Operating Expenses

D&A

Markel D&A increased by 1.7% to $43.51M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 7.3%, from $46.94M to $43.51M. Over 4 years (FY 2021 to FY 2025), D&A shows an upward trend with a 3.6% CAGR.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2015
Last reportedQ1 2026

How to read this metric

Higher levels often indicate significant recent capital investment or large historical acquisitions, while lower levels may suggest aging assets.

Detailed definition

Depreciation and amortization represent the systematic allocation of the cost of tangible and intangible assets over the...

Peer comparison

High in capital-intensive industries like healthcare and manufacturing; peers often report this as a significant non-cash drag on earnings.

Metric ID: depreciation_and_amortization

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$39.73M$39.27M$41.99M$46.05M$45.52M$43.42M$43.79M$44.40M$44.42M$47.55M$44.25M$44.29M$44.24M$46.46M$46.49M$46.94M$51.21M$44.06M$42.79M$43.51M
QoQ Change-1.2%+6.9%+9.7%-1.1%-4.6%+0.9%+1.4%+0.1%+7.0%-6.9%+0.1%-0.1%+5.0%+0.1%+1.0%+9.1%-14.0%-2.9%+1.7%
YoY Change+14.6%+10.6%+4.3%-3.6%-2.4%+9.5%+1.0%-0.3%-0.4%-2.3%+5.1%+6.0%+15.8%-5.2%-8.0%-7.3%
Range$39.27M$51.21M
CAGR+1.9%
Avg YoY Growth+2.3%
Median YoY Growth+0.4%

Business Segments

View all
SegmentQ3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25
Corporate$44.29M$44.24M$46.46M$46.49M$46.94M$51.21M
Insurance$0.00$0.00
Investing$0.00$0.00
Markel Ventures$26.86M$26.97M$29.73M$29.64M$20.33M$20.33M
Other$24.43M$24.41M
Reinsurance$0.00$0.00
Total$47.55M$44.25M$44.29M$44.24M$46.46M$46.49M$46.94M$51.21M

Consumer & Other, Corporate Operations, Financial, Industrial, Markel Insurance, Other Insurance Operations, Other Operations are derived from annual filings.

Corporate, Insurance, Investing, Markel Ventures, Other, Reinsurance were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.

Frequently Asked Questions

What is Markel's d&a?
Markel (MKL) reported d&a of $43.51M in Q1 2026.
How has Markel's d&a changed year-over-year?
Markel's d&a decreased by 7.3% year-over-year, from $46.94M to $43.51M.
What is the long-term trend for Markel's d&a?
Over 4 years (2021 to 2025), Markel's d&a has grown at a 3.6% compound annual growth rate (CAGR), from $160.54M to $185.01M.
What does d&a mean?
The non-cash expense that spreads the cost of physical and intangible assets over their useful life.