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Markel MKL Underwriting, acquisition, and insurance expenses

Underwriting, acquisition, and insurance expenses at other companies

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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 mkl:UnderwritingAcquisitionAndInsuranceExpenses.

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 underwriting, acquisition, and insurance expenses?
Markel (MKL) reported underwriting, acquisition, and insurance expenses of $739.83M in Q1 2026.
How has Markel's underwriting, acquisition, and insurance expenses changed year-over-year?
Markel's underwriting, acquisition, and insurance expenses decreased by 1.0% year-over-year, from $747.44M to $739.83M.
What is the long-term trend for Markel's underwriting, acquisition, and insurance expenses?
Over 4 years (2021 to 2025), Markel's underwriting, acquisition, and insurance expenses has grown at a 8.1% compound annual growth rate (CAGR), from $2.29B to $3.13B.
What does underwriting, acquisition, and insurance expenses mean?
These are the costs directly associated with the insurance business, including commissions paid to brokers, administrative costs, and other expenses related to acquiring and maintaining insurance policies. It is a key component in calculating the insurance combined ratio.