Markel Group Inc. (MKL)

Markel Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	8,490	8,295	7,588	6,503	5,612	5,050
Total Interest & Dividend Income	890.1	734.53	446.76	367.42	375.83	447.52
Gain (Loss) on Sale of Investments	2,623	1,524	-1,596	1,979	617.98	1,602
Other Revenue	5,420	5,250	5,237	3,997	3,129	2,427
Total Revenue	17,422	15,804	11,675	12,846	9,735	9,526
Revenue Growth (YoY)	13.34%	35.36%	-9.12%	31.96%	2.19%	39.25%
Policy Benefits	5,368	5,322	4,446	3,581	3,467	2,891
Policy Acquisition & Underwriting Costs	2,962	2,841	2,516	2,294	2,018	1,878
Amortization of Goodwill & Intangibles	179.23	180.61	178.78	160.54	159.32	148.64
Other Operating Expenses	4,665	4,531	4,549	3,569	2,817	2,131
Total Operating Expenses	13,173	12,875	11,689	9,605	8,461	7,049
Operating Income	4,249	2,929	-13.34	3,242	1,274	2,477
Interest Expense	-195.37	-185.08	-196.06	-183.58	-177.58	-171.69
Currency Exchange Gain (Loss)	-132.79	-90.05	137.83	71.9	-95.85	-2.27
EBT Excluding Unusual Items	3,921	2,654	-71.57	3,130	1,000	2,303
Impairment of Goodwill	-	-	-80	-	-	-
Other Unusual Items	-	-	-	-	-	-17.59
Pretax Income	3,921	2,654	-151.57	3,130	1,000	2,286
Income Tax Expense	840.92	552.62	-48.21	683.96	168.68	486.35
Earnings From Continuing Ops.	3,080	2,101	-103.36	2,446	831.77	1,799
Minority Interest in Earnings	-112.92	-105.03	-112.92	-22.73	-15.74	-9
Net Income	2,967	1,996	-216.28	2,423	816.03	1,790
Preferred Dividends & Other Adjustments	118.14	29.79	105.9	-10.87	47.11	-1.11
Net Income to Common	2,849	1,966	-322.17	2,434	768.93	1,792
Net Income Growth	54.67%	-	-	196.94%	-54.42%	-
Shares Outstanding (Basic)	13	13	14	14	14	14
Shares Outstanding (Diluted)	13	13	14	14	14	14
Shares Change (YoY)	-2.18%	-1.49%	-1.59%	-0.17%	-0.42%	-0.30%
EPS (Basic)	217.42	147.32	-23.72	176.79	55.67	129.25
EPS (Diluted)	216.91	146.98	-23.72	176.38	55.63	129.07
EPS Growth	54.78%	-	-	217.06%	-56.90%	-
Free Cash Flow	2,638	2,528	2,455	2,129	1,636	1,151
Free Cash Flow Per Share	200.84	188.98	180.76	154.26	118.37	82.90
Operating Margin	24.39%	18.53%	-0.11%	25.23%	13.09%	26.01%
Profit Margin	16.35%	12.44%	-2.76%	18.95%	7.90%	18.81%
Free Cash Flow Margin	15.14%	16.00%	21.02%	16.57%	16.81%	12.08%
EBITDA	4,516	3,189	353.62	3,578	1,581	2,747
EBITDA Margin	25.92%	20.18%	3.03%	27.85%	16.24%	28.83%
D&A For EBITDA	266.8	259.92	366.95	336.39	307.07	269.24
EBIT	4,249	2,929	-13.34	3,242	1,274	2,477
EBIT Margin	24.39%	18.53%	-0.11%	25.23%	13.09%	26.01%
Effective Tax Rate	21.45%	20.82%	-	21.85%	16.86%	21.28%
Revenue as Reported	17,422	15,804	11,675	12,846	9,735	9,526

Source: S&P Capital IQ. Insurance template. Financial Sources.