What is Markel's financial — accumulated impairment losses?

Markel (MKL) reported financial — accumulated impairment losses of $171.9M in Q4 2025.

What does financial — accumulated impairment losses mean?

This represents the total historical impairment charges taken against goodwill or other intangible assets within the financial segment. It serves as a cumulative measure of value destruction related to past acquisitions that failed to meet performance expectations.

Markel MKL Financial — Accumulated impairment losses

Other segment segments

Industrial

$18.7M—

Similar metrics at other companies

OPLNFinance — Accumulated goodwill impairment

$161.5M0.0%

TBRGFinancial Health — Goodwill, Impaired, Accumulated Impairment Loss

$0—

FCNCorporate Finance — Accumulated impairment loss

$0—

CBZFinancial Services — Goodwill, Impaired, Accumulated Impairment Loss

$76.25M—

KFRCFA — Goodwill, Impaired, Accumulated Impairment Loss

$11.76M0.0%

CBZFinancial Services — Transfer - Accumulated impairment

-$32.21M—

Other financials

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

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Market cap$24.44B-2.1%

Enterprise value$25.14B-1.8%

P/E13.8×+2.6×

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×

Where this comes from

Reported directly by Markel in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

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

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Questions, answered.

What is Markel's financial — accumulated impairment losses?: Markel (MKL) reported financial — accumulated impairment losses of $171.9M in Q4 2025.
What does financial — accumulated impairment losses mean?: This represents the total historical impairment charges taken against goodwill or other intangible assets within the financial segment. It serves as a cumulative measure of value destruction related to past acquisitions that failed to meet performance expectations.