Markel Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Markel Corporation (MKL). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Insurance [Member] | – | $5.47B 42.5% | $6.53B 55.9% · +19.4% | $7.28B 46.1% · +11.6% | $7.41B 44.6% · +1.7% |
| Markel Ventures [Member] | $2.79B 89.3% | $3.64B 28.4% · +30.4% | $4.76B 40.7% · +30.6% | $4.99B 31.5% · +4.8% | $5.12B 30.8% · +2.7% |
| Investing [Member] | – | $2.35B 18.3% | -$1.17B -10.0% · -149.6% | $2.24B 14.2% · +292.0% | $2.77B 16.7% · +23.7% |
| Reinsurance [Member] | – | $1.04B 8.1% | $1.06B 9.1% · +2.0% | $1.01B 6.4% · -4.6% | $1.03B 6.2% · +1.4% |
| Other Insurance Operations | – | – | $493.7M 4.2% | $280.1M 1.8% · -43.3% | $291.9M 1.8% · +4.2% |
| Corporate Expense | – | – | $0 0.0% | $0 0.0% | $0 0.0% |
| Other [Member] | $334.3M 10.7% | $342.1M 2.7% · +2.3% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.