MKL · XBRL financial data

Markel Group financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (MKL's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Revenue	4,643*	4,467	3,702	4,611	3,841*	3,399	4,603	3,935	4,008*	3,551	4,018	4,158
Operating income (loss)	1,132*	1,336	410	1,371	595*	283	1,107	1,010	795*	(273)	1,560	383
Interest expense	44*	46	53	53	53*	52	53	51	50*	51	52	51
Income tax expense (benefit)	213*	293	76	259	162*	28	185	215	152*	(66)	333	77
Net income (loss)	769*	1,025	268	905	549*	122	657	751	577*	(212)	1,169	259
Earnings per share, basic USD per share	58.09*	75.56	18.66	66.40	42.60*	12.11	49.80	59.44	46.60*	(18.90)	—	—
Earnings per share, diluted USD per share	57.91*	75.43	18.62	66.25	42.54*	12.08	49.67	59.25	46.41*	(18.90)	92.76	18.15
Weighted average shares, basic millions of shares	13*	13	13	13	13*	13	13	13	12*	13	13	12
Weighted average shares, diluted millions of shares	13*	13	13	13	13*	13	13	13	12*	13	13	12

Fiscal quarters (MKL's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	3,747	3,627	3,511	3,873	3,693	4,194	3,720	4,049	3,965	3,680	3,423	3,602
Inventory	617	—	—	—	632	—	—	—	703	—	—	—
Property and equipment, net	1,300	—	—	—	1,400	—	—	—	1,500	—	—	—
Right-of-use asset	629	—	—	—	681	—	—	—	658	—	—	—
Goodwill	2,625	2,626	2,738	2,740	2,736	2,772	2,827	2,821	2,822	2,836	2,835	2,835
Total assets	55,046	57,286	59,710	62,283	61,898	64,599	66,791	67,392	68,905	68,602	71,263	72,077
Total liabilities	39,520	40,969	43,285	44,620	44,429	46,855	48,923	48,796	49,803	49,952	51,792	53,065
Retained earnings	11,353	12,185	12,330	13,063	13,380	13,365	13,840	14,513	15,035	14,662	15,594	15,505
Total stockholders' equity	14,984	15,730	15,850	17,014	16,916	17,149	17,318	18,041	18,598	18,132	19,006	18,507
Total liabilities and equity	55,046	57,286	59,710	62,283	61,898	64,599	66,791	67,392	68,905	68,602	71,263	72,077
Common shares outstanding (cover page) millions of shares	13	13	13	13	13	13	13	13	13	13	12	12

Fiscal quarters (MKL's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	769*	1,025	268	905	549*	122	657	751	577*	(212)	1,169	259
Net cash from operating activities	823*	631	579*	891*	494*	376	504*	1,218*	662*	16	429*	946*
Purchases of property and equipment	104*	72	57*	52*	74*	41	51*	52*	63*	47	44*	97*
Net cash from investing activities	(1,361)*	(564)	(994)*	(326)*	(514)*	193	(109)*	(719)*	(554)*	(348)	(197)*	(489)*
Share repurchases	176*	161	99*	129*	184*	170	99*	74*	86*	134	237*	315*
Net cash from financing activities	(200)*	(103)	358*	(189)*	(364)*	(106)	(822)*	(171)*	(111)*	(80)	(342)*	(328)*
Net change in cash	(713)*	(55)	(61)*	411*	(434)*	483	(380)*	322*	(14)*	(422)	(113)*	128*

SIC 6331 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6331 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Markel Group	3,602	4,158	946*	12.2M	Q3 FY26 10-QSep 30, 2026
Cincinnati Financial	1,239	3,047	791*	153.5M	Q3 FY26 10-QSep 30, 2026
Berkley W R	2,113	3,739	731*	371.5M	Q3 FY26 10-QSep 30, 2026
Arch Capital Group	1,109	4,668	1,322*	341.2M	Q2 FY26 10-QJun 30, 2026
Hartford Insurance Group	123	111	2,951*	267.4M	Q3 FY26 10-QSep 30, 2026
Loews	505	843	954*	202.2M	Q3 FY26 10-QSep 30, 2026
Everest Group	987	3,713	667*	37.0M	Q3 FY26 10-QSep 30, 2026
American International Group	1,565	7,085	1,716*	522.9M	Q2 FY26 10-QJun 30, 2026
Allstate	840	18,596	2,634*	252.9M	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.