Operating Income
Markel Operating Income decreased by 134.4% to -$273.33M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 196.7%, from $282.52M to -$273.33M. Over 3 years (FY 2021 to FY 2025), Operating Income shows relatively stable performance with a -0.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
operating_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.08B | $241.69M | $1.18B | -$40.26M | -$1.18B | $66.93M | $753.90M | $970.06M | $72.81M | $1.13B | $1.34B | $409.98M | $1.37B | $595.47M | $282.52M | $1.11B | $1.01B | $795.15M | -$273.33M |
| QoQ Change | — | -77.6% | +386.2% | -103.4% | <-999% | +105.7% | >999% | +28.7% | -92.5% | >999% | +18.0% | -69.3% | +234.5% | -56.6% | -52.6% | +291.9% | -8.8% | -21.3% | -134.4% |
| YoY Change | — | — | — | — | -209.0% | -72.3% | >999% | +182.4% | +8.8% | — | +77.2% | -57.7% | >999% | -47.4% | -78.8% | +170.1% | -26.4% | +33.5% | -196.7% |
Business Segments
| Segment | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 |
|---|---|---|---|---|---|---|---|---|
| Investing | $528.78M | $647.08M | -$79.94M | $1.14B | $99.79M | $1.17B | $81.92M | $822.41M |
| Markel Ventures | $92.18M | $170.05M | $130.42M | $103.92M | $177.50M | $106.63M | $102.51M | $207.73M |
| Other Insurance Operations | $56.60M | $47.53M | $50.59M | $16.51M | $53.03M | $69.22M | $66.79M | $68.08M |
| Markel Insurance | — | — | — | — | — | — | — | $60.34M |
| Corporate | -$44.40M | -$44.42M | -$47.55M | -$44.29M | -$44.24M | -$46.46M | -$46.94M | -$51.21M |
| Insurance | $96.50M | $134.65M | $25.09M | $107.31M | $133.18M | $109.58M | $53.22M | — |
| Reinsurance | $24.23M | $15.18M | -$5.81M | $12.01M | $1.32M | -$33.53M | $25.03M | — |
| Total | $753.90M | $970.06M | $72.81M | $1.34B | $409.98M | $1.37B | $282.52M | $1.11B |
Corporate, Insurance, Investing, Markel Insurance, Markel Ventures, Other Insurance Operations, Reinsurance were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Operating Income at Other Companies
Frequently Asked Questions
- What is Markel's operating income?
- Markel (MKL) reported operating income of -$273.33M in Q1 2026.
- How has Markel's operating income changed year-over-year?
- Markel's operating income decreased by 196.7% year-over-year, from $282.52M to -$273.33M.
- What is the long-term trend for Markel's operating income?
- Over 3 years (2021 to 2025), Markel's operating income has grown at a -0.5% compound annual growth rate (CAGR), from $3.24B to $3.19B.
- What does operating income mean?
- The profit a company makes from its core business operations before interest and taxes.