Markel Group Inc. (BMV:MKL)

Markel Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	8,554	8,432	8,295	7,588	6,503	5,612
Total Interest & Dividend Income	956.47	920.5	734.53	446.76	367.42	375.83
Gain (Loss) on Sale of Investments	981.46	1,807	1,524	-1,596	1,979	617.98
Other Revenue	5,718	5,461	5,250	5,237	3,997	3,129
Total Revenue	16,210	16,621	15,804	11,675	12,846	9,735
Revenue Growth (YoY)	-6.96%	5.17%	35.36%	-9.12%	31.96%	2.19%
Policy Benefits	5,038	5,053	5,322	4,446	3,581	3,467
Policy Acquisition & Underwriting Costs	3,089	2,977	2,841	2,516	2,294	2,018
Amortization of Goodwill & Intangibles	188.71	181.47	180.61	178.78	160.54	159.32
Other Operating Expenses	4,899	4,697	4,531	4,549	3,569	2,817
Total Operating Expenses	13,215	12,908	12,875	11,689	9,605	8,461
Operating Income	2,995	3,713	2,929	-13.34	3,242	1,274
Interest Expense	-208.69	-204.3	-185.08	-196.06	-183.58	-177.58
Currency Exchange Gain (Loss)	-64.42	129.44	-90.05	137.83	71.9	-95.85
EBT Excluding Unusual Items	2,722	3,638	2,654	-71.57	3,130	1,000
Impairment of Goodwill	-	-	-	-80	-	-
Pretax Income	2,722	3,638	2,654	-151.57	3,130	1,000
Income Tax Expense	590.31	790.29	552.62	-48.21	683.96	168.68
Earnings From Continuing Ops.	2,132	2,847	2,101	-103.36	2,446	831.77
Minority Interest in Earnings	-52.38	-100.38	-105.03	-112.92	-22.73	-15.74
Net Income	2,079	2,747	1,996	-216.28	2,423	816.03
Preferred Dividends & Other Adjustments	267.07	147.7	29.79	105.9	-10.87	47.11
Net Income to Common	1,812	2,599	1,966	-322.17	2,434	768.93
Net Income Growth	-29.92%	37.62%	-	-	196.94%	-54.42%
Shares Outstanding (Basic)	13	13	13	14	14	14
Shares Outstanding (Diluted)	13	13	13	14	14	14
Shares Change (YoY)	-2.78%	-2.52%	-1.49%	-1.59%	-0.17%	-0.42%
EPS (Basic)	142.27	199.69	147.32	-23.72	176.79	55.67
EPS (Diluted)	142.27	199.32	146.98	-23.72	176.38	55.63
EPS Growth	-34.41%	35.61%	-	-	217.06%	-56.90%
Free Cash Flow	2,375	2,339	2,528	2,455	2,129	1,636
Free Cash Flow Per Share	186.01	179.36	188.98	180.76	154.26	118.37
Operating Margin	18.48%	22.34%	18.53%	-0.11%	25.23%	13.09%
Profit Margin	11.18%	15.64%	12.44%	-2.76%	18.95%	7.90%
Free Cash Flow Margin	14.65%	14.07%	16.00%	21.02%	16.57%	16.81%
EBITDA	3,345	4,055	3,249	296.11	3,578	1,581
EBITDA Margin	20.63%	24.40%	20.56%	2.54%	27.85%	16.24%
D&A For EBITDA	349.59	342.36	319.73	309.45	336.39	307.07
EBIT	2,995	3,713	2,929	-13.34	3,242	1,274
EBIT Margin	18.48%	22.34%	18.53%	-0.11%	25.23%	13.09%
Effective Tax Rate	21.69%	21.73%	20.82%	-	21.85%	16.86%
Revenue as Reported	16,621	16,621	15,804	11,675	12,846	9,735

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.