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Markel
(NYSE:MKL)
Markel (MKL) vs. SPDR S&P 500 ETF (SPY)
Markel Business Overview & Revenue Model
Markel Earnings Call Summary
Markel Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.32B | 16.62B | 15.71B | 11.81B | 12.92B | 9.64B |
| Gross Profit | 9.45B | 16.62B | 10.39B | 5.71B | 7.92B | 4.94B |
| EBITDA | 3.08B | 4.18B | 3.16B | 353.94M | 3.65B | 1.49B |
| Net Income | 2.52B | 2.75B | 2.00B | -216.28M | 2.42B | 816.03M |
Balance Sheet | ||||||
| Total Assets | 67.39B | 61.90B | 55.05B | 63.44B | 48.48B | 41.71B |
| Cash, Cash Equivalents and Short-Term Investments | 21.88B | 10.56B | 10.21B | 18.66B | 18.37B | 17.06B |
| Total Debt | 0.00 | 4.33B | 3.78B | 4.10B | 4.36B | 3.48B |
| Total Liabilities | 48.80B | 44.43B | 39.52B | 25.54B | 24.18B | 21.21B |
| Stockholders Equity | 18.04B | 16.92B | 14.98B | 13.07B | 14.70B | 12.80B |
Cash Flow | ||||||
| Free Cash Flow | 2.38B | 2.34B | 2.53B | 2.45B | 2.13B | 1.64B |
| Operating Cash Flow | 2.59B | 2.59B | 2.79B | 2.71B | 2.27B | 1.74B |
| Investing Cash Flow | -1.15B | -2.40B | -2.70B | -1.67B | -2.94B | -511.75M |
| Financing Cash Flow | -1.46B | -297.88M | -999.72M | -595.31M | 369.77M | 434.56M |
Markel Technical Analysis
Markel Risk Analysis
Markel Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $27.13B | 14.99 | 20.92% | 1.87% | 11.07% | 22.01% | |
| ― | $24.44B | 12.13 | 11.86% | ― | -6.96% | -26.28% | |
| ― | $24.08B | 11.30 | 14.53% | 2.22% | -0.63% | -30.68% | |
| ― | $10.93B | 14.24 | 17.17% | 7.08% | 3.35% | -14.16% | |
| ― | $12.07B | 13.69 | 8.54% | 8.56% | 6.12% | -31.43% | |
| ― | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
| ― | $20.65B | 15.55 | 7.96% | 0.25% | 8.27% | -7.92% |
Markel Corporate Events
Markel Group Inc. is a diversified company operating across various sectors, with a core focus on specialty insurance, complemented by investments in industries such as bakery equipment, building supplies, and houseplants. The company is known for its decentralized management style and commitment to long-term growth.
In the third quarter of 2025, Markel Group Inc. reported a 7% increase in operating revenues and a 26% decrease in operating income, impacted by market movements in its equity portfolio. Adjusted operating income rose by 24%, highlighting improvements in underwriting profitability and net investment income. The company’s insurance segment saw an 11% increase in underwriting gross premium volume, and the combined ratio improved to 93%. The company also made significant changes to its financial reporting, including re-segmentation of businesses and expanded financial metrics, reflecting a strategic focus on transparency and operational efficiency.
The most recent analyst rating on (MKL) stock is a Buy with a $2108.00 price target. To see the full list of analyst forecasts on Markel stock, see the MKL Stock Forecast page.
The recent earnings call for Markel Corporation painted a mixed picture, reflecting both strengths and challenges faced by the company. While there was significant growth in investment income and ventures revenue, the insurance segment encountered hurdles, including increased reserves and adverse developments in discontinued lines and global reinsurance. This duality in performance impacted the overall sentiment of the call.
Markel Corporation is a diversified financial holding company primarily engaged in specialty insurance and investments, with a unique structure that includes a variety of businesses under its subsidiary, Markel Ventures. In its latest earnings report, Markel Group Inc. showcased a robust financial performance for the second quarter of 2025, despite facing challenges in the broader market. The company reported a significant increase in net income attributable to shareholders, reaching $657.1 million compared to $267.7 million in the same period last year, driven by strong investment gains and improved operating income across its segments. Markel’s total operating revenues rose to $4.6 billion, up from $3.7 billion in the previous year, highlighting the company’s ability to generate substantial income from its diverse business operations. The company’s insurance segment, which forms the core of its operations, reported earned premiums of $2.1 billion, reflecting steady growth. Meanwhile, the investment segment contributed significantly with net investment gains of $580.2 million, a stark contrast to the losses reported in the previous year. Markel Ventures, the segment comprising non-insurance businesses, also showed resilience with revenues of $846.9 million. Looking ahead, Markel Corporation remains cautiously optimistic, with management focusing on strategic growth and operational efficiency to navigate the evolving market landscape. The company continues to leverage its diversified business model to capitalize on opportunities and mitigate risks, aiming for sustained financial performance in the coming quarters.
Markel Corporation faces a significant business risk due to the ambiguous nature of the ‘3939Item’ description, which could potentially lead to misinterpretations or compliance challenges. The lack of clarity surrounding this item may result in unforeseen financial liabilities or regulatory scrutiny, impacting the company’s operational stability. Stakeholders and investors might express concerns over the potential implications of this risk, urging the company to provide more transparency and detailed explanations. Addressing this issue promptly could mitigate adverse effects and reassure the market of Markel Corporation’s commitment to risk management.