Markel Group Inc. (MKL)
NYSE: MKL · Real-Time Price · USD
1,869.82
+2.63 (0.14%)
At close: Oct 30, 2026, 4:00 PM EDT
1,872.27
+2.45 (0.13%)
After-hours: Oct 30, 2026, 7:30 PM EDT
Markel Group Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Net Income | 1,793 | 2,107 | 2,747 | 1,996 | -216.28 | 2,423 |
Depreciation & Amortization | 335.77 | 347.92 | 342.36 | 319.73 | 309.45 | 336.39 |
Gain (Loss) on Sale of Assets | - | - | - | - | -225.83 | -22.09 |
Gain (Loss) on Sale of Investments | -1,180 | -1,180 | -1,931 | -1,584 | 1,653 | -1,979 |
Change in Accounts Receivable | -287.91 | -287.91 | -158.55 | -486.31 | -653.26 | -372.49 |
Reinsurance Recoverable | -2,929 | -2,929 | -2,387 | -767.51 | -1,168 | -1,312 |
Change in Unearned Revenue | 1.83 | 1.83 | -136.24 | 101.97 | 615.1 | 622.26 |
Change in Insurance Reserves / Liabilities | 3,974 | 3,974 | 3,251 | 2,443 | 2,339 | 1,990 |
Other Operating Activities | 144.44 | 526.17 | 417.83 | 399.77 | -93.25 | 595.43 |
Operating Cash Flow | 2,053 | 2,761 | 2,594 | 2,787 | 2,709 | 2,274 |
Operating Cash Flow Growth | -20.83% | 6.45% | -6.92% | 2.85% | 19.14% | 30.88% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -251.25 | -206.89 | -254.99 | -258.62 | -254.71 | -145.25 |
Cash Acquisitions | -80.05 | -106.21 | -207.75 | -3.58 | 381.58 | -517.44 |
Investment in Securities | -1,326 | -1,010 | -1,968 | -2,506 | -2,027 | -2,332 |
Other Investing Activities | 68.7 | 133.56 | 32.17 | 64.38 | 28.35 | 16.21 |
Investing Cash Flow | -1,589 | -1,190 | -2,399 | -2,704 | -1,670 | -2,938 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Long-Term Debt Issued | - | 882.83 | 1,434 | 624.97 | 1,034 | 1,199 |
Total Debt Repaid | -1,116 | -912.28 | -896.75 | -949.64 | -1,255 | -486.73 |
Net Debt Issued (Repaid) | 76.03 | -29.45 | 537.46 | -324.66 | -220.95 | 711.78 |
Repurchases of Common Stock | -770.82 | -429.52 | -572.73 | -445.48 | -290.8 | -206.52 |
Repurchases of Preferred Stock | - | -600 | - | - | - | - |
Preferred Dividends Paid | - | -18 | -36 | -36 | -36 | -36 |
Total Dividends Paid | - | -18 | -36 | -36 | -36 | -36 |
Other Financing Activities | -165.77 | -133.08 | -226.61 | -193.57 | -47.56 | -99.49 |
Financing Cash Flow | -860.56 | -1,210 | -297.88 | -999.72 | -595.31 | 369.77 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Foreign Exchange Rate Adjustments | -24.74 | 49.77 | -37.3 | 27.04 | -103.36 | -41.73 |
Net Cash Flow | -421.22 | 411.05 | -139.79 | -889.48 | 340.57 | -335.7 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 1,802 | 2,554 | 2,339 | 2,528 | 2,455 | 2,129 |
Free Cash Flow Growth | -24.15% | 9.21% | -7.48% | 2.99% | 15.31% | 30.10% |
Free Cash Flow Margin | 11.19% | 15.40% | 14.07% | 16.00% | 21.02% | 16.57% |
Free Cash Flow Per Share | 143.73 | 201.96 | 179.36 | 188.98 | 180.76 | 154.26 |
Levered Free Cash Flow | -3,917 | -628.08 | -8.2 | 1,640 | -2,335 | 1,152 |
Unlevered Free Cash Flow | -3,790 | -499.39 | 119.49 | 1,755 | -2,213 | 1,267 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash Interest Paid | 204 | 204 | 197.4 | 187.8 | 197.3 | 178.6 |
Cash Income Tax Paid | 402.62 | 402.62 | 382.5 | 280.7 | 251.5 | 204.9 |
Change in Working Capital | 960.28 | 960.28 | 1,018 | 1,655 | 1,202 | 919.73 |