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Markel MKL Markel Insurance — Other Underwriting Expense

Other segment segments

Financial
$20.54M
Consumer and Other
$0
Corporate and eliminations
$0
Industrial
$0

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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:OtherUnderwritingExpense.

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 markel insurance — other underwriting expense?
Markel (MKL) reported markel insurance — other underwriting expense of $306.36M in Q1 2026.
How has Markel's markel insurance — other underwriting expense changed year-over-year?
Markel's markel insurance — other underwriting expense decreased by 1.9% year-over-year, from $312.35M to $306.36M.
What is the long-term trend for Markel's markel insurance — other underwriting expense?
Over 2 years (2023 to 2025), Markel's markel insurance — other underwriting expense has grown at a 12.6% compound annual growth rate (CAGR), from $1.01B to $1.28B.
What does markel insurance — other underwriting expense mean?
General administrative and operational expenses incurred to support the underwriting process, excluding acquisition costs and claims. This reflects the overhead efficiency of the insurance segment.