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Markel MKL Other Operations — Accumulated impairment losses

Discontinued — last reported Q4 '23

Other segment segments

Financial
$171.9M
Industrial
$18.7M

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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$23.11B+0.8%
Enterprise value$23.82B+2.9%
P/E13×+0.6×
P/S1.4×-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 23, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Markel's other operations — accumulated impairment losses?
Markel (MKL) reported other operations — accumulated impairment losses of $171.9M in Q4 2023.
What does other operations — accumulated impairment losses mean?
The total historical value lost due to impairments in the Other Operations segment.
How do you interpret other operations — accumulated impairment losses?
A growing balance indicates a history of poor acquisition performance or structural decline in the segment.
How does other operations — accumulated impairment losses compare across companies?
Commonly found in the notes to the financial statements regarding intangible assets and goodwill.