Markel Group
Combines specialty insurance with decentralized industrial, financial-services, and consumer businesses.
Something off on this page? Send us feedback.
Profile
Combines global specialty insurance with decentralized industrial, financial-services, consumer, and other operating businesses. Revenue comes from underwriting, insurance services, investment management, and owned subsidiaries, while capital allocation and the Markel Style connect a portfolio whose insurance results depend on catastrophe losses, reserves, reinsurance, and investment income.
Combines specialty insurance with owned industrial, financial-services, consumer, and other operating businesses. Markel Insurance underwrites specialty risks globally, while Industrial, Financial, and Consumer and Other hold decentralized businesses ranging from building products and life-safety services to insurance program services and consumer operations.
Uses underwriting capital, investment returns, and retained earnings to support acquisitions and locally led subsidiaries. The Markel Style emphasizes autonomy, long-term value, customer service, and limited bureaucracy, while the parent supplies capital allocation, governance, leadership, and cultural support.
Insurance results depend on underwriting discipline, catastrophe losses, reserves, reinsurance availability, investment income, and multiple regulatory regimes. Global Reinsurance is in run-off after its renewal rights were sold, and the decentralized model depends on capable local leaders and consistent oversight.
Company facts
Key statistics
Year to date −14.6% · Average volume (30d) 62.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Apr 30, 2026 | Truist Financial | Target | $2,100 | $1,950 | ||
| Feb 6, 2026 | Truist Financial | Target | $1,500 | $2,100 | ||
| Dec 2, 2024 | TD Cowen | Downgrade | Buy | Hold |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $30.64 | $20.24 | −33.9% | $4.50B | $5.19B | +15.2% | −6.39% |
| Apr 28, 2026Q1 FY26 | $26.38 | $21.61 | −18.1% | $3.66B | $2.82B | −22.9% | −7.85% |
| Feb 4, 2026Q4 FY25 | $27.62 | $34.45 | +24.7% | $3.64B | $4.22B | +15.9% | +1.99% |
| Oct 29, 2025Q3 FY25 | $24.02 | $30.90 | +28.6% | $3.75B | $4.39B | +17.0% | +6.14% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.33B | $4.41B | $4.39B | $4.22B | $3.55B | $5.20B | |
| Gross profit | $1.50B | $2.45B | $2.41B | $2.94B | $2.38B | $3.07B | |
| Operating income | $157.8M | $862.4M | $978.4M | $734.2M | −$273.3M | $1.52B | |
| Net income | $121.7M | $657.1M | $751.3M | $576.8M | −$212.3M | $1.17B | |
| Diluted EPS | $12.08 | $49.67 | $59.25 | $48.75 | −$18.90 | $92.76 | |
| Gross margin | 45.2% | 55.5% | 55.0% | 69.6% | 67.1% | 59.1% | |
| Operating margin | 4.7% | 19.6% | 22.3% | 17.4% | -7.7% | 29.2% |
Fiscal years (4-quarter sums)FY21 $12.91B · FY22 $11.78B · FY23 $15.71B · FY24 $16.57B · FY25 $16.34B
Revenue by product · FY24
Balance sheet, Jun 30, 2026Cash & short-term investments $5.76B · Total debt $4.37B · Total assets $71.26B · Shareholders' equity $19.01B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 12.39M · Float 12.11M · 97.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 697.8K | 5.63% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 545.7K | 4.40% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 522.0K | 4.21% | 13F | Aug 13, 2026 |
| Davis Selected Advisers | 406.8K | 3.28% | 13F | Aug 11, 2026 |
| Morgan Stanley | 350.7K | 2.83% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 22, 2026 | Greta J. Harris | director | −76 | $1,847.31 |
| May 7, 2026 | Diane Leopold | director | +50 | $1,789.19 |
| May 6, 2026 | Diane Leopold | director | +100 | $1,792.61 |
| May 1, 2026 | A. Lynne Puckett | director | +57 | $1,795.53 |
| Feb 26, 2026 | Simon Wilson | officer: EVP and CEO, Markel Insurance | −100 | $2,079.48 |
Peers
- W. R. Berkley
Broad specialty-commercial peer with a decentralized underwriting model
- Chubb
Global commercial and specialty insurer across retail and wholesale channels
- Arch Capital Group
Global specialty carrier spanning insurance and reinsurance markets
- Kinsale Capital Group
Focused U.S. E&S underwriter for hard-to-place commercial risks
- RenaissanceRe
Third-party catastrophe-capital and ILS management rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Markel Group | $1,818.69 | −0.07% | $22.53B | 10.0 | 15.8 | 1.3 | +17.6% |
| W. R. Berkley | $70.65 | +3.20% | $25.48B | 14.1 | 14.5 | 1.4 | +1.2% |
| Chubb | $340.37 | +0.13% | $131.14B | 12.0 | 12.2 | 2.1 | −1.3% |
| Arch Capital Group | $97.15 | −1.71% | $34.53B | 7.7 | 10.5 | 1.8 | −22.3% |
| Kinsale Capital Group | $385.00 | +1.13% | $8.67B | 15.4 | 18.1 | 4.3 | −3.7% |
| RenaissanceRe | $330.74 | +0.01% | $13.74B | 5.7 | 8.3 | 1.3 | −28.5% |
| Median | 12.0 | 12.2 | 1.8 | −3.7% |