Income Statement - MARKEL GROUP INC. (MKL)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 16,589.31 | 16,750.20 | 15,713.59 | 11,813.17 | 12,918.33 | 9,639.21 | 9,519.56 | 6,949.81 | 6,064.80 | 5,610.77 | 5,369.98 | 5,133.67 | 4,323.08 | 3,000.11 | 2,629.95 | 2,225.39 | 2,069.33 | 1,976.58 | 2,483.26 | 2,519.01 |
| Cost of revenue | 5,079.85 | 7,477.12 | 7,632.78 | 8,407.68 | 7,025.40 | 6,257.24 | 4,667.37 | 4,304.94 | 4,218.74 | 3,249.11 | 2,752.46 | 2,920.22 | 2,338.47 | 1,584.38 | 1,723.16 | 1,372.12 | 992.86 | 1,269.03 | 1,852.90 | 1,900.43 |
| Gross profit | 11,509.47 | 9,273.08 | 8,080.81 | 3,405.49 | 5,892.93 | 3,381.97 | 4,852.19 | 2,644.87 | 1,846.06 | 2,361.67 | 2,617.53 | 2,213.45 | 1,984.62 | 1,415.74 | 906.79 | 853.27 | 1,076.46 | 707.56 | 630.35 | 618.57 |
| Total operating expenses | 8,776.76 | 5,635.38 | 5,427.10 | 3,557.05 | 2,763.10 | 2,381.52 | 2,566.39 | 2,652.72 | 1,758.77 | 1,731.75 | 1,875.42 | 1,773.07 | 1,622.87 | 1,103.69 | 716.59 | 557.76 | 877.83 | 867.39 | 58.40 | 65.17 |
| Operating income | 2,732.71 | 3,637.70 | 2,653.71 | -151.57 | 3,129.83 | 1,000.45 | 2,285.81 | -7.86 | 87.30 | 629.92 | 742.11 | 440.38 | 361.74 | 312.05 | 190.20 | 295.51 | 198.64 | -159.83 | 571.96 | 553.40 |
| Non-operating income (net) | 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 |
| Income before tax | 2,732.71 | 3,637.70 | 2,653.71 | -151.57 | 3,129.83 | 1,000.45 | 2,285.81 | -7.86 | 87.30 | 629.92 | 742.11 | 440.38 | 361.74 | 312.05 | 190.20 | 295.51 | 198.64 | -159.83 | 571.96 | 553.40 |
| Income tax expense | 580.30 | 790.29 | 552.62 | -48.21 | 683.96 | 168.68 | 486.35 | 122.50 | -313.46 | 169.48 | 152.96 | 116.69 | 77.90 | 53.80 | 41.71 | 27.78 | -3.78 | -101.40 | 166.29 | 160.90 |
| Net income | 2,107.01 | 2,747.02 | 1,996.06 | -216.28 | 2,423.14 | 816.03 | 1,790.47 | -128.18 | 395.27 | 455.69 | 582.77 | 321.18 | 281.02 | 253.39 | 142.03 | 266.79 | 201.64 | -58.77 | 405.67 | 392.50 |
Show Quarterly Income Statement
Income Statement - MARKEL GROUP INC. (MKL)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 3,550.61 | 4,220.01 | 4,386.71 | 4,410.86 | 3,326.47 | 3,841.00 | 4,499.65 | 3,710.55 | 4,518.16 | 4,561.13 | 3,414.43 | 4,127.56 | 3,610.46 | 4,210.75 | 3,066.15 | 1,792.21 | 2,606.24 | 3,758.11 | 2,687.35 | 3,500.77 | 2,900.19 | 3,261.11 | 2,843.68 | 3,104.91 | 433.95 | 2,525.70 | 2,086.54 | 2,462.96 | 2,448.73 | 1,084.02 | 2,240.89 | 2,073.17 | 1,553.36 | 1,662.27 | 1,507.92 | 1,482.37 | 1,411.85 | 1,428.63 | 1,431.28 | 1,375.94 | 1,376.18 | 1,420.46 | 1,342.76 | 1,304.61 | 1,302.15 | 1,335.76 | 1,299.29 | 1,258.97 | 1,239.66 | 1,279.79 | 1,191.67 | 1,031.77 | 819.86 | 807.96 | 765.78 | 693.25 | 733.14 | 685.10 | 676.09 | 647.17 | 621.59 | 611.91 | 561.35 | 515.41 | 536.72 | 608.09 | 500.35 | 522.43 | 495.18 | 357.62 | 415.62 | 604.97 | 520.12 | 584.95 | 619.46 | 659.91 | 618.94 | 650.17 | 634.41 | 614.79 | 619.63 |
| Cost of revenue | 1,166.82 | 1,283.32 | 1,975.54 | 1,962.62 | 1,822.29 | 1,241.82 | 1,899.93 | 1,843.64 | 1,824.59 | 2,189.32 | 2,011.14 | 1,778.69 | 1,653.63 | 2,485.41 | 583.99 | 605.38 | 591.78 | 1,586.97 | 1,518.00 | 1,363.32 | 1,406.66 | 1,350.54 | 1,385.48 | 998.16 | 1,293.90 | 950.11 | 905.49 | 848.92 | 862.35 | 869.57 | 868.87 | 729.03 | 747.55 | 690.50 | 1,075.43 | 522.98 | 611.72 | 507.56 | 584.98 | 521.58 | 484.24 | 486.05 | 493.99 | 542.14 | 456.65 | 498.94 | 584.45 | 625.75 | 556.16 | 602.88 | 549.62 | 449.85 | 295.45 | 340.99 | 303.46 | 221.09 | 288.52 | 282.34 | 306.63 | 306.68 | 314.33 | 209.98 | 224.84 | 251.24 | 260.17 | 215.98 | 237.33 | 286.14 | 253.41 | 240.02 | 456.17 | 292.69 | 459.89 | 452.70 | 467.31 | 471.55 | 461.34 | 467.12 | 473.35 | 467.07 | 492.89 |
| Gross profit | 2,383.79 | 2,936.69 | 2,411.18 | 2,448.24 | 1,504.18 | 2,599.19 | 2,599.72 | 1,866.92 | 2,693.57 | 2,371.82 | 1,403.30 | 2,348.87 | 1,956.83 | 1,448.22 | 2,482.16 | 1,293.56 | 2,014.46 | 2,171.14 | 1,169.36 | 3,479.50 | 2,921.35 | 1,910.58 | 1,458.19 | 2,106.75 | -859.96 | 1,575.59 | 1,181.05 | 1,614.04 | 1,586.38 | 214.45 | 1,372.02 | 1,344.14 | 805.81 | 971.77 | 432.49 | 959.39 | 800.13 | 921.06 | 846.30 | 854.36 | 891.94 | 934.41 | 848.78 | 762.46 | 845.50 | 836.82 | 714.83 | 633.22 | 683.50 | 676.91 | 642.05 | 581.92 | 524.41 | 466.96 | 462.32 | 472.15 | 444.61 | 402.76 | 369.46 | 340.49 | 307.27 | 401.92 | 336.51 | 264.18 | 276.55 | 392.11 | 263.02 | 236.29 | 241.77 | 117.60 | -40.56 | 312.28 | 60.23 | 132.25 | 152.14 | 188.36 | 157.60 | 183.05 | 161.06 | 147.72 | 126.74 |
| Total operating expenses | 2,657.12 | 2,202.53 | 1,432.73 | 1,585.88 | 1,346.43 | 1,875.67 | 1,393.37 | 1,500.82 | 1,351.83 | 1,365.01 | 1,335.79 | 1,441.00 | 1,285.30 | 3,155.16 | 2,993.40 | 2,971.38 | 2,648.38 | 2,580.92 | 2,445.67 | 2,421.50 | 2,154.84 | 897.51 | 874.12 | 931.38 | 912.10 | 934.58 | 919.12 | 963.85 | 853.70 | 1,144.91 | 852.99 | 983.40 | 762.97 | 828.11 | 792.44 | 749.85 | 706.08 | 740.85 | 726.82 | 738.47 | 677.60 | 684.79 | 696.09 | 662.18 | 605.98 | 670.26 | 611.35 | 578.86 | 567.51 | 570.74 | 549.91 | 536.26 | 406.62 | 401.06 | 409.83 | 353.03 | 370.07 | 327.89 | 302.30 | 303.77 | 295.82 | 290.19 | 245.22 | 234.27 | 213.98 | 297.99 | 221.00 | 195.88 | 217.68 | 199.22 | 198.37 | 199.20 | 13.78 | 13.82 | 14.20 | 14.93 | 15.45 | 17.36 | 16.44 | 15.64 | 15.74 |
| Operating income | -273.33 | 734.16 | 978.44 | 862.36 | 157.75 | 723.52 | 1,206.35 | 366.09 | 1,341.74 | 1,006.81 | 67.50 | 907.87 | 671.53 | 1,055.59 | 72.74 | -1,179.17 | -42.15 | 1,177.19 | 241.69 | 1,079.27 | 745.36 | 1,013.06 | 584.07 | 1,175.37 | -1,772.06 | 641.01 | 261.93 | 650.19 | 732.68 | -930.46 | 519.03 | 360.74 | 42.84 | 143.65 | -359.95 | 209.55 | 94.04 | 180.21 | 119.48 | 115.89 | 214.34 | 249.62 | 152.68 | 100.29 | 239.52 | 166.56 | 103.48 | 54.36 | 115.98 | 106.16 | 92.13 | 45.66 | 117.79 | 65.90 | 52.49 | 119.13 | 74.54 | 74.87 | 67.16 | 36.71 | 11.45 | 111.73 | 91.30 | 29.91 | 62.57 | 94.12 | 42.02 | 40.41 | 24.09 | -81.62 | -238.93 | 113.08 | 46.45 | 118.43 | 137.95 | 173.43 | 142.16 | 165.69 | 144.63 | 132.09 | 111.00 |
| Non-operating income (net) | 3.39 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -154.12 | 67.78 | 56.68 | -26.20 | -37.57 | 2.40 | -58.83 | -17.31 | 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 | 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 |
| Income before tax | -269.94 | 734.16 | 978.44 | 862.36 | 157.75 | 723.52 | 1,206.35 | 366.09 | 1,341.74 | 1,006.81 | 67.50 | 907.87 | 671.53 | 901.47 | 140.53 | -1,122.49 | -68.34 | 1,139.61 | 244.08 | 1,020.45 | 728.05 | 1,013.06 | 584.07 | 1,175.37 | -1,772.06 | 641.01 | 261.93 | 650.19 | 732.68 | -930.46 | 519.03 | 360.74 | 42.84 | 143.65 | -359.95 | 209.55 | 94.04 | 180.21 | 119.48 | 115.89 | 214.34 | 249.62 | 152.68 | 100.29 | 239.52 | 166.56 | 103.48 | 54.36 | 115.98 | 106.16 | 92.13 | 45.66 | 117.79 | 65.90 | 52.49 | 119.13 | 74.54 | 74.87 | 67.16 | 36.71 | 11.45 | 111.73 | 91.30 | 29.91 | 62.57 | 94.12 | 42.02 | 40.41 | 24.09 | -81.62 | -238.93 | 113.08 | 46.45 | 118.43 | 137.95 | 173.43 | 142.16 | 165.69 | 144.63 | 132.09 | 111.00 |
| Income tax expense | -65.58 | 152.07 | 214.66 | 185.17 | 28.40 | 162.08 | 259.41 | 76.24 | 292.56 | 212.71 | 14.24 | 191.94 | 133.73 | 287.17 | 18.00 | -239.10 | -18.43 | 264.56 | 54.42 | 217.11 | 148.37 | 165.64 | 130.03 | 243.70 | -370.68 | 129.50 | 57.98 | 143.71 | 155.16 | -177.08 | 110.00 | 81.15 | 108.43 | -295.67 | -98.91 | 58.12 | 23.00 | 47.51 | 36.06 | 35.22 | 50.69 | 51.34 | 48.27 | 7.83 | 45.52 | 48.34 | 26.66 | 13.22 | 28.48 | 7.23 | 25.17 | 16.98 | 28.53 | 7.80 | 0.81 | 28.36 | 16.83 | 22.57 | 12.49 | 5.07 | 1.59 | -28.72 | 28.14 | 9.00 | 19.36 | -0.02 | -17.19 | 7.38 | 7.66 | -48.91 | -96.64 | 30.84 | 12.46 | 24.99 | 45.59 | 52.23 | 43.48 | 44.31 | 40.53 | 41.66 | 34.41 |
| Net income | -212.29 | 576.81 | 751.34 | 657.15 | 121.71 | 549.18 | 904.96 | 267.70 | 1,025.18 | 769.31 | 42.59 | 695.51 | 488.65 | 709.57 | 122.53 | -883.39 | -49.91 | 881.04 | 189.67 | 803.33 | 573.69 | 847.30 | 452.73 | 921.77 | -1,405.76 | 511.10 | 205.64 | 497.30 | 576.43 | -751.54 | 409.44 | 278.23 | -64.31 | 434.88 | -259.14 | 149.66 | 69.87 | 132.73 | 83.80 | 78.80 | 160.37 | 197.89 | 102.52 | 91.37 | 190.99 | 117.60 | 75.80 | 40.07 | 87.72 | 98.76 | 65.60 | 27.76 | 88.90 | 56.79 | 49.65 | 89.69 | 57.25 | 50.18 | 53.26 | 30.31 | 8.27 | 140.14 | 63.25 | 20.83 | 42.57 | 93.36 | 59.13 | 32.80 | 16.36 | -32.71 | -142.29 | 82.24 | 33.99 | 93.44 | 92.35 | 121.20 | 98.67 | 121.38 | 104.10 | 90.43 | 76.59 |