Pricing Log in Create free account
Wednesday 4 November 2026 Export MKL’s income statement to Excel — free account

Markel Group Inc.

MKL Financial Insurance Property & Casualty

Markel Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.6 billion, roughly unchanged from fiscal 2024.

Revenue
−11.2%
EPS
−63.4%
Free cash flow
−27.2%
Total debt
+1.75%

Quarter to September 2026, against a year earlier

1,947.76 49.38 +2.60%
Market cap
$23.2B
P/E
13.1×
Fwd P/E
12.3×
Dividend yield
—
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Markel Group Inc. 8-K filed Oct 28, 2026

Period ended Oct 27, 2026 · Filed · accepted 5:19 PM ET · Document on sec.gov · Filing index

1.01 Entry into a material definitive agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits

What it says

On October 27, 2026, Markel subsidiaries agreed to an adverse development cover with Enstar subsidiary Cavello Bay Reinsurance Limited, covering $4.8 billion of net reserves in run-off reinsurance and certain exited insurance lines. Markel retains $2.6 billion; the agreement covers $2.3 billion of reserves and $1.2 billion of adverse development. Closing is expected by the end of the fourth quarter of 2026, subject to regulatory approval and other conditions.

  • Coverage applies to losses paid on or after April 1, 2026; subject reserves include 2025 and prior underwriting years.

    the Reinsurer will reinsure, on an indemnity basis, 100% of covered losses paid by the Ceding Companies on or after April 1, 2026 (the Effective Date) in respect of the Subject Business exceeding an aggregate retention of $2.6 billion — the 8-K

  • The ceding companies will pay a $2.4 billion reinsurance premium. Of the transferred assets, $500 million will go to the reinsurer outright and the balance into a trust; the ceding companies retain claims control.

    $500 million of the Transferred Assets will be transferred to the Reinsurer outright and the balance will be deposited into a trust account for the benefit of the Ceding Companies to secure the Reinsurer’s obligations — the 8-K

  • The release also describes a $120 million risk premium.

    Markel will obtain adverse loss development coverage of $1.2 billion above the $4.8 billion of subject reserves under the transaction terms and pay Enstar a risk premium of $120 million. — the exhibit filed with it

  • Markel expects the transaction’s net impact on fourth-quarter underwriting results to be immaterial.

    therefore, Markel expects the net impacts of the transaction to have an immaterial impact on underwriting results in the fourth quarter. — the exhibit filed with it