Markel Corporation

Financial Services · Insurance - Property & Casualty

1,776.30$ -0.5% vs. previous close Closing price · As of: Sep 18, 2026

Statements

Income Statement

Markel Corporation (MKL) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (2025), "Revenue" came in at 16,589 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

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Income Statement MKL
Line item	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	367	419	426	524	1,094	1,397	1,770	2,092	2,262	2,200	2,519	2,483	1,977	2,069	2,225	2,630	3,000	4,323	5,134	5,370	5,611	6,065	6,950	9,520	9,639	12,918	11,813	15,714	16,750	16,589
Cost of Revenue	–	120	328	440	1,071	1,500	1,602	1,854	1,982	1,950	1,900	1,853	1,269	993	1,372	1,723	1,584	2,338	2,920	2,752	3,249	4,219	4,305	4,667	6,257	7,025	8,408	7,633	7,477	5,080
Gross Profit	367	299	98	84	24	-103	168	238	280	250	619	630	708	1,076	853	907	1,416	1,985	2,213	2,618	2,362	1,846	2,645	4,852	3,382	5,893	3,405	8,081	9,273	11,509
Research & Development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	–	–	–	–	–	–	–
Selling, General & Administrative	–	–	–	–	–	–	–	–	–	–	–	–	–	–	168	309	478	664	855	1,047	416	459	475	676	–	–	–	–	–	–
Total Operating Expenses	8.0	20	22	31	76	79	51	56	56	64	65	58	867	878	558	717	1,104	1,623	1,773	1,875	1,732	1,759	2,653	2,566	2,382	2,763	3,557	5,427	5,635	8,777
Operating Income	359	279	75	53	-52	-182	118	182	224	186	553	572	-160	199	296	190	312	362	440	742	630	87	-7.9	2,286	1,000	3,130	-152	2,654	3,638	2,733
Interest Expense	8.0	20	20	25	52	49	40	52	56	64	65	56	48	54	74	86	93	114	117	118	130	132	154	172	178	184	196	185	204	206
Pre-Tax Income	37	66	75	53	-52	-182	118	182	224	186	553	572	-160	199	296	190	312	362	440	742	630	87	-7.9	2,286	1,000	3,130	-152	2,654	3,638	2,733
Income Tax Expense	-9.7	16	18	13	-24	-56	42	58	59	38	161	166	-101	-3.8	28	42	54	78	117	153	169	-313	122	486	169	684	-48	553	790	580
Net Income	47	50	57	41	-28	-126	75	123	165	148	393	406	-59	202	267	142	253	281	321	583	456	395	-128	1,790	816	2,423	-216	1,996	2,747	2,107
EBITDA	19	27	103	91	33	-92	186	273	312	286	653	659	-80	284	423	347	492	666	761	1,061	954	424	374	2,727	1,485	3,650	354	3,159	4,184	3,287

Data as of: September 18, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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Income Statement

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