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Markel MKL Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Operating revenues by Business
Consumer and Other$1.38B$1.38B$1.37B$1.35B
Corporate and eliminations$110.39M$112.22M$111.55M$111.94M
Financial$720.01M$736.96M$672.14M$649.49M
Industrial$3.98B$3.93B$3.89B$3.84B
Markel Insurance$9.12B+3.9%$9.14B+1.8%$8.97B+1.1%$8.83B+0.5%$8.77B-2.0%
Revenue from Contract with Customer by Product
Management Fees$177.58M+72.1%$161.89M+66.5%$114.68M+25.0%$110.19M+0.1%$103.16M
Services$2.57B+10.1%$2.54B+9.1%$2.48B+7.9%$2.41B+5.6%$2.34B+2.3%

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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.