What is Markel's markel insurance — intangible assets?

Markel (MKL) reported markel insurance — intangible assets of $219.12M in Q4 2025.

What does markel insurance — intangible assets mean?

This represents the total book value of non-physical assets such as customer lists, licenses, and brand names held by the insurance segment. These assets are critical for maintaining competitive advantages in specialty insurance markets.

Markel MKL Markel Insurance — Intangible assets

Other segment segments

Industrial

$526.35M—

Financial

$435.91M—

Consumer & Other

$355.62M—

Corporate Operations

$6M—

Similar metrics at other companies

KKRInsurance — Insurance Intangible Assets

$5.93B+11.8%

BRK.AInsurance And Other — Intangible Assets Excluding Goodwill

$34.28B-0.2%

BRK.AInsurance And Other — Intangible Assets Gross Excluding Goodwill

$51.9B+1.9%

KKRInsurance — Other Intangible Assets, Net

$218.82M—

AXSInsurance — Intangible Assets, Net (Including Goodwill)

$230.15M-4.0%

BHInsurance premiums and other — Identifiable Assets

$144.4M+11.4%

Other financials

Income statement

See full

Revenue$3.6B+0.1%

Operating income-$273.3M-197%

Net income-$212.3M-274%

EPS (diluted)-$18.90-256%

Balance sheet

See full

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

See full

Operating cash flow$15.9M-95.8%

CapEx$47.3M+16.1%

Free cash flow-$31.4M-109%

Valuation

See full

Market cap$24.44B-2.1%

Enterprise value$25.14B-1.8%

P/E13.8×+2.6×

P/S1.5×-0.1×

Profitability

See full

Operating margin16.4%-1.7pp

Net margin11%-1.6pp

FCF margin13.6%-0.8pp

Returns & leverage

See full

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:IntangibleAssetsNetExcludingGoodwill.

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

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What is Markel's markel insurance — intangible assets?: Markel (MKL) reported markel insurance — intangible assets of $219.12M in Q4 2025.
What does markel insurance — intangible assets mean?: This represents the total book value of non-physical assets such as customer lists, licenses, and brand names held by the insurance segment. These assets are critical for maintaining competitive advantages in specialty insurance markets.