MARKEL GROUP INC. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that MARKEL GROUP INC. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $15.51B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $14.81B | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $14.28B | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $11.68B | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $12.85B | Feb 23, 2024 |
| FY2020 | Dec 31, 2020 | $3.36B | Feb 19, 2021 |
| FY2020 | Sep 30, 2020 | $2.91B | Feb 19, 2021 |
| FY2020 | Jun 30, 2020 | $3.13B | Feb 19, 2021 |
| FY2020 | Mar 31, 2020 | $335.67M | Feb 19, 2021 |
| FY2020 | Dec 31, 2019 | $2.58B | Feb 19, 2021 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $5.24B | Feb 17, 2023 |
| FY2022 | Dec 31, 2021 | $4.00B | Feb 17, 2023 |
| FY2022 | Dec 31, 2020 | $3.13B | Feb 17, 2023 |
| FY2021 | Dec 31, 2019 | $2.42B | Feb 18, 2022 |
| FY2020 | Dec 31, 2018 | $2.13B | Feb 19, 2021 |
| FY2019 | Dec 31, 2017 | $1.41B | Feb 21, 2020 |
| FY2018 | Dec 31, 2016 | $1.31B | Feb 28, 2019 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.11B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $2.75B | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $2.00B | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | ($216.28M) | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $2.42B | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $816.03M | Feb 17, 2023 |
| FY2019 | Dec 31, 2019 | $511.10M | Feb 21, 2020 |
| FY2019 | Sep 30, 2019 | $205.64M | Feb 21, 2020 |
| FY2019 | Jun 30, 2019 | $497.30M | Feb 21, 2020 |
| FY2019 | Mar 31, 2019 | $576.43M | Feb 21, 2020 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.19B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $3.71B | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $2.93B | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | ($93.34M) | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $3.24B | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $1.27B | Feb 17, 2023 |
| FY2021 | Dec 31, 2019 | $2.48B | Feb 18, 2022 |
| FY2020 | Dec 31, 2018 | $39.76M | Feb 19, 2021 |
| FY2019 | Dec 31, 2017 | $216.61M | Feb 21, 2020 |
| FY2018 | Dec 31, 2016 | $805.17M | Feb 28, 2019 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.76B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $2.59B | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $2.79B | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $2.71B | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $2.27B | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $1.74B | Feb 17, 2023 |
| FY2021 | Dec 31, 2019 | $1.27B | Feb 18, 2022 |
| FY2020 | Dec 31, 2018 | $892.86M | Feb 19, 2021 |
| FY2019 | Dec 31, 2017 | $858.53M | Feb 21, 2020 |
| FY2018 | Dec 31, 2016 | $534.62M | Feb 28, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $206.89M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $254.99M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $258.62M | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $254.71M | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $145.25M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $101.30M | Feb 17, 2023 |
| FY2021 | Dec 31, 2019 | $123.38M | Feb 18, 2022 |
| FY2020 | Dec 31, 2018 | $106.59M | Feb 19, 2021 |
| FY2019 | Dec 31, 2017 | $74.65M | Feb 21, 2020 |
| FY2018 | Dec 31, 2016 | $63.67M | Feb 28, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $68.91B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $61.90B | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $55.05B | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $49.79B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $48.48B | Feb 17, 2023 |
| FY2021 | Dec 31, 2020 | $41.71B | Feb 18, 2022 |
| FY2020 | Dec 31, 2019 | $37.47B | Feb 19, 2021 |
| FY2019 | Dec 31, 2018 | $33.31B | Feb 21, 2020 |
| FY2019 | Dec 31, 2017 | $32.81B | Feb 21, 2020 |
| FY2018 | Dec 31, 2016 | $25.88B | Feb 28, 2019 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $49.80B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $44.43B | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $39.52B | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $36.05B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $33.28B | Feb 17, 2023 |
| FY2021 | Dec 31, 2020 | $28.65B | Feb 18, 2022 |
| FY2020 | Dec 31, 2019 | $26.22B | Feb 19, 2021 |
| FY2019 | Dec 31, 2018 | $24.03B | Feb 21, 2020 |
| FY2018 | Dec 31, 2017 | $23.14B | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $17.33B | Feb 23, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $18.60B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $16.92B | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $14.98B | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $13.15B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $14.72B | Feb 17, 2023 |
| FY2021 | Dec 31, 2020 | $12.80B | Feb 18, 2022 |
| FY2020 | Dec 31, 2019 | $11.07B | Feb 19, 2021 |
| FY2019 | Dec 31, 2018 | $9.08B | Feb 21, 2020 |
| FY2018 | Dec 31, 2017 | $9.50B | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $8.46B | Feb 23, 2018 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.82B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $2.74B | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $2.62B | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $2.64B | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $2.90B | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $2.60B | Feb 17, 2023 |
| FY2021 | Dec 31, 2019 | $2.31B | Feb 18, 2022 |
| FY2020 | Dec 31, 2018 | $2.24B | Feb 19, 2021 |
| FY2019 | Dec 31, 2017 | $1.78B | Feb 21, 2020 |
| FY2018 | Dec 31, 2016 | $1.14B | Feb 28, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $15.03B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $13.38B | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $11.35B | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $9.83B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $10.45B | Feb 17, 2023 |
| FY2021 | Dec 31, 2020 | $8.20B | Feb 18, 2022 |
| FY2020 | Dec 31, 2019 | $7.46B | Feb 19, 2021 |
| FY2019 | Dec 31, 2018 | $5.78B | Feb 21, 2020 |
| FY2018 | Dec 31, 2017 | $3.78B | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $3.53B | Feb 23, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.96B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $3.69B | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $3.75B | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $4.14B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $3.98B | Feb 17, 2023 |
| FY2021 | Dec 31, 2020 | $4.34B | Feb 18, 2022 |
| FY2020 | Dec 31, 2019 | $3.07B | Feb 19, 2021 |
| FY2019 | Dec 31, 2018 | $2.01B | Feb 21, 2020 |
| FY2018 | Dec 31, 2017 | $2.20B | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $1.74B | Feb 23, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.30B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $4.33B | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $3.78B | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $4.10B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $4.36B | Feb 17, 2023 |
| FY2021 | Dec 31, 2020 | $3.48B | Feb 18, 2022 |
| FY2020 | Dec 31, 2019 | $3.53B | Feb 19, 2021 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 169 | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | 199 | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | 147 | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | (23) | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | 176 | Feb 23, 2024 |
| FY2020 | Dec 31, 2020 | 59 | Feb 19, 2021 |
| FY2020 | Sep 30, 2020 | 31 | Feb 19, 2021 |
| FY2020 | Jun 30, 2020 | 65 | Feb 19, 2021 |
| FY2020 | Mar 31, 2020 | (100) | Feb 19, 2021 |
| FY2020 | Dec 31, 2019 | 36 | Feb 19, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 169 | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | 199 | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | 146 | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | (23) | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | 176 | Feb 23, 2024 |
| FY2020 | Dec 31, 2020 | 59 | Feb 19, 2021 |
| FY2020 | Sep 30, 2020 | 31 | Feb 19, 2021 |
| FY2020 | Jun 30, 2020 | 65 | Feb 19, 2021 |
| FY2020 | Mar 31, 2020 | (100) | Feb 19, 2021 |
| FY2020 | Dec 31, 2019 | 36 | Feb 19, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2019 | Dec 31, 2019 | 13.79M | Feb 21, 2020 |
| FY2019 | Dec 31, 2018 | 13.89M | Feb 21, 2020 |
| FY2018 | Dec 31, 2017 | 13.90M | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | 13.95M | Feb 23, 2018 |
| FY2016 | Dec 31, 2015 | 13.96M | Feb 24, 2017 |
| FY2015 | Dec 31, 2014 | 13.96M | Feb 26, 2016 |
| FY2014 | Dec 31, 2013 | 13.99M | Feb 27, 2015 |
| FY2013 | Dec 31, 2012 | 9.63M | Feb 28, 2014 |
| FY2012 | Dec 31, 2011 | 9.62M | Feb 28, 2013 |
| FY2011 | Dec 31, 2010 | 9.72M | Feb 28, 2012 |