Markel MKL Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Operating revenues by Business | ||||||
| Consumer and Other | $280.5M+2.2% | $274.49M-5.8% | $291.41M-44.9% | $529.23M+83.9% | $287.79M+9.2% | |
| Corporate and eliminations | $23.84M-15.4% | $28.17M-15.3% | $33.27M+32.4% | $25.12M-2.1% | $25.66M-6.7% | |
| Financial | $161.53M-27.9% | $224.13M+38.8% | $161.5M-6.6% | $172.85M-3.2% | $178.48M+12.0% | |
| Industrial | $883.06M-14.5% | $1.03B-1.6% | $1.05B+3.4% | $1.02B+22.4% | $829.57M-16.6% | |
| Markel Insurance | $2.2B-10.1% | $2.45B+2.1% | $2.4B+15.9% | $2.07B-7.0% | $2.23B-2.3% | |
| Revenue from Contract with Customer by Product | ||||||
| Management Fees | $41.55M-45.4% | $76.1M+151% | $30.34M+2.6% | $29.58M+14.4% | $25.87M-10.4% | |
| Services | $546.43M-21.2% | $693.74M+1.8% | $681.39M+4.7% | $650.64M+27.4% | $510.75M-20.1% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Markel break its business down?
- Markel (MKL) reports operating revenues by business across 5 parts — Consumer and Other, Corporate and eliminations, Financial, Industrial and Markel Insurance. Each is extracted from the segment footnotes and tracked over time.
- Where does Markel's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Markel's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
