MARKEL GROUP INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $15.5B | $14.8B | $14.3B | $11.7B | $12.8B |
| Operating income | $3.2B | $3.7B | $2.9B | -$93.3M | $3.2B |
| Interest expense | $205.9M | $204.3M | $185.1M | $196.1M | $183.6M |
| Pretax income | $2.7B | $3.6B | $2.7B | -$151.6M | $3.1B |
| Income tax expense | $580.3M | $790.3M | $552.6M | -$48.2M | $684.0M |
| Net income | $2.1B | $2.7B | $2.0B | -$216.3M | $2.4B |
| Balance Sheet | |||||
| Cash and equivalents | $4.0B | $3.7B | $3.7B | $4.1B | $4.0B |
| Total assets | $68.9B | $61.9B | $55.0B | $49.8B | $48.5B |
| Total liabilities | $49.8B | $44.4B | $39.5B | $36.1B | $33.3B |
| Total debt | $4.3B | $4.3B | $3.8B | $4.1B | $4.4B |
| Stockholders' equity | $18.6B | $16.9B | $15.0B | $13.2B | $14.7B |
| Cash Flow Statement | |||||
| Cash from operations | $2.8B | $2.6B | $2.8B | $2.7B | $2.3B |
| Depreciation and amortization | $347.9M | $342.4M | $319.7M | $309.4M | $336.4M |
| Capital expenditure | $206.9M | $255.0M | $258.6M | $254.7M | $145.2M |
| Free cash flow | $2.6B | $2.3B | $2.5B | $2.5B | $2.1B |
| Share repurchases | $429.5M | $572.7M | $445.5M | $290.8M | $206.5M |
| Impairments | $0 | $0 | $0 | $80.0M | $0 |
Shares outstanding 12.5M · Free float 98.9%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.