profit from every $100 of sales.
$0$100
Markel
$1,977.29+0.78% today
-5.0% in 1 year
1-year low $1,712.451-year high $2,191.90
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $11.48 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Markel sold, what it kept, and what it did with the cash.
Sales went from $11.8 billion in 2022 to $16.3 billion in 2025, with $2.11 billion of profit last year.
SalesProfit
Markel handed back 41% of the cash it generated last year.
Buybacks $1.0B
Free cash flow 2025$2.6B
Bought back its own shares$1.0B
Paid as dividends$18M
Cash vs. debt$4.0B vs. $4.3B
Markel vs. similar companies
Markel grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Markel | 11.5× · Cheap | ||
 Chubb | 13.9× · Cheap | ||
 The Progressive | 12.1× · Cheap | ||
 Tokio Marine Holdings | 15.9× · Fair price | ||
 The Travelers Companies | 13.1× · Cheap |
AI analysis
An AI analyst reads Markel's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 11,813 | 15,714 | 16,750 | 16,333 | |
| – | – | – | – | |
| -93 | 2,929 | 3,713 | 3,195 | |
| 354 | 3,159 | 4,184 | 3,287 | |
| -216 | 1,996 | 2,747 | 2,107 | |
| -23.57 | 146.98 | 199.32 | 169.22 | |
| – | – | – | – | |
| -0.8% | 18.6% | 22.2% | 19.6% | |
| -1.8% | 12.7% | 16.4% | 12.9% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 49,791 | 55,046 | 61,898 | 68,905 |
| Cash | 4,137 | 3,747 | 3,693 | 3,965 |
| Total debt | 4,104 | 3,780 | 4,330 | 4,304 |
| Total liabilities | 36,054 | 39,520 | 44,429 | 49,803 |
| 13,151 | 14,984 | 16,916 | 18,598 | |
| 14 | 13 | 13 | 12 | |
| 0.2% | 12.0% | 14.3% | 10.1% | |
| -1.6% | 13.3% | 16.2% | 11.3% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 2,709 | 2,787 | 2,594 | 2,761 | |
| 255 | 259 | 255 | 207 | |
| 2,455 | 2,528 | 2,339 | 2,554 | |
| Dividends paid | 36 | 36 | 36 | 18 |
| 291 | 445 | 573 | 1,030 | |
| – | – | – | – |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 11.5×
- 17.6×
- –
- 1.1×
- 1.5×
- 8.7%
- 0.0%
Profitability
- 12.9%
- 6.4%
- 8.5%
- 9.8%
- 2.6%
Growth
- +11.4%
- –
- –
- −2.0%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 43%of 667
Bottom 44%of 522
Top 37%of 903
Top 38%of 911
Top 22%of 939
What analysts expect
- Average price target
- $1,950.00
- Range
- $1,950.00 – $1,950.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 28, 2026 | 21.61 | 26.38 | −18.1% |
| Feb 4, 2026 | 34.45 | 27.62 | +24.7% |
| Oct 29, 2025 | 30.90 | 24.02 | +28.6% |
| Jul 30, 2025 | 25.46 | 24.97 | +2.0% |
| Apr 30, 2025 | 25.72 | 16.77 | +53.4% |
| Feb 5, 2025 | 20.51 | 19.00 | +7.9% |
| Oct 30, 2024 | 17.34 | 21.43 | −19.1% |
| Jul 31, 2024 | 25.95 | 22.30 | +16.4% |
News
Should You Buy Markel Stock (MKL) on the Dip?Yahoo Finance · Oct 27, 2026Markel Is Built Like a Smaller Berkshire Hathaway. Its Stock Sits 18% Below Its 52-Week High.Yahoo Finance · Sep 17, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about Markel
Is Markel a good stock to buy?
A solid business, and the price looks low. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Markel AI analysis
What does Markel do?
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. It is in Insurance - Property & Casualty, based in Glen Allen, VA, United States, with 22,900 employees.
Does Markel pay a dividend?
Yes. In 2025 it paid out $18.0 million in dividends.
Is Markel stock halal?
No. Markel does not pass our halal screen: its main business, conventional insurance, is not permitted. How we check
How has Markel stock done over the past year?
Down 5.0% over the past twelve months, to $1,977.29. It traded between $1,712.45 and $2,191.90 and is 9.8% below its high.
Who are Markel's competitors?
The largest listed companies in the same industry are Chubb, The Progressive, Tokio Marine Holdings and The Travelers Companies. The peers table on this page compares their profit, growth and price with Markel's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.