See more : Steinhoff International Holdings N.V. (SNH.JO) Income Statement Analysis – Financial Results
Complete financial analysis of Markel Corporation (MKL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Markel Corporation, a leading company in the Insurance – Property & Casualty industry within the Financial Services sector.
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Markel Corporation (MKL)
About Markel Corporation
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind. This segment also offers credit and surety products, and collateral protection insurance products. The company's Reinsurance segment offers transaction, healthcare, and environmental impairment liability; and specialty treaty reinsurance products comprising structured and whole turnover credit, political risk, mortgage and contract, and commercial surety reinsurance programs. Its Markel Ventures segment provides equipment used in baking systems and food processing; portable dredges; over-the-road car haulers and transportation equipment; and laminated oak and composite wood flooring, tube and tank trailers, as well as ornamental plants and residential homes, handbags, and architectural products. This segment also provides consulting, and other types of services to businesses and consumers, including distribution of exterior building products, crane rental, fire protection, and life safety services, management and technology consulting, and retail intelligence services. The company's Other segment provides healthcare, leasing and investment services, as well as operates as an insurance and investment fund manager offering a range of investment products, including insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives; and program services. it also manages funds with third parties. Markel Corporation was founded in 1930 and is based in Glen Allen, Virginia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15.80B | 11.82B | 12.92B | 9.64B | 9.52B | 6.95B | 6.06B | 5.61B | 5.37B | 5.13B | 4.32B | 3.00B | 2.63B | 2.23B | 2.07B | 1.90B | 2.48B | 2.52B | 2.20B | 2.26B | 2.09B | 1.77B | 1.40B | 1.09B | 524.32M | 426.00M | 419.00M | 366.70M | 343.60M | 279.70M | 234.90M | 229.10M | 225.00M | 77.00M | 97.80M | 69.50M | 40.70M | 35.40M | 22.60M |
| Cost of Revenue | 180.61M | 178.78M | 160.54M | 159.32M | 148.64M | 115.93M | 80.76M | 68.53M | 68.95M | 57.63M | 55.22M | 33.51M | 24.29M | 16.82M | 6.70M | 4.38M | 2.15M | 0.00 | 0.00 | 0.00 | 4.13M | 10.68M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 15.62B | 11.64B | 12.76B | 9.48B | 9.38B | 6.83B | 5.98B | 5.54B | 5.30B | 5.08B | 4.27B | 2.97B | 2.61B | 2.21B | 2.06B | 1.89B | 2.48B | 2.52B | 2.20B | 2.26B | 2.09B | 1.76B | 1.40B | 1.09B | 524.32M | 426.00M | 419.00M | 366.70M | 343.60M | 279.70M | 234.90M | 229.10M | 225.00M | 77.00M | 97.80M | 69.50M | 40.70M | 35.40M | 22.60M |
| Gross Profit Ratio | 98.86% | 98.49% | 98.76% | 98.35% | 98.44% | 98.33% | 98.67% | 98.78% | 98.72% | 98.88% | 98.72% | 98.88% | 99.08% | 99.24% | 99.68% | 99.77% | 99.91% | 100.00% | 100.00% | 100.00% | 99.80% | 99.40% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 675.68M | 474.92M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 21.90M | 0.00 | 18.80M | 37.20M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 2.84B | 0.00 | 0.00 | 0.00 | 675.68M | 474.92M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 21.90M | 0.00 | 18.80M | 40.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 12.87B | 11.77B | -13.80B | -11.79B | -10.35B | -7.27B | 5.84B | 4.81B | 4.51B | 4.58B | 3.85B | 2.60B | 2.35B | 1.86B | 1.82B | 2.01B | 1.86B | 1.90B | 1.95B | 1.98B | 1.86B | 1.61B | -1.53B | -1.09B | -445.73M | -330.20M | -332.60M | -321.70M | -287.20M | -246.30M | -197.20M | -206.10M | -207.30M | -84.00M | -118.20M | -53.80M | -31.80M | -28.10M | -20.70M |
| Operating Expenses | 15.71B | 11.77B | -13.80B | -11.79B | -9.67B | -6.80B | 5.84B | 4.81B | 4.51B | 4.58B | 3.85B | 2.60B | 2.35B | 1.86B | 1.82B | 2.01B | 1.86B | 1.90B | 1.95B | 1.98B | 1.86B | 1.61B | -1.53B | -1.09B | -445.73M | -330.20M | -332.60M | -321.70M | -287.20M | -246.30M | -197.20M | -184.20M | -207.30M | -65.20M | -77.70M | -53.80M | -31.80M | -28.10M | -20.70M |
| Cost & Expenses | 12.87B | 11.96B | 9.79B | 8.64B | 7.24B | 6.96B | 5.97B | 4.98B | 4.63B | 4.69B | 3.96B | 2.69B | 2.44B | 1.93B | 1.87B | 2.06B | 1.91B | 1.97B | 2.01B | 2.04B | 1.91B | 1.65B | 1.58B | 1.15B | 470.88M | 20.40M | 20.10M | 8.00M | 8.50M | 88.40M | 72.90M | 72.90M | 41.90M | 31.30M | 56.10M | 2.40M | 300.00K | -28.10M | -20.70M |
| Interest Income | 0.00 | 464.01M | 384.42M | 392.05M | 171.69M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -820.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 185.08M | 196.06M | 183.58M | 177.58M | 171.69M | 154.21M | 132.45M | 129.90M | 118.30M | 117.44M | 114.00M | 92.76M | 86.25M | 73.66M | 53.97M | 47.39M | 56.25M | 65.17M | 63.84M | 56.22M | 51.96M | 40.10M | 48.65M | 52.35M | 25.15M | 20.40M | 20.10M | 8.00M | 8.50M | 7.70M | 5.60M | 5.30M | 0.00 | 4.30M | 3.20M | 2.40M | 300.00K | 0.00 | 0.00 |
| Depreciation & Amortization | 259.92M | 366.95M | 336.39M | 307.07M | 269.24M | 227.85M | 203.87M | 194.15M | 68.95M | 57.63M | 55.22M | 33.51M | 24.29M | 16.82M | 6.70M | 4.38M | 30.53M | 27.61M | 29.58M | 31.34M | 39.26M | 28.23M | 41.91M | 32.40M | 12.86M | 7.30M | 7.30M | 10.90M | 11.10M | 15.40M | 13.00M | 12.30M | 12.60M | 4.80M | 4.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 2.93B | 411.45M | 3.65B | 1.49B | 2.73B | 374.20M | 423.62M | 953.96M | 1.06B | 761.40M | 665.81M | 492.14M | 276.45M | 369.17M | 252.61M | -113.63M | 658.74M | 618.57M | 249.84M | 311.60M | 233.55M | 157.79M | -91.64M | 32.94M | 91.45M | 103.09M | 27.40M | 18.90M | 19.60M | 48.80M | 18.60M | 17.60M | 0.00 | 16.60M | 7.50M | 0.00 | 0.00 | 7.30M | 1.90M |
| EBITDA Ratio | 18.53% | 8.95% | -5.58% | -20.63% | 0.03% | 5.42% | 6.90% | 16.91% | 19.65% | 14.78% | 15.34% | 16.24% | 12.95% | 18.96% | 13.68% | -4.48% | 26.53% | 25.65% | 12.70% | 13.78% | 13.04% | 10.51% | -6.56% | 3.01% | 17.44% | 24.20% | 22.36% | 15.24% | 19.64% | 17.45% | 21.58% | 24.97% | 13.47% | 21.56% | 24.95% | 22.59% | 21.87% | 20.62% | 8.41% |
| Operating Income | 2.93B | 878.63M | -880.80M | -2.15B | -145.98M | 148.53M | 219.75M | 803.92M | 860.41M | 557.82M | 475.75M | 404.81M | 276.45M | 369.17M | 252.61M | -113.63M | 628.21M | 618.57M | 249.84M | 280.27M | 233.55M | 157.79M | -133.55M | 542.00K | 78.59M | 95.80M | 86.40M | 45.00M | 56.40M | 33.40M | 37.70M | 44.90M | 17.70M | 11.80M | 20.10M | 15.70M | 8.90M | 7.30M | 1.90M |
| Operating Income Ratio | 18.53% | 7.44% | -6.82% | -22.29% | -1.53% | 2.14% | 3.63% | 14.32% | 16.02% | 10.87% | 11.00% | 13.49% | 10.51% | 16.59% | 12.21% | -5.99% | 25.30% | 24.56% | 11.36% | 12.39% | 11.16% | 8.91% | -9.56% | 0.05% | 14.99% | 22.49% | 20.62% | 12.27% | 16.41% | 11.94% | 16.05% | 19.60% | 7.87% | 15.32% | 20.55% | 22.59% | 21.87% | 20.62% | 8.41% |
| Total Other Income/Expenses | -275.12M | -151.57M | 3.13B | -273.44M | -191.54M | -47.61M | -132.45M | -175.25M | -118.30M | -117.44M | -114.00M | -92.76M | -86.25M | -73.66M | -53.97M | -159.83M | -56.25M | -65.17M | -63.84M | -56.22M | -51.96M | -40.10M | -182.20M | -51.81M | 53.44M | 75.39M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 2.65B | -148.84M | 3.13B | 1.00B | 2.29B | -7.86M | 87.30M | 629.92M | 742.11M | 440.38M | 361.74M | 312.05M | 190.20M | 295.51M | 198.64M | -161.02M | 571.96M | 553.40M | 186.00M | 224.05M | 181.58M | 117.69M | -182.20M | -51.81M | 53.44M | 188.50M | 172.50M | 104.20M | 114.90M | 70.00M | 80.00M | 120.60M | 90.80M | 55.30M | 94.10M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 16.79% | -1.26% | 24.25% | 10.38% | 24.00% | -0.11% | 1.44% | 11.22% | 13.82% | 8.58% | 8.37% | 10.40% | 7.23% | 13.28% | 9.60% | -8.48% | 23.03% | 21.97% | 8.45% | 9.90% | 8.68% | 6.65% | -13.04% | -4.73% | 10.19% | 44.25% | 41.17% | 28.42% | 33.44% | 25.03% | 34.06% | 52.64% | 40.36% | 71.82% | 96.22% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 552.62M | -47.64M | 684.46M | 168.68M | 486.35M | 122.50M | -313.46M | 169.48M | 152.96M | 116.69M | 77.90M | 53.80M | 41.71M | 27.78M | -3.78M | -102.25M | 166.29M | 160.90M | 38.09M | 58.63M | 58.11M | 42.37M | -56.48M | -24.21M | 12.83M | 18.10M | 15.90M | -9.70M | 13.40M | 7.10M | 8.50M | 14.00M | 3.30M | 1.80M | 3.10M | 2.40M | 2.60M | 2.60M | 1.00M |
| Net Income | 2.00B | -101.20M | 2.42B | 816.03M | 1.79B | -128.18M | 395.27M | 455.69M | 582.77M | 321.18M | 281.02M | 253.39M | 142.03M | 266.79M | 201.64M | -58.77M | 405.67M | 392.50M | 147.92M | 165.41M | 123.48M | 75.32M | -125.72M | -27.59M | 40.61M | 57.30M | 50.40M | 46.70M | 34.50M | 18.60M | 23.60M | 25.60M | 14.40M | 5.70M | 13.80M | 10.90M | 6.00M | 4.70M | 900.00K |
| Net Income Ratio | 12.63% | -0.86% | 18.76% | 8.47% | 18.80% | -1.84% | 6.52% | 8.12% | 10.85% | 6.26% | 6.50% | 8.45% | 5.40% | 11.99% | 9.74% | -3.10% | 16.34% | 15.58% | 6.72% | 7.31% | 5.90% | 4.26% | -9.00% | -2.52% | 7.75% | 13.45% | 12.03% | 12.74% | 10.04% | 6.65% | 10.05% | 11.17% | 6.40% | 7.40% | 14.11% | 15.68% | 14.74% | 13.28% | 3.98% |
| EPS | 147.32 | -7.45 | 176.92 | 55.67 | 129.25 | -9.21 | 25.89 | 31.41 | 41.99 | 22.38 | 22.57 | 25.96 | 14.66 | 27.31 | 20.54 | -5.99 | 40.73 | 40.43 | 15.05 | 16.79 | 12.55 | 7.67 | -14.73 | -3.99 | 7.27 | 10.41 | 9.20 | 8.58 | 6.38 | 3.33 | 4.23 | 4.64 | 2.70 | 1.05 | 2.62 | 2.29 | 1.37 | 1.27 | 0.22 |
| EPS Diluted | 146.98 | -7.45 | 176.51 | 55.63 | 129.07 | -9.21 | 25.81 | 31.27 | 41.74 | 22.27 | 22.48 | 25.89 | 14.60 | 27.27 | 20.52 | -5.99 | 40.64 | 39.40 | 14.80 | 16.41 | 12.31 | 7.65 | -14.73 | -3.99 | 7.20 | 10.17 | 8.92 | 8.30 | 6.15 | 3.33 | 4.23 | 4.64 | 2.70 | 1.05 | 2.62 | 2.29 | 1.37 | 1.27 | 0.22 |
| Weighted Avg Shares Out | 13.35M | 13.58M | 13.77M | 13.81M | 13.86M | 13.92M | 13.96M | 14.01M | 13.98M | 13.98M | 12.54M | 9.67M | 9.69M | 9.77M | 9.82M | 9.81M | 9.96M | 9.71M | 9.83M | 9.85M | 9.84M | 9.82M | 8.53M | 6.92M | 5.59M | 5.50M | 5.48M | 5.62M | 5.61M | 5.59M | 5.58M | 5.52M | 5.33M | 5.43M | 5.27M | 4.72M | 4.31M | 3.62M | 3.64M |
| Weighted Avg Shares Out (Dil) | 13.38M | 13.58M | 13.80M | 13.82M | 13.88M | 13.92M | 14.01M | 14.08M | 14.06M | 14.06M | 12.59M | 9.76M | 9.73M | 9.78M | 9.83M | 9.81M | 9.98M | 9.96M | 9.99M | 10.08M | 10.03M | 9.85M | 8.53M | 6.92M | 5.64M | 5.63M | 5.65M | 5.63M | 5.63M | 5.59M | 5.58M | 5.52M | 5.33M | 5.43M | 5.27M | 4.72M | 4.31M | 3.62M | 3.64M |
Markel Group announces chief financial officer transition
RICHMOND, Va. , Dec. 18, 2023 /PRNewswire/ -- Markel Group Inc. (NYSE: MKL) announced that Brian Costanzo, currently the Chief Financial Officer of its insurance business, Markel, has been appointed Chief Financial Officer of Markel Group, effective today.
Markel appoints Lisa Mitchell as Head of Claims in Australia
MELBOURNE, Australia , Dec. 18, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), announced the completion of the leadership team in Australia with the appointment of Lisa Mitchell as Head of Claims. Mitchell joins Markel...
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LONDON , Dec. 14, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has launched a Specialty practice within its International Wholesale division which will be spearheaded by Tom Hillier as Divisional Managing Director. This is...
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Markel's Q3 earnings report showed worse than expected insurance results, causing the stock to drop over 12%. The Insurance segment, historically the best performing segment, experienced a slowdown in growth due to divergent pricing trends and discontinuation of a program....
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Markel hires Isaac Meek to lead the cyber portfolio in Middle East and North Africa
DUBAI , UAE, Dec. 4, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has hired Isaac Meek as a Cyber Senior Underwriter. Meek's arrival exemplifies Markel's long-term commitment to recruiting high-level underwriting talent, so that...
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Markel announces Bob Cox, President and COO, will leave the company at the end of 2023; company provides update on leadership structure
RICHMOND, Va., Nov. 30, 2023 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), announced today that Bob Cox, President and Chief Operating Officer, Global Insurance Operations, will be leaving his role December 31, after five years leading...
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