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Companies / Financials / Markel Group Inc.
MKL

Markel Group Inc.

FinancialsProperty & Casualty Insurance
Ticker MKLGLEN ALLEN, VAFiscal year ends DecemberBook value per share $1461.75Diluted shares 13.0M

Markel Group Inc. (NYSE: MKL) operates as a distinctive holding company that owns and manages independently operated businesses across diverse industries while maintaining a long-term investment orientation. The company's website is www.mklgroup.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$15.51B
−6.7% year over year
Last 12 mo $15.08B
20.59%
−1.7 percentage points
Last 12 mo 20.50%
$2.15B
−24.4% year over year
Last 12 mo $2.33B
11.33%
−4.9 percentage points
Last 12 mo 12.02%
Cash & financing
$2.76B
+6.4% year over year
Last 12 mo $2.33B
$2.55B
+9.2% year over year
Last 12 mo $2.12B
0.23
Was 0.26× a year earlier
Last 12 mo 0.23
12.3M
−9.6% year over year
Last 12 mo 13.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Markel Group Inc. does

In the company’s own words

Markel Group Inc. (NYSE: MKL) operates as a distinctive holding company that owns and manages independently operated businesses across diverse industries while maintaining a long-term investment orientation. The company's website is www.mklgroup.com.

The cornerstone of Markel Group's strategy is Markel Insurance, a specialty insurance business that provides hard-to-place risks not typically available through standard insurance markets. Markel Insurance generated approximately 60 percent of the company's operating revenues in 2025 and operates through four divisions: U.S. Wholesale and Specialty, Program and Solutions, International, and Global Reinsurance (which entered run-off in 2025). The insurance segment writes over 100 individually managed products including general liability, professional liability, personal lines, marine and energy, property, specialty programs, workers' compensation, and credit and surety coverages. Markel Insurance maintains a global underwriting presence across the United States, United Kingdom, Bermuda, and Germany, with 73 percent of gross premium writings attributed to U.S. risks in 2025.

Beyond insurance, Markel Group operates three additional reportable segments. The Industrial segment, representing approximately 25 percent of revenues, includes businesses such as Lansing Building Products, Metromont precast concrete, VSC Fire & Security, Cottrell car-hauling equipment, AMF Bakery Systems, Buckner HeavyLift Cranes, and Havco flooring. The Financial segment, comprising roughly 5 percent of revenues, includes State National's fronting and collateral protection insurance services and Nephila's insurance-linked securities management. The Consumer and Other segment, representing approximately 9 percent of revenues, includes Costa Farms ornamental plants, CapTech information technology consulting, Eagle Construction, and Brahmin leather accessories.

Markel Group's business model emphasizes decentralized leadership, long-term capital compounding, and disciplined underwriting. The company maintains invested assets of approximately $37.4 billion and shareholders' equity of $18.6 billion as of year-end 2025. The company's architecture prioritizes financial strength through diverse cash flows, low debt levels, and reinvestment in existing businesses, strategic acquisitions, publicly traded securities, and share repurchases.

Company details
Sector
Financials
Industry (SIC)
Property & Casualty Insurance
Headquarters
GLEN ALLEN, VA
Fiscal year end
December
CIK
1096343
SIC
6331

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.81B$3.22B$8.25B$13.27B$18.30B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Markel Group Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

403
funds hold it
3 of 35
superinvestors hold it
$5.50B
held by funds, at market
23.4%
of shares held by funds
9
bond issues held by funds

Superinvestors in Markel Group Inc. · what they did last quarter

Francois RochonDECREASED -28.1%
Giverny Capital
2.0%of 13F portfolio
Josh TarasoffDECREASED -10.0%
Greenlea Lane Capital Management
10.9%of 13F portfolio
Tom RussoDECREASED -13.9%
Gardner Russo & Quinn
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Markel Group Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.22%of fund net assets
MidCap Fund
PMBMX · Principal Funds, Inc
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.29%of fund net assets
Eaton Vance Atlanta Capital SMID-Cap Fund
EAASX · Eaton Vance Growth Trust
2.86%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Markel Group Inc.’s bonds, as funds hold them

Funds report holding 9 issues of Markel Group Inc.’s debt, $287.15M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.37%, maturing 2027 to 2054.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Markel Group Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Markel Group Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
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