Markel Corporation (MKL)

Official site

FINANCIAL SERVICES • INSURANCE - PROPERTY & CASUALTY • NYSE

$1939.71

-10.21 (-0.52%)

Market Cap: $23.85B

Last updated: Nov 06, 2026 at 4:43 PM ET

Earnings

Performance (10Y)

Beat Rate

68%(27/40)

Avg Surprise

+23.26%

Streak

1 Q

Upcoming Estimates

Period ending Dec 31, 2026

EPS Consensus$12.45

Range$-19.47 - $34.95

6 analysts

Revenue Consensus

$3.9B

Range$3.2B - $5.5B

5 analysts

Period ending Mar 31, 2027

EPS Consensus$27.04

Range$25.63 - $28.21

4 analysts

EPS Revisions

30d

EPS Estimate DriftChange to current

90d ago$27.89-3.0%

60d ago$27.19-0.5%

30d ago$27.19-0.5%

7d ago$27.20-0.6%

Current$27.04

Revenue Consensus

$3.6B

Range$3.4B - $3.8B

3 analysts

Last 12 of 40 reported quarters and 2 upcoming estimates

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Mar 31, 2027Mar 27EST	-	$27.04	$25.63 - $28.21	-	-	4	1 0 30d	-
Dec 31, 2026Dec 26EST	-	$12.45	$-19.47 - $34.95	-	-	6	-	-
Sep 30, 2026Sep 26 Reported Oct 28, 2026Reported Oct 28	$35.07	$27.93	$25.68 - $29.20	+25.56%	Beat	5	2 1 30d	+10.9%
Jun 30, 2026Jun 26 Reported Jul 29, 2026Reported Jul 29	$19.51	$29.94	$25.17 - $34.24	-34.84%	Miss	5	1 2 30d	-23.8%
Mar 31, 2026Mar 26 Reported Apr 28, 2026Reported Apr 28	$23.55	$26.34	$25.17 - $27.41	-10.59%	Miss	4	2 0 30d	-0.4%
Dec 31, 2025Dec 25 Reported Feb 4, 2026Reported Feb 4	$37.41	$25.73	$25.25 - $26.05	+45.39%	Beat	3	2 0 30d	+61.3%
Sep 30, 2025Sep 25 Reported Oct 29, 2025Reported Oct 29	$31.61	$23.77	$22.72 - $25.77	+32.98%	Beat	4	1 0 30d	+51.1%
Jun 30, 2025Jun 25 Reported Jul 30, 2025Reported Jul 30	$25.62	$25.04	$23.29 - $25.82	+2.32%	Beat	4	1 0 30d	-3.1%
Mar 31, 2025Mar 25 Reported Apr 30, 2025Reported Apr 30	$23.64	$17.97	$16.12 - $21.74	+31.55%	Beat	4	1 1 30d	+11.4%
Dec 31, 2024Dec 24 Reported Feb 5, 2025Reported Feb 5	$23.19	$19.00	$17.41 - $21.80	+22.05%	Beat	6	1 1 30d	+286.5%
Sep 30, 2024Sep 24 Reported Oct 30, 2024Reported Oct 30	$20.92	$21.67	$17.65 - $25.69	-3.46%	Miss	7	2 0 30d	+26.0%
Jun 30, 2024Jun 24 Reported Jul 31, 2024Reported Jul 31	$26.43	$21.77	$18.00 - $24.11	+21.41%	Beat	8	0 1 30d	+15.4%
Mar 31, 2024Mar 24 Reported May 1, 2024Reported May 1	$21.23	$18.30	$15.73 - $20.56	+16.01%	Beat	7	1 0 30d	+32.0%
Dec 31, 2023Dec 23 Reported Jan 31, 2024Reported Jan 31	$6.00	N/A	-	-73.57%	Miss	7	No revisions (30d)	-76.5%

Key Metrics

Valuation
P/E Ratio	16.79	EV/EBITDA	0.30x
Price/FCF	0.00x	FCF Yield	5100888.75%
Profitability
Profit Margin	11.10%	Operating Margin	9.88%
ROE	9.75%	ROIC	8.02%
Financial Health
Debt/Equity	0.24x	Interest Coverage	11.41x
Current Ratio	N/A	Quick Ratio	N/A
Trading Statistics
Beta	0.58	Avg Volume	64.54K
52-Week High	$2207.59	52-Week Low	$1704.17

Technical Indicators Dashboard

Moving Averages

SMA 10$1896.13

SMA 20$1870.00

SMA 50$1810.05

SMA 200$1892.93

EMA 10$1905.76

EMA 20$1873.41

EMA 50$1841.16

EMA 200$1880.10

MACD

Line: 37.50Signal: 29.67Hist: 7.83

ADX

ADX: 36.9+DI: 34.2-DI: 16.7

Aroon & PSAR

Aroon Up96.0

Aroon DownN/A

PSAR$1861.17

Bollinger Bands

Upper Band$1965.66

Lower Band$1774.34

%B Position1023%(Upper)

Band Width0.86

RSI (14-Day)

Neutral

67.6

Momentum Oscillators

Stoch %K77.9

Stoch %D84.0

Williams %R-36.4

ROC (10d)3.7%

Momentum69.62

CCI (20d)112.4

MFI (14d)73.0

Volatility Measures

ATR (14d)$36.45(1.9%)

StdDev (20d)47.83

Hist Vol19.0%(Low)

Volume Flow

VWAP$1929.13

OBV-79.5K

AD Line-1.3M

CMF (20d)0.010

Volume Metrics

Avg Vol (20d)64.7K

Vol Ratio1.1x

VWMA (20d)$1873.84

Pivot Points

R3$2038.71

R2$2018.35

R1$1984.13

Pivot Point$1963.77

S1$1929.55

S2$1909.19

S3$1874.97

Advanced Oscillators

TSI31.53

Ultimate Osc53.2

KST69.29

Financial Data

Quarter	Sep 2026	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023
Total Revenue	$4.11B	$3.97B	$3.50B	$3.53B	$3.88B	$3.97B	$3.50B	$2.90B	$3.64B	$3.65B	$4.42B	$3.07B
Cost of Revenue	N/A	N/A	$1.17B	$1.28B	$1.98B	$1.96B	$1.82B	$1.24B	$1.90B	$1.84B	$1.82B	$2.19B
Gross Profit	N/A	N/A	$2.38B	$2.94B	$2.41B	$2.45B	$1.50B	$2.60B	$2.60B	$1.87B	$2.69B	$2.37B

Operating Expenses	$3.76B	$2.45B	$3.77B	$2.79B	$2.91B	$3.11B	$3.34B	$2.18B	$2.43B	$3.28B	$3.08B	$2.07B
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Operating Income	N/A	N/A	$-273,329,000	$734.16M	$978.44M	$862.36M	$157.75M	$723.51M	$1.21B	$366.09M	$1.34B	$1.01B

Interest Income	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Interest Expense	$50.86M	$52.39M	$50.89M	$50.02M	$50.68M	$53.08M	$52.14M	$52.79M	$53.36M	$52.60M	$45.55M	$43.87M
Income Before Tax	$346.75M	$1.52B	$-269,938,000	$734.16M	$978.44M	$862.36M	$157.75M	$723.51M	$1.21B	$366.09M	$1.34B	$1.01B
Income Tax Expense	$76.62M	$332.87M	$-65,582,000	$152.07M	$214.66M	$185.17M	$28.40M	$162.08M	$259.41M	$76.24M	$292.56M	$212.71M

Net Income	$270.14M	$1.19B	$-204,356,000	$582.09M	$763.79M	$677.18M	$129.35M	$561.43M	$946.94M	$289.85M	$1.05B	$794.09M

EBITDA	$390.01M	$1.56B	$-226,425,000	$776.95M	$1.02B	$913.57M	$204.69M	$770.01M	$1.25B	$410.33M	$1.39B	$1.05B
EBIT	$346.75M	$1.52B	$-269,938,000	$734.16M	$978.44M	$862.36M	$157.75M	$723.51M	$1.21B	$366.09M	$1.34B	$1.01B

* Some calculated fields are derived from available data when not provided by source

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Government Contracts

Gov Obligations (TTM)

$130404

Gov Obligations / Revenue

0.0%

Obligations YoY

N/A

Active Awards

New Awards (TTM)

Avg Remaining Term

2.3 mo

Top agency: Department of Defense at 64.3% of trailing twelve month obligations across 3 agencies

Recent Awards

Award ID	Agency	Obligated	Start	End	Description
15B31526P00000094	Department of JusticeFederal Prison System / Bureau of Prisons	$19069	Apr 14, 2026	May 22, 2026	[FIRE PUMP] CONTROL VALVE - DIESEL PUMP HOUSE PUMP INLET REPLACE THE ROTATING ASSEMBLY AT FCC YAZOO CITY MED POWERHOUSE ONE YEAR WARRANTY
15B31526P00000067	Department of JusticeFederal Prison System / Bureau of Prisons	$16913	Mar 3, 2026	Apr 30, 2026	REPLACE THE PACKING FOR THE FIRE PUMP AND PROVIDE AND INSTALL A MINOR REPAIR KIT FOR THE FIRE PUMP AT FCC YAZOO CITY MEDIUM POWERHOUSE.
140P2125P0104	Department of the InteriorNational Park Service	$10564	Sep 25, 2025	Dec 31, 2025	FIRE ALARM PANEL REPLACEMENT AT CUE
70Z02825PMIAM0113	Department of Homeland SecurityU.S. Coast Guard	$0	Oct 1, 2025	Sep 30, 2026	FY26 STATION ST. PETERSBURG ALARM MONITORING

Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

News

Markel Group Inc. Acquires New Holdings in Watts Water Technologies, Inc. $WTS

Markel Group Inc. has acquired a new stake in Watts Water Technologies, purchasing 3,377 shares valued at approximately $1.2 million in the third quarter. Watts Water Technologies reported strong quarterly earnings...

MarketBeat•Nov 4, 2026 5:10 AM ET11/4/26•Somewhat-Bullish

Costco Wholesale Corporation $COST Stake Reduced by Markel Group Inc.

Markel Group Inc. significantly reduced its stake in Costco Wholesale Corporation by 13.8% in the third quarter, selling 5,402 shares and holding 33,748 shares valued at $30.72 million. Despite this...

MarketBeat•Nov 4, 2026 5:10 AM ET11/4/26•Somewhat-Bearish

Markel, Enstar Announce $4.8 Billion Reinsurance Agreement

Markel Insurance and Enstar have finalized a $4.8 billion adverse development cover (ADC) reinsurance agreement, transferring $2.3 billion in reserves from Markel's global reinsurance business to Enstar...

Program Business•Nov 2, 2026 9:10 AM ET11/2/26•Somewhat-Bullish

Markel Expects to See Runoff Certainty With Enstar’s $1.2B Adverse Development Cover

Markel Group has entered into a $1.2 billion adverse development cover (ADC) reinsurance agreement with Enstar Group for underwriting years 2025 and prior...

Insurance Journal•Oct 30, 2026 5:52 PM ET10/30/26•Somewhat-Bullish

Fund Update: New $9.8M $XOM stock position opened by MARKEL GROUP INC.

MARKEL GROUP INC. has initiated a new $9.8 million position in Exxon Mobil (XOM) stock, as revealed in a recent SEC 13F filing for the report period ending September 30...

Quiver Quantitative•Oct 30, 2026 4:41 PM ET10/30/26•Neutral

MKL Valuation and Fair Value

P/E: 16.8x
Forward P/E: 16.7x
EV/EBITDA: 0.3x
P/FCF: 0.0x
PEG: 1.9x
P/B: 0.0x

See GNG's fair value

MKL Profitability: Margins, ROIC and FCF

Operating margin: 9.9%
Net margin: 11.1%
ROIC: 8.0%
ROE: 9.8%
FCF margin: 11.9%
FCF yield: 5100888.8%

MKL Competitors

Company	Ticker
Principal Financial Group Inc	PFG
T. Rowe Price Group Inc	TROW
Regions Financial Corporation	RF
Loews Corp	L
Synchrony Financial	SYF
Grupo Cibest S.A.	CIB
Brown & Brown Inc	BRO
KeyCorp	KEY

Sector: Financial Services

MKL Analyst Ratings

Consensus: Hold
Analysts: 7
Strong Buy: 0
Buy: 0
Hold: 6
Sell: 1
Strong Sell: 0

MKL Bull Case vs Bear Case

Bull case

MKL beat EPS estimates in 75.0% of its last 8 reported quarters.

Bear case

MKL's quarterly revenue changed -11.2% year over year.

MKL Earnings: Beat Rate and Next Report

Beat rate: 6 of 8 quarters (75.0%)
Average surprise: 14.3%
EPS estimate (fiscal period ending Dec 31, 2026): $12.45

MKL Earnings Date

MKL reports Feb 2, 2027, after the close. The date is estimated.

MKL Earnings Call

The latest MKL earnings call transcript on file is labeled 2026Q3.

Read the 2026Q3 transcript

MKL ETF Holders

GNG tracks 18 ETFs that hold MKL. The largest weights:

iShares U.S. Financials ETF (IYF), 0.35% of the fund
Vanguard Extended Market Index Fund ETF Shares (VXF), 0.30% of the fund
Vanguard Morningstar Mid-Cap ETF (VO), 0.20% of the fund
Fidelity Mid Cap Index Fund (FSMDX), 0.20% of the fund
iShares Systematic Alternatives Active ETF (IALT), 0.12% of the fund

Open the ETF Stock Exposure tool for MKL

See insider activity

Frequently Asked Questions About MKL

When does MKL report earnings?

Markel Corporation (MKL) is expected to report earnings on Feb 2, 2027.

Does MKL pay dividends?

Markel Corporation (MKL) does not currently pay a regular dividend.

What is MKL's P/E ratio?

Markel Corporation has a price-to-earnings (P/E) ratio of 16.79.

What is MKL's market cap?

Markel Corporation (MKL) has a market capitalization of $23.85B with a current stock price of $1939.71.

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