Markel Corporation (MKL) Income Statement Analysis

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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)

Industry: Insurance - Property & Casualty

Sector: Financial Services

Website: https://www.markel.com

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 (MKL) Up 7% Since Last Earnings Report: Can It Continue?

March 1, 2024zacks.com

Markel Group (MKL) reported earnings 30 days ago. What's next for the stock?

Here's Why Hold Strategy is Apt for Markel Group (MKL) Now

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Markel Group (MKL) is poised to gain from rate increases, strategic buyouts, new business volume, solid capital position and favorable growth estimates.

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February 26, 2024prnewswire.com

RICHMOND, Va. , Feb. 26, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE: MKL) announced that Mike Heaton will become Executive Vice President and Chief Operating Officer effective today.

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