense) benefit?
- Over 2 years (2021 to 2023), Markel's markel ventures — income tax (expense) benefit has grown at a 39.8% compound annual growth rate (CAGR), from $43.63M to $85.30M.
- What does markel ventures — income tax (expense) benefit mean?
- The tax cost or benefit associated with the segment's earnings.