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Markel MKL Markel Insurance — Deferred policy acquisition costs

Other segment segments

Financial

$1.02M—

Similar metrics at other companies

KMPRLife Insurance — Deferred Policy Acquisition Costs

$506.4M+7.5%

PRA

PRADeferred policy acquisition costs

$60.34M-1.5%

MCYDeferred policy acquisition costs

$366.57M+8.9%

UVEDeferred policy acquisition costs

$126.16M+8.9%

HGDeferred policy acquisition costs

$291.31M+20.2%

THGDeferred policy acquisition costs

$690.8M+5.2%

Other financials

Income statement

Revenue$3.6B+0.1%

Operating income-$273.3M-197%

Net income-$212.3M-274%

EPS (diluted)-$18.90-256%

Balance sheet

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

Operating cash flow$15.9M-95.8%

CapEx$47.3M+16.1%

Free cash flow-$31.4M-109%

Valuation

Market cap$24.44B-2.1%

Enterprise value$25.14B-1.8%

P/E13.8×+2.6×

P/S1.5×-0.1×

Profitability

Operating margin16.4%-1.7pp

Net margin11%-1.6pp

FCF margin13.6%-0.8pp

Returns & leverage

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:DeferredPolicyAcquisitionCosts.

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 markel insurance — deferred policy acquisition costs?: Markel (MKL) reported markel insurance — deferred policy acquisition costs of $908.5M in Q4 2025.
What does markel insurance — deferred policy acquisition costs mean?: These are the incremental costs directly related to the successful acquisition of new or renewal insurance contracts, such as commissions and premium taxes. These costs are capitalized and amortized over the life of the related insurance policies.