Markel Group Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 5, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	138,362	149,309	137,325	91,073	93,683	93,976
Market Cap Growth	0.38%	8.73%	50.79%	-2.79%	-0.31%	27.11%
Enterprise Value	142,487	153,661	147,985	93,643	102,988	100,533
PE Ratio	12.07	13.03	8.54	9.55	-	6.93
PS Ratio	1.51	1.63	1.34	1.19	1.52	1.31
PB Ratio	1.35	1.46	1.27	1.21	1.29	1.11
P/FCF Ratio	-	-	9.49	7.42	7.22	7.92
P/OCF Ratio	-	-	8.56	6.74	6.54	7.42
EV/Sales Ratio	1.65	1.68	1.44	1.22	1.67	1.41
EV/EBITDA Ratio	8.07	8.24	5.90	5.94	65.79	5.04
EV/EBIT Ratio	8.54	8.73	6.45	6.59	-	5.57
EV/FCF Ratio	-	-	10.23	7.63	7.94	8.48
Debt / Equity Ratio	0.23	0.23	0.29	0.29	0.34	0.32
Debt / EBITDA Ratio	1.27	1.27	1.20	1.31	11.03	1.34
Debt / FCF Ratio	-	-	2.16	1.76	1.90	2.32
Quick Ratio	-	-	1.14	1.27	1.42	1.36
Current Ratio	-	-	2.95	2.93	3.19	3.11
Asset Turnover	-	-	0.28	0.30	0.24	0.28
Return on Equity (ROE)	11.94%	11.94%	17.26%	14.36%	-0.71%	17.31%
Return on Assets (ROA)	-	-	3.97%	3.49%	-0.02%	4.49%
Return on Invested Capital (ROIC)	11.00%	11.09%	13.68%	12.09%	-0.07%	13.60%
Earnings Yield	8.28%	7.77%	12.37%	10.63%	-1.22%	14.37%
FCF Yield	-	-	10.54%	13.47%	13.85%	12.62%
Payout Ratio	-	-	1.31%	1.80%	-	1.49%
Buyback Yield / Dilution	5.71%	5.71%	2.52%	1.49%	1.59%	0.17%

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