What is Markel's income tax?

Markel (MKL) reported income tax of -$65.58M in Q1 2026.

How has Markel's income tax changed year-over-year?

Markel's income tax decreased by 330.9% year-over-year, from $28.4M to -$65.58M.

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

Over 3 years (2021 to 2025), Markel's income tax has grown at a -5.3% compound annual growth rate (CAGR), from $683.96M to $580.3M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Markel MKL Income Tax

Income Tax at other companies

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$100.52M-17.1%

RLIRLI

$12.46M-19.2%

Berkshire HathawayBRK.A

$2.14B+350%

Global Indemnity Group, LLC GBLI

$1.27M+215%

Skyward Specialty Insurance Group, Inc.SKWD

$12.35M+31.7%

Tiptree Inc.TIPT

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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$24.44B-2.1%

Enterprise value$25.14B-1.8%

P/E13.8×+2.6×

P/S1.5×-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:IncomeTaxExpenseBenefit.

The official record: Markel’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Markel's income tax?: Markel (MKL) reported income tax of -$65.58M in Q1 2026.
How has Markel's income tax changed year-over-year?: Markel's income tax decreased by 330.9% year-over-year, from $28.4M to -$65.58M.
What is the long-term trend for Markel's income tax?: Over 3 years (2021 to 2025), Markel's income tax has grown at a -5.3% compound annual growth rate (CAGR), from $683.96M to $580.3M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.