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Markel MKL Financial — Deferred Policy Acquisition Costs, Amortization Expense

Other segment segments

Markel Insurance
$406.73M
Consumer and Other
$0
Corporate and eliminations
$0
Industrial
$0

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$143.5M+6.7%
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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:DeferredPolicyAcquisitionCostAmortizationExpense.

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 — deferred policy acquisition costs, amortization expense?
Markel (MKL) reported financial — deferred policy acquisition costs, amortization expense of $6.2M in Q1 2026.
How has Markel's financial — deferred policy acquisition costs, amortization expense changed year-over-year?
Markel's financial — deferred policy acquisition costs, amortization expense increased by 7.9% year-over-year, from $5.75M to $6.2M.
What does financial — deferred policy acquisition costs, amortization expense mean?
The systematic recognition of costs incurred to acquire new insurance policies, such as commissions and underwriting expenses, over the life of the policy. This aligns expenses with the period in which the related premium revenue is earned.