Operating

D&A

Markel D&A remained flat by 0.0% to $86.98M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 1.6%, from $85.59M to $86.98M. Over 4 years (FY 2021 to FY 2025), D&A shows relatively stable performance with a 0.8% CAGR.

Analysis

StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2014
Last reportedQ1 2026

How to read this metric

Higher levels indicate significant capital investment in infrastructure or acquisitions, while lower levels may suggest aging assets or limited capital expenditure.

Detailed definition

This represents the non-cash expense allocated to the cost of tangible and intangible assets over their useful lives. Be...

Peer comparison

High in capital-intensive industries like manufacturing and healthcare devices; lower in service-based sectors.

Metric ID: depreciation_and_amortization_cf

Historical Data

5 years
 FY'21FY'22FY'23FY'24FY'25
Value$336.39M$309.45M$319.73M$342.36M$347.92M
YoY Change-8.0%+3.3%+7.1%+1.6%
Range$309.45M$347.92M
CAGR+0.8%
Avg YoY Growth+1.0%
Median YoY Growth+2.5%
Current Streak3 years growth

Business Segments

View all
SegmentQ1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q1 '25Q2 '25
Markel Ventures$27.36M$27.42M$26.86M$26.97M$29.73M$29.64M$32.24M$31.91M
Total$79.93M$79.93M$79.93M$79.93M$85.59M$85.59M$86.98M$86.98M

Markel Ventures was previously reported and has 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 $86.98M in Q4 2025.
How has Markel's d&a changed year-over-year?
Markel's d&a increased by 1.6% year-over-year, from $85.59M to $86.98M.
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 0.8% compound annual growth rate (CAGR), from $336.39M to $347.92M.
What does d&a mean?
The non-cash accounting expense for the wear and tear or expiration of assets.