Markel Corporation (MKL) — Financial statements
Income statement, balance sheet, and cash flow for Markel Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 16,589↓1.0% | 16,750↑6.6% | 15,714↑33.0% | 11,813↓8.6% | 12,918 | |
| Cost of Revenue | 5,080↓32.1% | 7,477↓2.0% | 7,633↓9.2% | 8,408↑19.7% | 7,025 | |
| Gross Profit | 11,509↑24.1% | 9,273↑14.8% | 8,081↑137.3% | 3,405↓42.2% | 5,893 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 8,777↑55.7% | 5,635↑3.8% | 5,427↑52.6% | 3,557↑28.7% | 2,763 | |
| Operating Expenses | 8,777↑55.7% | 5,635↑3.8% | 5,427↑52.6% | 3,557↑28.7% | 2,763 | |
| Total Costs & Expenses | 13,857↑5.7% | 13,113↑0.4% | 13,060↑9.2% | 11,965↑22.2% | 9,788 | |
| Operating Results | ||||||
| Operating Income | 2,733↓24.9% | 3,638↑37.1% | 2,654↑1850.9% | -152↓104.8% | 3,130 | |
| Depreciation & Amortization | 0.00↓100.0% | 342↑7.1% | 320↑3.3% | 309↓8.0% | 336 | |
| EBITDA | 2,939↓29.8% | 4,184↑32.5% | 3,159↑792.4% | 354↓90.3% | 3,650 | |
| EBIT | 2,939↓23.5% | 3,842↑35.3% | 2,839↑6279.9% | 44↓98.7% | 3,313 | |
| Interest & Other Income | ||||||
| Net Interest Income | -206↓128.0% | 734↑29.6% | 567↑111.5% | 268↑33.4% | 201 | |
| Interest Income | 0.00↓100.0% | 938↑24.8% | 752↑62.0% | 464↑20.7% | 384 | |
| Interest Expense | 206↑0.8% | 204↑10.4% | 185↓5.6% | 196↑6.8% | 184 | |
| Non-Operating Income | -206↓0.8% | -204↓10.4% | -185↑5.6% | -196↓6.8% | -184 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 2,733↓24.9% | 3,638↑37.1% | 2,654↑1850.9% | -152↓104.8% | 3,130 | |
| Income Tax Expense | 580↓26.6% | 790↑43.0% | 553↑1246.3% | -48↓107.0% | 684 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 2,152↓24.4% | 2,847↑35.5% | 2,101↑2132.8% | -103↓104.2% | 2,446 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 2,107↓23.3% | 2,747↑37.6% | 1,996↑1022.9% | -216↓108.9% | 2,423 | |
| Bottom-Line Net Income | 2,081↓19.9% | 2,599↑32.2% | 1,966↑710.3% | -322↓113.2% | 2,434 | |
| EPS (Basic) | 169.74↓15.0% | 199.69↑35.5% | 147.32↑721.1% | -23.72↓113.4% | 176.92 | |
| EPS (Diluted) | 169.22↓15.1% | 199.32↑35.6% | 146.98↑719.6% | -23.72↓113.4% | 176.51 | |
| Weighted Average Shares | 13↓2.5% | 13↓2.5% | 13↓1.7% | 14↓1.4% | 14 | |
| Weighted Average Diluted Shares | 13↓2.4% | 13↓2.5% | 13↓1.5% | 14↓1.6% | 14 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.