Markel Corporation (MKL) Earnings History
Elite Compounder37 years of earnings data (1989–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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Markel Corporation (MKL) Earnings Overview
As of June 21, 2026, Markel Corporation (MKL) reported trailing twelve-month net income of $1.77B, reflecting -15.1% year-over-year growth. The company earned $157.85 per diluted share over the past four quarters, with a net profit margin of 12.7%.
Looking at the long-term picture, MKL's 5-year EPS compound annual growth rate (CAGR) stands at +24.9%, indicating exceptional earnings growth. The company achieved its highest annual net income of $2.75B in fiscal 2024.
Markel Corporation maintains positive profitability with a gross margin of 69.4%, operating margin of 16.5%, and net margin of 12.7%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including RLI ($395M net income, 21.4% margin), ERIE ($571M net income, 13.8% margin), HCI ($303M net income, 33.2% margin), MKL has room to improve margins relative to the peer group. Compare MKL vs RLI →
MKL Earnings vs Peers
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MKL Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.11B | -23.3% | $2.73B | $169.22 | 12.7% | 16.5% |
| 2024 | $2.75B | +37.6% | $3.64B | $199.32 | 16.4% | 21.7% |
| 2023 | $2.00B | +1022.9% | $2.65B | $146.98 | 12.7% | 16.9% |
| 2022 | -$216M | -108.9% | -$152M | $-23.72 | -1.8% | -1.3% |
| 2021 | $2.42B | +196.9% | $3.13B | $176.51 | 18.8% | 24.2% |
| 2020 | $816M | -54.4% | $1.00B | $55.63 | 8.5% | 10.4% |
| 2019 | $1.79B | +1496.8% | $2.29B | $129.07 | 18.8% | 24.0% |
| 2018 | -$128M | -132.4% | -$8M | $-9.21 | -1.8% | -0.1% |
| 2017 | $395M | -13.3% | $87M | $25.81 | 6.5% | 1.4% |
| 2016 | $456M | -21.8% | $630M | $31.27 | 8.1% | 11.2% |
| 2015 | $583M | +81.4% | $742M | $41.74 | 10.9% | 13.8% |
| 2014 | $321M | +14.3% | $440M | $22.27 | 6.3% | 8.6% |
| 2013 | $281M | +10.9% | $362M | $22.48 | 6.5% | 8.4% |
| 2012 | $253M | +78.4% | $312M | $25.89 | 8.4% | 10.4% |
| 2011 | $142M | -46.8% | $190M | $14.60 | 5.4% | 7.2% |
| 2010 | $267M | +32.3% | $296M | $27.27 | 12.0% | 13.3% |
| 2009 | $202M | +443.1% | $199M | $20.52 | 9.7% | 9.6% |
| 2008 | -$59M | -114.5% | -$160M | $-5.99 | -3.0% | -8.1% |
| 2007 | $406M | +3.4% | $572M | $40.64 | 16.3% | 23.0% |
| 2006 | $393M | +165.4% | $553M | $39.40 | 15.6% | 22.0% |
| 2005 | $148M | -10.6% | $186M | $14.80 | 6.7% | 8.5% |
| 2004 | $165M | +34.0% | $224M | $16.41 | 7.3% | 9.9% |
| 2003 | $123M | +63.9% | $182M | $12.31 | 5.9% | 8.7% |
| 2002 | $75M | +159.9% | $118M | $7.65 | 4.3% | 6.6% |
| 2001 | -$126M | -355.6% | -$182M | $-14.73 | -9.0% | -13.0% |
| 2000 | -$28M | -167.9% | -$52M | $-3.99 | -2.5% | -4.7% |
| 1999 | $41M | -29.1% | $53M | $7.20 | 7.7% | 10.2% |
| 1998 | $57M | +13.7% | $75M | $10.17 | 13.4% | 17.7% |
| 1997 | $50M | +7.9% | $279M | $8.92 | 12.0% | 66.5% |
| 1996 | $47M | +35.4% | $359M | $8.30 | 12.7% | 97.8% |
| 1995 | $35M | +85.5% | $335M | $6.15 | 10.0% | 97.5% |
| 1994 | $19M | -21.2% | $191M | $3.33 | 6.6% | 68.4% |
| 1993 | $24M | -7.8% | $162M | $4.23 | 10.0% | 69.0% |
| 1992 | $26M | +77.8% | $156M | $4.64 | 11.2% | 68.2% |
| 1991 | $14M | +152.6% | $183M | $2.70 | 6.4% | 81.4% |
| 1990 | $6M | -58.7% | $46M | $1.05 | 7.4% | 59.4% |
| 1989 | $14M | - | $42M | $2.62 | 14.1% | 42.6% |
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MKL — Frequently Asked Questions
Quick answers to the most common questions about buying MKL stock.
What is MKL earnings per share (EPS)?
MKL trailing twelve-month (TTM) diluted EPS is $157.85, reflecting -15.1% year-over-year growth. The 5-year EPS CAGR is +24.9%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Markel Corporation's net income?
Markel Corporation (MKL) trailing twelve-month net income is $1.8B as of 2025. Earnings declined -15.1% year-over-year. Markel Corporation has been profitable for 3 consecutive years.
Is MKL profitable?
Yes, MKL is profitable with a TTM net income of $1.8B and a net profit margin of +12.7%. Markel Corporation has generated profits for 3 consecutive years.
What is MKL's earnings growth rate?
MKL compound annual EPS growth rates (CAGR): 1-Year: -15.1%, 3-Year: N/A, 5-Year: +24.9%, 10-Year: +15.0%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are MKL's profit margins?
Markel Corporation net profit margin is +12.7%, operating margin is +16.5%, and gross margin is +69.4%. Margins are within a typical range for the sector. Return on Equity is +11.5%.
Is MKL growing earnings?
MKL earnings are declining — EPS fell -15.1% year-over-year. TTM net income dropped to $1.8B. This contrasts with the 5-year CAGR of +24.9%.
What was MKL's best earnings year?
Markel Corporation's highest annual net income on record is $2.7B, achieved in fiscal year 2024. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were MKL's earnings last quarter?
MKL's most recent reported quarter was Q1 2026. Net income was $-212M with diluted EPS of $-18.90. For a full breakdown of all quarters, see the quarterly earnings table on this page.