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Markel

MKL

Markel Group Inc. is a diverse holding company that operates a global specialty insurance business alongside a portfolio of independent industrial and consumer companies.

Market cap
$24.49B-3.6%
Revenue$16.1B+9.7%
Net income$1.8B-3.8%
Free cash flow$2.2B+3.4%
EPS (diluted)$138.64+2.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$4.5B
EPS estimate$29.94

Financials

Q1 2026

Income statement

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Revenue$3.6B+0.1%
Operating income-$273.3M-197%
Net income-$212.3M-274%
EPS (diluted)-$18.90-256%

Balance sheet

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Cash & equivalents$3.7B-12.2%
Total debt$4.4B-0.2%
Total equity$18.1B+5.7%
Total assets$68.6B+6.2%

Cash flow

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Operating cash flow$15.9M-95.8%
CapEx$47.3M+16.1%
Free cash flow-$31.4M-109%

Valuation & ratios

Valuation

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Market cap$24.49B-3.6%
Enterprise value$25.19B-3.3%
P/E13.8×+2.4×
P/S1.5×-0.1×

Profitability

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Operating margin16.4%-1.7pp
Net margin11%-1.6pp
FCF margin13.6%-0.8pp

Returns & leverage

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Return on equity10.1%-1.2pp
Debt / equity0.2×0.0×

Segments

By segment

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Industrial$846.8M
Consumer and Other$261.9M
Financial$41.8M
Markel Insurance$1.5M
Corporate Operations-

By product

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Services$546.4M+7.0%
Management Fees$41.6M+60.6%

Competitors

Profile

Markel Group Inc. is a diverse holding company that operates a global specialty insurance business alongside a portfolio of independent industrial and consumer companies. The company follows a long-term capital allocation strategy, utilizing insurance float and operating cash flows to reinvest in existing businesses, acquire majority stakes in new subsidiaries, and maintain a significant portfolio of public equity investments.

Competitive position

A leading U.S. excess and surplus (E&S) insurer that differentiates itself through a decentralized 'Markel Style' culture and a Berkshire Hathaway-style capital allocation model.

GeographiesUnited States, United Kingdom, Bermuda, Germany, Canada, Asia Pacific
Customer segmentsB2B, B2C, Enterprise, SMB, Institutional Investors
Business modelHolding Company, Insurance Underwriting, Manufacturing, Distribution, Professional Services
SuppliersPublic equity markets, Fixed income markets, Raw material suppliers for manufacturing, Reinsurance capacity providers
CustomersWholesale and retail insurance brokers, Commercial construction firms, Industrial food producers, National retail chains, Residential homebuyers
Listed1986
Employees21.6K
CEOThomas Sinnickson Gayner
FilingsSEC EDGAR

Questions, answered.

What is Markel's market cap?
Markel (MKL) has a market capitalization of $24.5B and trades on NYSE.
What is Markel's revenue and profitability?
Markel generated $16.1B in trailing twelve-month revenue with net income of $1.8B, representing a net margin of 11.0%, with free cash flow of $2.2B. These figures are based on the Q1 2026 filing.
Who are Markel's competitors?
Markel's key competitors include Berkshire Hathaway, W. R. Berkley Corporation, Kinsale Capital Group, and others. These companies compete in similar markets and product categories.
Who does Markel partner with?
Markel's notable partners include Lloyd's of London, Hagerty, Inc..
What subsidiaries does Markel have?
Markel's subsidiaries include Evanston Insurance Company, State National, Nephila, and others.
Where is Markel headquartered?
Markel is headquartered in United States of America and employs approximately 21,600 people. It has been publicly traded since 1986.