Markel Corporation (MKL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 68.6B | 68.91B | 50.7B | 49.44B | 48.65B | 47.35B | 48.12B | 46.28B | 44.93B | 43.44B | 41.51B | 41.4B | 40.19B | 39.28B | 37.88B | 38.51B | 39.85B | 39.38B | 37.83B | 37.45B |
| Asset Growth % | 41.02% | 45.54% | 5.35% | 6.82% | 8.28% | 8.98% | 15.94% | 11.78% | 11.78% | 10.61% | 9.58% | 7.52% | 0.86% | -0.27% | 0.12% | 2.83% | 12.66% | 14.93% | 14.48% | 16.24% |
| Total Investment Assets | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Long-Term Investments | 25.09B | 25.77B | 32.16B | 31B | 30.07B | 30.92B | 30.86B | 29.02B | 28.34B | 27.13B | 24.36B | 23.96B | 23.5B | 22.69B | 21.58B | 21.66B | 23.53B | 23.87B | 22.94B | 22.91B |
| Short-Term Investments | 7.18B | 7.07B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 33.64B | 33.32B | 8.89B | 8.85B | 8.96B | 7.06B | 8.54B | 8.44B | 7.89B | 6.96B | 8.6B | 8.94B | 8.2B | 7.4B | 7.75B | 8.04B | 7.89B | 7.29B | 6.83B | 6.98B |
| Cash & Equivalents | 3.68B | 3.96B | 4.62B | 4.3B | 4.67B | 4.19B | 4.63B | 4.22B | 4.28B | 4.33B | 5.04B | 5.24B | 5B | 5.22B | 4.8B | 4.91B | 5.21B | 4.88B | 4.51B | 4.35B |
| Receivables | 19B | 18.58B | 4.27B | 4.55B | 4.28B | 2.87B | 3.91B | 4.23B | 3.61B | 2.63B | 3.56B | 3.7B | 3.19B | 2.18B | 2.96B | 3.13B | 2.69B | 2.41B | 2.32B | 2.63B |
| Other Current Assets | 500.82M | 638.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 5.19B | 5.27B | 4.39B | 4.44B | 4.41B | 4.2B | 4.25B | 4.29B | 4.17B | 4.21B | 4.26B | 4.3B | 4.35B | 4.39B | 4.48B | 4.5B | 4.55B | 4.72B | 4.41B | 4.3B |
| Goodwill | 2.84B | 2.82B | 2.82B | 2.83B | 2.77B | 2.74B | 2.74B | 2.74B | 2.63B | 2.62B | 2.62B | 2.63B | 2.64B | 2.64B | 2.8B | 2.77B | 2.77B | 2.9B | 2.7B | 2.61B |
| Intangible Assets | 2.36B | 2.45B | 1.57B | 1.62B | 1.64B | 1.46B | 1.51B | 1.55B | 1.55B | 1.59B | 1.63B | 1.68B | 1.71B | 1.75B | 1.69B | 1.73B | 1.77B | 1.82B | 1.72B | 1.7B |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 2.08B | 0 | 0 | 0 | 1.93B | 0 | 0 | 0 | 1.73B | 0 | 0 | 0 | 1.63B | 0 | 0 |
| Other Assets | 4.68B | 4.54B | 5.26B | 5.15B | 5.21B | 3.05B | 4.48B | 4.53B | 4.53B | 3.19B | 4.29B | 4.2B | 4.15B | 3.04B | 4.06B | 4.31B | 3.88B | 1.85B | 3.65B | 3.26B |
| Total Liabilities | 49.95B | 49.8B | 32.1B | 31.57B | 30.9B | 29.88B | 30.46B | 29.85B | 28.61B | 27.92B | 26.98B | 26.7B | 25.91B | 25.54B | 25.01B | 25.25B | 25.27B | 24.18B | 23.56B | 23.22B |
| Total Debt | 4.38B | 4.3B | 4.28B | 4.36B | 4.39B | 5.65B | 4.36B | 4.4B | 3.86B | 4.97B | 3.77B | 3.81B | 3.9B | 5.21B | 4.13B | 4.5B | 4.43B | 5.5B | 4.27B | 4.16B |
| Net Debt | 702.38M | 339.11M | -332.14M | 69.14M | -284.35M | 1.45B | -270.46M | 183.87M | -421.25M | 636.35M | -1.28B | -1.43B | -1.11B | -9.1M | -664.7M | -409.08M | -778.89M | 622.99M | -238.72M | -191.64M |
| Long-Term Debt | 4.38B | 4.3B | 4.28B | 4.36B | 4.39B | 4.88B | 4.36B | 4.4B | 3.86B | 4.24B | 3.6B | 3.6B | 3.61B | 4.66B | 4.13B | 4.21B | 4.43B | 4.93B | 4.27B | 4.16B |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 172.79M | 0 | 0 | 0 | 202M | 171.3M | 209M | 288.9M | 0 | 0 | 296.1M | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 40.22B | 39.78B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payable | 16.35B | 1.67B | 14.24B | 14.07B | 1.84B | 1.43B | 11.74B | 10.79B | 1.24B | 1.04B | 924.6M | 8.87B | 8.97B | 669.74M | 8.5B | 7.58B | 7.42B | 7.49B | 7.16B | 6.88B |
| Deferred Revenue | 7.23B | 7.25B | 8.23B | 9.07B | 7.69B | 7.06B | 7.89B | 4.57B | 4.37B | 4.28B | 4.49B | 4.59B | 4.41B | 4.15B | 4.23B | 4.21B | 3.98B | 3.59B | 3.59B | 3.55B |
| Other Current Liabilities | 16.64B | 30.86B | -22.48B | -23.14B | -9.53B | -8.67B | -19.63B | -15.36B | -5.61B | -5.52B | -5.58B | -13.67B | -13.67B | -4.82B | -12.73B | -12.08B | -11.4B | -11.08B | -10.75B | -10.43B |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 1.6B | 0 | 0 | 0 | 1.2B | 0 | 0 | 0 | 896.7M | 0 | 0 | 0 | 1.41B | 0 | 0 |
| Other Liabilities | 5.35B | 5.72B | 27.82B | 27.2B | 26.51B | 22.8B | 26.1B | 25.46B | 24.75B | 21.95B | 23.39B | 23.09B | 22.31B | 19.43B | 20.87B | 21.04B | 20.84B | 17.27B | 19.29B | 19.06B |
| Total Equity | 18.65B | 19.1B | 18.6B | 17.87B | 17.74B | 17.47B | 17.66B | 16.43B | 16.32B | 15.53B | 14.52B | 14.7B | 14.28B | 13.74B | 12.87B | 13.26B | 14.59B | 15.2B | 14.27B | 14.23B |
| Equity Growth % | 5.1% | 9.35% | 5.28% | 8.79% | 8.74% | 12.52% | 21.62% | 11.71% | 14.26% | 13.02% | 12.83% | 10.86% | -2.1% | -9.63% | -9.81% | -6.77% | 8.7% | 16.4% | 17.48% | 22.38% |
| Shareholders Equity | 18.13B | 18.6B | 18.04B | 17.32B | 17.15B | 16.92B | 17.01B | 15.85B | 15.73B | 14.98B | 14B | 14.19B | 13.74B | 13.15B | 12.29B | 12.76B | 14.1B | 14.72B | 14.02B | 13.97B |
| Minority Interest | 518.12M | 504.43M | 554.65M | 549.97M | 595.97M | 553.08M | 648.59M | 575.05M | 587.8M | 541.97M | 523.47M | 518.02M | 536.72M | 585.95M | 577.84M | 506.5M | 485.9M | 484.24M | 255.37M | 251.48M |
| Retained Earnings | 14.66B | 15.03B | 14.51B | 13.84B | 13.36B | 13.38B | 13.06B | 12.33B | 12.18B | 11.35B | 10.78B | 10.82B | 10.26B | 9.83B | 9.26B | 9.29B | 10.28B | 10.45B | 9.65B | 9.5B |
| Common Stock | 3.71B | 3.67B | 3.67B | 3.66B | 3.58B | 3.56B | 3.55B | 3.55B | 3.55B | 3.52B | 3.52B | 3.52B | 3.51B | 3.49B | 3.48B | 3.48B | 3.47B | 3.44B | 3.46B | 3.45B |
| Accumulated OCI | -237.6M | -109.46M | -138.97M | -180.76M | -391.13M | -617.08M | -193.85M | -618.36M | -595.01M | -478.21M | -890.83M | -740.74M | -609.78M | -767.49M | -1.04B | -603.66M | -238.57M | 237.62M | 319.39M | 427.22M |
| Return on Equity (ROE) | -1.12% | 3.06% | 4.12% | 3.69% | 0.69% | 3.13% | 5.31% | 1.64% | 6.44% | 5.12% | 0.29% | 4.8% | 3.49% | 5.18% | 0.46% | -6.58% | -0.35% | 5.91% | 1.32% | 5.73% |
| Return on Assets (ROA) | -0.31% | 0.96% | 1.5% | 1.34% | 0.25% | 1.15% | 1.92% | 0.59% | 2.32% | 1.81% | 0.1% | 1.7% | 1.23% | 1.79% | 0.16% | -2.34% | -0.13% | 2.26% | 0.5% | 2.18% |
| Equity / Assets | 27.19% | 27.72% | 36.68% | 36.14% | 36.48% | 36.9% | 36.7% | 35.49% | 36.32% | 35.74% | 34.99% | 35.51% | 35.53% | 34.97% | 33.98% | 34.44% | 36.6% | 38.6% | 37.73% | 37.99% |
| Debt / Equity | 0.24x | 0.23x | 0.23x | 0.24x | 0.25x | 0.32x | 0.25x | 0.27x | 0.24x | 0.32x | 0.26x | 0.26x | 0.27x | 0.38x | 0.32x | 0.34x | 0.30x | 0.36x | 0.30x | 0.29x |
| Book Value per Share | 1660.37 | 1614.45 | 1460.75 | 1403.62 | 1382.29 | 1351.36 | 1356.90 | 1255.64 | 1240.03 | 1168.59 | 1088.24 | 1096.38 | 1059.83 | 1014.85 | 946.80 | 974.34 | 1068.49 | 1105.65 | 1035.34 | 1029.63 |
| Tangible BV per Share | 1198.12 | 1168.66 | 1116.08 | 1054.55 | 1038.96 | 1026.80 | 1030.61 | 927.61 | 922.98 | 851.46 | 769.28 | 775.43 | 737.08 | 690.81 | 617.00 | 643.83 | 735.40 | 762.23 | 715.08 | 718.21 |