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Markel MKL Financial — Catastrophe Current Year Claims and Claims Adjustment Expense

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RNRCasualty and Specialty — Net claims and claim expenses incurred – current accident year
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CNASpecialty — Non-catastrophe net incurred claim and claim adjustment expenses related to current year
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CNACommercial — Non-catastrophe net incurred claim and claim adjustment expenses related to current year
$936M+7.8%

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 mkl:CatastropheCurrentYearClaimsAndClaimsAdjustmentExpense.

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 financial — catastrophe current year claims and claims adjustment expense?
Markel (MKL) reported financial — catastrophe current year claims and claims adjustment expense of $0 in Q1 2026.
What does financial — catastrophe current year claims and claims adjustment expense mean?
Claims and adjustment expenses specifically attributed to large-scale, unpredictable events such as natural disasters. These are separated from attritional losses to provide clarity on the impact of volatility.