What is Markel's industrial — accumulated impairment losses?

Markel (MKL) reported industrial — accumulated impairment losses of $18.7M in Q4 2025.

What does industrial — accumulated impairment losses mean?

The total historical amount of impairment charges recognized against the industrial segment's assets, such as goodwill or long-lived assets. This reflects the cumulative reduction in asset value due to underperformance or changes in market conditions.

Markel MKL Industrial — Accumulated impairment losses

Other segment segments

Financial

$171.9M—

Similar metrics at other companies

VREXIndustrial — Goodwill, Impaired, Accumulated Impairment Loss

$0—

LFUSIndustrial — Goodwill, Impaired, Accumulated Impairment Loss

$48.06M+6.2%

STIndustrials — Accumulated goodwill impairment

$394.3M+134%

MATWIndustrial Technologies — Accumulated impairment charges

$39.87M-2.0%

ACTGIndustrial operations — Impairment losses

$0—

MOG.BIndustrial — Goodwill, accumulated impairment loss

$38.2M0.0%

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 industrial — accumulated impairment losses?: Markel (MKL) reported industrial — accumulated impairment losses of $18.7M in Q4 2025.
What does industrial — accumulated impairment losses mean?: The total historical amount of impairment charges recognized against the industrial segment's assets, such as goodwill or long-lived assets. This reflects the cumulative reduction in asset value due to underperformance or changes in market conditions.