Markel Group Inc. (MKL) Financial Statements
Markel financial statements at a glance
Markel reported revenue of $16.59 billion for fiscal year 2025 (ended December 31, 2025), down 0.2% from fiscal year 2024. Net income was $2.11 billion, a net margin of 12.7%.
At the end of fiscal year 2025 it had total assets of $68.91 billion, total liabilities of $50.31 billion and shareholders' equity of $18.60 billion, with total debt of $4.30 billion.
Its operations brought in $2.76 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Markel Group Inc.
Income Statement
Annual • USD
Markel key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $16.6B | $16.6B | $15.8B | $11.7B | $12.9B |
| Operating income | $3.2B | $3.7B | $2.9B | -$93.3M | $3.3B |
| Net income | $2.1B | $2.7B | $2.0B | -$216.3M | $2.4B |
| Diluted EPS | – | – | – | – | $176.51 |
| Total assets | $68.9B | $61.9B | $55.0B | $49.8B | $48.5B |
| Total liabilities | $50.3B | $45.0B | $40.1B | $36.6B | $33.3B |
| Shareholders' equity | $18.6B | $16.9B | $15.0B | $13.2B | $14.7B |
| Cash | – | – | – | – | $4.0B |
| Total debt | $4.3B | $4.3B | $3.8B | $4.1B | $4.4B |
| Operating cash flow | $2.8B | $2.6B | $2.8B | $2.7B | $2.3B |
| Capital spending | – | – | – | – | $145.2M |
| Free cash flow | – | – | – | – | $2.1B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Markel's revenue in fiscal year 2025?
$16.59 billion, down 0.2% from $16.62 billion in fiscal year 2024.
How much profit does Markel make?
Markel reported net income of $2.11 billion for fiscal year 2025 (12.7% of revenue); operating income was $3.19 billion.
How much cash and debt does Markel have?
At the end of fiscal year 2025: total debt of $4.30 billion.
