Markel's core underwriting engine remains highly profitable, with a trailing twelve-month combined ratio of 82.6% and a 2026Q2 combined ratio of 70.8%, reflecting disciplined risk selection and favorable reserve development. The company's balance sheet has exp...
Price trend, volume and key moving averages
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Revenue growth has been mixed, with a 17.8% rebound in 2026Q2 but a -1.0% TTM growth rate, while underwriting profitability remains strong with a 70.8% combined ratio in 2026Q2, though 2026Q1 spiked to 107.7%.
Markel operates a 'Berkshire-inspired' holding company structure with three core 'flywheels': specialty insurance, private businesses under Markel Ventures, and a long-term equity portfolio. The insurance segment focuses on niche, hard-to-price markets with deep underwriting expertise, prioritizing discipline and relationships over volume.
Markel has demonstrated strong financial performance, including an 8.3% sequential increase in book value per share and robust year-over-year growth in investment income. Adjusted operating income for the first quarter of 2026 was $498 million, a 4% increase compared to the first quarter of 2025.
Analysts have recently upgraded MKL stock, with some moving from 'hold' to 'buy' ratings. The stock is trading at a P/E ratio of around 11.25x, which is close to its 5-year median and suggests potential undervaluation relative to its earnings potential.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 29, 2026 | $19.51-36.3% vs $30.64 | $5.2B+15.2% vs $4.5B |
Q2 2026 Apr 28, 2026 | $21.61-18.4% vs $26.47 | $2.8B-22.9% vs $3.7B |
Q1 2026 Feb 4, 2026 | $34.45+24.7% vs $27.62 | $4.2B+15.9% vs $3.6B |
Q4 2025 Oct 29, 2025 | $30.90+28.6% vs $24.02 | $4.4B+17.0% vs $3.7B |
Warren Buffett's exit from Berkshire Hathaway reignited a debate value investors have circled for years: whether one smaller insurer running the same three-engine compounding model can fill the void, and whether its recent struggles make it a trap or an
Markel International appoints Nick Rugg to Head of Financial Institutions and Fintech - PFR and Cyber, InternationalPR NewswireLONDON, Sept. 17, 2026LONDON, Sept. 1
LONDON, Sept. 17, 2026 /PRNewswire/ -- Markel Insurance, the insurance operation within Markel Group Inc. (NYSE: MKL), today announced the appointment of Nick Rugg as Head of Financial Institutions & Fintech – PFR & Cyber within its London-based specialty insurance operation, with immediate effect.
Bank of America Corp DE bought a new position in shares of Markel Group Inc. (NYSE: MKL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 118,590 shares of the insurance provider's stock, valued at approximately $231,608,000. Bank of America Corp DE
Benchmark MKL against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Markel Corporation (MKL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $1763.36 | $21.85B | 10.42 | -0.96% | 12.7% | 11.52% | 2.75% | |
| $58.13 | $5.33B | 13.33 | 6.33% | 22.22% | 24.37% | — | |
| $234.38 | $10.83B | 22.07 | 7.17% | 14% | 24.52% | — | |
| $180.22 | $2.3B | 7.25 | 20.21% | 32.6% | 28.69% | — | |
| $26.20 | $1.54B | 11.44 | 3.62% | -10.83% | -19.42% | — | |
| $68.17 | $25.38B | 15.32 | 7.82% | 12.64% | 19.47% | — |
Markel Corporation (MKL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Markel Corporation (MKL) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 22, 2026·SEC
May 20, 2026·SEC
Feb 26, 2026·SEC
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Markel Corporation (MKL) stock FAQ — growth, dividends, profitability & financials explained
Markel Corporation (MKL) saw revenue decline by 1.0% over the past year.
Yes, Markel Corporation (MKL) is profitable, generating $2.28B in net income for fiscal year 2025 (12.7% net margin).
Yes, Markel Corporation (MKL) pays a dividend with a yield of 2.75%. This makes it attractive for income-focused investors.
Markel Corporation (MKL) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.
Markel Corporation (MKL) has a combined ratio of 83.5%. A ratio below 100% indicates underwriting profitability.
