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What changed in Markel Group Inc.'s latest annual report

In the year ended 31 Dec 2025, Markel Group Inc.'s revenue rose 4.7% to USD 15.51bn, from USD 14.81bn; net income fell 23.3% to USD 2.11bn, from USD 2.75bn; total liabilities rose 12.1% to USD 49.80bn, from USD 44.43bn.

Year ended 31 Dec 2025. Source: 10-K filed 26 Feb 2026, read it on SEC EDGAR.

USD 14.81bn to USD 15.51bn

Revenue, up 4.7% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue14.81bn15.51bnUp 4.7%
Net income2.75bn2.11bnDown 23.3%
Total assets61.90bn68.91bnUp 11.3%
Total liabilities44.43bn49.80bnUp 12.1%
Long-term debt4.33bn4.30bnDown 0.6%
Cash and cash equivalents3.69bn3.96bnUp 7.4%
Shareholders' equity16.92bn18.60bnUp 9.9%

Questions people ask

Did Markel Group Inc.'s revenue grow last year?

Revenue grew 4.7%, from USD 14.81bn to USD 15.51bn in the year ended 31 Dec 2025.

Is Markel Group Inc. profitable?

Yes. Net income was USD 2.11bn in the year ended 31 Dec 2025. The year before: USD 2.75bn.

How much cash and debt does Markel Group Inc. have?

At its latest year end (31 Dec 2025), Markel Group Inc. reported cash and cash equivalents of USD 3.96bn and long-term debt of USD 4.30bn.

Where do these numbers come from?

From Markel Group Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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Markel Group Inc. (MKL) 10-K: what changed year on year | LYNORIQ Insights