Markel Group Inc. (MKL) Financial Statements (2024 and earlier)

Company Profile

Business Address 4521 HIGHWOODS PARKWAY
GLEN ALLEN, VA 23060-6148
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,89614,47914,80213,37011,8608,813
Cash and cash equivalents3,7474,1373,9784,3423,0732,014
Short-term investments12,14910,34110,8249,0288,7876,799
Inventory, net of allowances, customer advances and progress billings 617640529413303 
Inventory 617640529413303 
Total current assets:16,51415,11815,33213,78312,1638,813
Noncurrent Assets
Operating lease, right-of-use asset 629527  233
Property, plant and equipment 1,3001,2001,100632589552
Long-term investments and receivables606494460   
Long-term investments606494460   
Intangible assets, net (including goodwill)4,2134,3864,7224,3874,0473,964
Goodwill2,6252,6392,8992,6052,3092,238
Intangible assets, net (excluding goodwill)1,5891,7471,8221,7831,7381,726
Total noncurrent assets:6,7486,6076,2815,0194,8684,516
Other undisclosed assets31,78428,06626,83622,90820,44319,978
TOTAL ASSETS:55,04649,79148,44941,71037,47433,306
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities39,52036,14033,27028,65026,21824,032
Total liabilities:39,52036,14033,27028,65026,21824,032
Temporary equity, carrying amount470523461246178174
Equity
Equity, attributable to parent14,98413,06614,69512,80011,0719,081
Preferred stock592592592592  
Common stock3,5173,4943,4413,4283,4053,393
Accumulated other comprehensive income (loss)(478)(857)238584209(95)
Retained earnings11,3539,83710,4248,1957,4575,782
Equity, attributable to noncontrolling interest72632315820
Total equity:15,05613,12814,71812,81511,0789,100
TOTAL LIABILITIES AND EQUITY:55,04649,79148,44941,71037,47433,306

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues15,80411,67512,8469,7359,5266,841
Premiums earned, net8,2957,5886,5035,6125,0504,712
Cost of revenue(11,488)(10,749)(8,453)(7,513)(6,123)(5,665)
Deferred policy acquisition costs, amortization expense(1,764)(1,655)(1,419)(1,229)(1,100)(1,009)
Gross profit:4,3169274,3942,2223,4041,176
Operating expenses(1,387)(1,020)(1,150)(948)(926)(1,136)
Operating income (loss):2,929(93)3,2441,2742,47740
Nonoperating income (expense)
(Gain (Loss), Foreign Currency Transaction, before Tax)
(90)14072(96)(2)107
Interest and debt expense(185)(196)(184)(178)(189)(154)
Income (loss) from continuing operations before income taxes:2,654(149)3,1321,0002,286(8)
Income tax expense (benefit)(553)48(684)(169)(486)(122)
Income (loss) from continuing operations:2,101(101)2,4488321,799(130)
Income (loss) before gain (loss) on sale of properties:2,4488321,799(130)
Net income (loss):2,101(101)2,4488321,799(130)
Net income (loss) attributable to noncontrolling interest(105)(113)(23)(16)(9)2
Net income (loss) attributable to parent:1,996(214)2,4258161,790(128)
Preferred stock dividends and other adjustments(36)(36)(36)(18)1(5)
Net income (loss) available to common stockholders, diluted:1,960(250)2,3897981,792(133)

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):2,101(101)2,4488321,799(130)
Other comprehensive income (loss)289(1,095)(347)376303(248)
Comprehensive income (loss):2,390(1,196)2,1011,2072,103(378)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(105)(113)(23)(16)(9)2
Comprehensive income (loss), net of tax, attributable to parent:2,285(1,309)2,0781,1922,094(376)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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