FY2025 · ended Dec 31, 2025 · Revenue $15.51B, +4.7% YoY · Filed Feb 26, 2026
Markel Group Inc. (MKL) files with the SEC under industry code 6331, Fire, Marine & Casualty Insurance. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $15.5 billion and net income of $2.1 billion. Free cash flow was $2.6 billion. As of Sep 30, 2026 it held $20.9 billion in cash and investments and $4.4 billion in total debt.
Revenue (TTM)
$15.74B
+3.3% vs year-ago TTM
Net income (TTM)
$1.79B
-13.8% vs year-ago TTM
Operating cash flow (TTM)
$2.05B
-20.8% vs year-ago TTM
Free cash flow (TTM)
$1.80B
-24.1% vs year-ago TTM
EPS (TTM)
$143.00
-10.3% vs year-ago TTM
Dividend per share
None
Shares outstanding
12.58M
-1.5% vs prior year
Net cash
$16.54B
as of Sep 30, 2026
Operating margin
15.7%
FY 2026
Company profile
- Industry
- Fire, Marine & Casualty Insurance (SIC 6331)
- Listed as
- MKL (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- VA
- Headquarters
- Glen Allen, VA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1096343
- Former names
- MARKEL CORP (until May 25, 2023); MARKEL HOLDINGS INC (until Jan 26, 2000)
Other Fire, Marine & Casualty Insurance companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $15.5B | $14.8B | $14.3B | $11.7B | $12.8B |
| Operating income | $3.2B | $3.7B | $2.9B | -$93.3M | $3.2B |
| Net income | $2.1B | $2.7B | $2.0B | -$216.3M | $2.4B |
| Diluted EPS | $169.22 | $199.32 | $146.98 | -$23.72 | $176.38 |
| Operating cash flow | $2.8B | $2.6B | $2.8B | $2.7B | $2.3B |
| Free cash flow | $2.6B | $2.3B | $2.5B | $2.5B | $2.1B |
| Total assets | $68.9B | $61.9B | $55.0B | $49.8B | $48.5B |
| Total liabilities | $49.8B | $44.4B | $39.5B | $36.1B | $33.3B |
| Stockholders' equity | $18.6B | $16.9B | $15.0B | $13.2B | $14.7B |
| Cash and investments | $21.8B | $19.4B | $18.1B | $16.0B | $16.6B |
| Total debt | $5.0B | $5.1B | $4.4B | $4.7B | $4.4B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, Regulation FD disclosure
|
Oct 28, 2026 | Oct 27, 2026 |
| 10-Q | Quarterly report | Oct 28, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Officer or director change, Other events
|
Sep 8, 2026 | Sep 3, 2026 |
| 10-Q | Quarterly report | Jul 29, 2026 | Jun 30, 2026 |
| 8-K | Current report | May 22, 2026 | May 20, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
May 20, 2026 | May 20, 2026 |
All 1000 Markel Group Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.