Markel Group Ratios and Metrics

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 19, 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	22,287	23,088	21,446	16,980	16,581	14,831
Market Cap Growth	-2.96%	7.65%	26.30%	2.41%	11.80%	27.43%
Enterprise Value	22,958	23,761	23,111	17,460	18,228	15,866
PE Ratio	12.58	13.03	8.54	9.55	-	6.93
PS Ratio	1.58	1.63	1.34	1.19	1.52	1.31
PB Ratio	1.41	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	1.63	1.68	1.44	1.22	1.67	1.41
EV/EBITDA Ratio	7.99	8.24	5.90	5.94	65.79	5.04
EV/EBIT Ratio	8.47	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
Net Debt / Equity Ratio	0.01	0.01	0.08	0.04	0.04	0.06
Net Debt / EBITDA Ratio	0.07	0.07	0.34	0.21	1.76	0.27
Net Debt / FCF Ratio	-	-	0.58	0.27	0.21	0.45
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	7.95%	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.