What is Markel's deferred tax assets?

Markel (MKL) reported deferred tax assets of -$37.8M in Q4 2025.

How has Markel's deferred tax assets changed year-over-year?

Markel's deferred tax assets increased by 61.7% year-over-year, from -$98.64M to -$37.8M.

What is the long-term trend for Markel's deferred tax assets?

Over 4 years (2021 to 2025), Markel's deferred tax assets has grown at a -24.0% compound annual growth rate (CAGR), from -$453.41M to -$151.22M.

What does deferred tax assets mean?

Future tax benefits from temporary differences, net operating loss carryforwards, and tax credit carryforwards that will reduce future tax payments.

Markel MKL Deferred Tax Assets

Deferred Tax Assets at other companies

W.R. BerkleyWRB

-$77.27M+42.7%

Global Indemnity Group, LLC GBLI

$21.82M-4.7%

Skyward Specialty Insurance Group, Inc.SKWD

$44.14M+63.6%

Kinsale Capital GroupKNSL

$46.3M+2.7%

Bowhead Specialty HoldingsBOW

$27.74M+43.3%

ASI

Ategrity Specialty Holdings LLCASIC

$15.38M+1,065%

Other financials

Income statement

See full

Revenue$3.6B+0.1%

Operating income-$273.3M-197%

Net income-$212.3M-274%

EPS (diluted)-$18.90-256%

Balance sheet

See full

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

See full

Operating cash flow$15.9M-95.8%

CapEx$47.3M+16.1%

Free cash flow-$31.4M-109%

Valuation

See full

Market cap$24.96B-2.2%

Enterprise value$25.66B-1.9%

P/E14.1×+2.6×

P/S1.6×-0.1×

Profitability

See full

Operating margin16.4%-1.7pp

Net margin11%-1.6pp

FCF margin13.6%-0.8pp

Returns & leverage

See full

Return on equity10.1%-1.2pp

Debt / equity0.2×0.0×

Where this comes from

Reported directly by Markel in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInDeferredIncomeTaxes.

The official record: Markel’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

Ask your AI about Markel's deferred tax assets.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Markel's deferred tax assets?: Markel (MKL) reported deferred tax assets of -$37.8M in Q4 2025.
How has Markel's deferred tax assets changed year-over-year?: Markel's deferred tax assets increased by 61.7% year-over-year, from -$98.64M to -$37.8M.
What is the long-term trend for Markel's deferred tax assets?: Over 4 years (2021 to 2025), Markel's deferred tax assets has grown at a -24.0% compound annual growth rate (CAGR), from -$453.41M to -$151.22M.
What does deferred tax assets mean?: Future tax benefits from temporary differences, net operating loss carryforwards, and tax credit carryforwards that will reduce future tax payments.