Markel Corporation (MKL)

Markel Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	16,627	15,804	11,675	12,846	9,735	9,526
Revenue Growth (YoY)	30.79%	35.36%	-9.12%	31.96%	2.19%	39.25%
Cost of Revenue	10,032	9,853	8,994	7,151	6,284	5,022
Gross Profit	6,595	5,950	2,681	5,696	3,451	4,504
Selling, General & Admin	2,904	2,841	2,516	2,294	2,018	1,878
Other Operating Expenses	180.5	180.61	258.78	160.54	159.32	148.64
Operating Expenses	3,084	3,021	2,774	2,454	2,177	2,027
Operating Income	3,511	2,929	-93.34	3,242	1,274	2,477
Interest Expense / Income	181.19	185.08	196.06	183.58	177.58	171.69
Other Expense / Income	85.5	195.08	-24.91	-49.17	111.59	28.85
Pretax Income	3,244	2,549	-264.49	3,107	984.71	2,277
Income Tax	711.44	552.62	-48.21	683.96	168.68	486.35
Net Income	2,533	1,996	-216.28	2,423	816.03	1,790
Preferred Dividends	36	36	36	36	18.4	0
Net Income Common	2,497	1,960	-252.28	2,387	797.63	1,790
Net Income Growth	766.52%	-	-	199.28%	-55.45%	-
Shares Outstanding (Basic)	13	13	13	14	14	14
Shares Change	-2.23%	-1.72%	-1.59%	-0.80%	-0.25%	-0.52%
EPS (Basic)	185.37	147.32	-23.72	176.79	55.67	129.25
EPS (Diluted)	184.95	146.98	-23.72	176.38	55.63	129.07
EPS Growth	821.07%	-	-	217.06%	-56.90%	-
Free Cash Flow	2,840	2,528	2,455	2,129	1,636	1,151
Free Cash Flow Per Share	216.62	191.26	182.50	155.75	118.76	83.31
Gross Margin	39.66%	37.65%	22.96%	44.34%	35.45%	47.28%
Operating Margin	21.11%	18.53%	-0.80%	25.23%	13.09%	26.01%
Profit Margin	15.02%	12.40%	-2.16%	18.58%	8.19%	18.80%
Free Cash Flow Margin	17.08%	16.00%	21.02%	16.57%	16.81%	12.08%
Effective Tax Rate	21.93%	21.68%	-	22.01%	17.13%	21.36%
EBITDA	3,685	2,994	298.53	3,627	1,469	2,718
EBITDA Margin	22.16%	18.94%	2.56%	28.23%	15.09%	28.53%
Depreciation & Amortization	259.92	259.92	366.95	336.39	307.07	269.24
EBIT	3,425	2,734	-68.42	3,291	1,162	2,448
EBIT Margin	20.60%	17.30%	-0.59%	25.62%	11.94%	25.70%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).