MKL · XBRL financial data

Markel Group financial statements, every fiscal year

The same tables from 6 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 years (MKL's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	9,735	12,846	11,675	15,804	16,621	15,513
Revenue from contracts with customers	3,133	3,990	5,237	—	—	—
Operating income (loss)	1,274	3,244	(93)	2,929	3,713	3,195
Interest expense	178	184	196	185	204	206
Income tax expense (benefit)	169	684	(48)	553	790	580
Net income (loss)	816	2,425	(214)	1,996	2,747	2,107
Earnings per share, basic USD per share	55.67	176.92	(23.57)	147.32	199.69	169.74
Earnings per share, diluted USD per share	55.63	176.51	(23.57)	146.98	199.32	169.22
Weighted average shares, basic millions of shares	14	14	14	13	13	13
Weighted average shares, diluted millions of shares	14	14	14	13	13	13

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	4,342	3,978	4,137	3,747	3,693	3,965
Inventory	413	529	640	617	632	703
Property and equipment, net	632	1,100	1,200	1,300	1,400	1,500
Right-of-use asset	—	534	527	629	681	658
Goodwill	2,605	2,899	2,639	2,625	2,736	2,822
Total assets	41,710	48,449	49,791	55,046	61,898	68,905
Total liabilities	28,650	33,270	36,140	39,520	44,429	49,803
Retained earnings	8,195	10,424	9,837	11,353	13,380	15,035
Total stockholders' equity	12,800	14,695	13,066	14,984	16,916	18,598
Total liabilities and equity	41,710	48,449	49,791	55,046	61,898	68,905
Common shares outstanding (cover page) millions of shares	14	14	13	13	13	13

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	816	2,425	(214)	1,996	2,747	2,107
Net cash from operating activities	1,738	2,274	2,709	2,787	2,594	2,761
Purchases of property and equipment	101	145	255	259	255	207
Net cash from investing activities	(512)	(2,938)	(1,670)	(2,704)	(2,399)	(1,190)
Share repurchases	27	207	291	445	573	430
Net cash from financing activities	435	370	(595)	(1,000)	(298)	(1,210)
Net change in cash	1,716	(336)	341	(889)	(140)	411

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.