Markel (MKL) Revenue & Revenue Breakdown

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Markel Revenue Highlights

Latest Revenue (Y)

$16.62B

Latest Revenue (Q)

$4.60B

Main Segment (Y)

Insurance

Main Geography (Y)

Other

Markel Revenue by Period

Markel Revenue by Year

Date	Revenue	Change
2024-12-31	$16.62B	5.17%
2023-12-31	$15.80B	33.75%
2022-12-31	$11.82B	-8.54%
2021-12-31	$12.92B	34.02%
2020-12-31	$9.64B	1.21%
2019-12-31	$9.52B	37.08%
2018-12-31	$6.95B	14.62%
2017-12-31	$6.06B	8.01%
2016-12-31	$5.61B	4.51%
2015-12-31	$5.37B	4.60%
2014-12-31	$5.13B	18.75%
2013-12-31	$4.32B	44.10%
2012-12-31	$3.00B	14.07%
2011-12-31	$2.63B	18.18%
2010-12-31	$2.23B	7.54%
2009-12-31	$2.07B	9.01%
2008-12-31	$1.90B	-23.55%
2007-12-31	$2.48B	-1.42%
2006-12-31	$2.52B	14.49%
2005-12-31	$2.20B	-2.74%
2004-12-31	$2.26B	8.13%
2003-12-31	$2.09B	18.17%
2002-12-31	$1.77B	26.68%
2001-12-31	$1.40B	27.68%
2000-12-31	$1.09B	108.74%
1999-12-31	$524.32M	23.08%
1998-12-31	$426.00M	1.67%
1997-12-31	$419.00M	14.26%
1996-12-31	$366.70M	6.72%
1995-12-31	$343.60M	22.85%
1994-12-31	$279.70M	19.07%
1993-12-31	$234.90M	-

Markel generated $16.62B in revenue during NA 2024, up 5.17% compared to the previous quarter, and up 174.52% compared to the same period a year ago.

Markel Revenue by Quarter

Date	Revenue	Change
2025-06-30	$4.60B	38.37%
2025-03-31	$3.33B	-17.29%
2024-12-31	$4.02B	-10.62%
2024-09-30	$4.50B	21.27%
2024-06-30	$3.71B	-17.87%
2024-03-31	$4.52B	-0.94%
2023-12-31	$4.56B	33.58%
2023-09-30	$3.41B	-17.28%
2023-06-30	$4.13B	14.32%
2023-03-31	$3.61B	-11.30%
2022-12-31	$4.07B	28.02%
2022-09-30	$3.18B	67.60%
2022-06-30	$1.90B	-27.84%
2022-03-31	$2.63B	-30.33%
2021-12-31	$3.77B	37.96%
2021-09-30	$2.74B	-21.39%
2021-06-30	$3.48B	19.11%
2021-03-31	$2.92B	-10.42%
2020-12-31	$3.26B	14.68%
2020-09-30	$2.84B	-8.41%
2020-06-30	$3.10B	615.51%
2020-03-31	$433.95M	-82.82%
2019-12-31	$2.53B	21.05%
2019-09-30	$2.09B	-15.28%
2019-06-30	$2.46B	0.58%
2019-03-31	$2.45B	125.89%
2018-12-31	$1.08B	-51.63%
2018-09-30	$2.24B	8.09%
2018-06-30	$2.07B	33.46%
2018-03-31	$1.55B	-6.55%
2017-12-31	$1.66B	10.37%
2017-09-30	$1.51B	1.66%
2017-06-30	$1.48B	4.94%
2017-03-31	$1.41B	-1.18%
2016-12-31	$1.43B	-0.19%
2016-09-30	$1.43B	4.02%
2016-06-30	$1.38B	-0.02%
2016-03-31	$1.38B	-3.12%
2015-12-31	$1.42B	5.79%
2015-09-30	$1.34B	2.92%
2015-06-30	$1.30B	0.19%
2015-03-31	$1.30B	-2.52%
2014-12-31	$1.34B	2.81%
2014-09-30	$1.30B	3.20%
2014-06-30	$1.26B	1.56%
2014-03-31	$1.24B	-3.14%
2013-12-31	$1.28B	7.39%
2013-09-30	$1.19B	15.50%
2013-06-30	$1.03B	25.85%
2013-03-31	$819.86M	1.47%
2012-12-31	$807.96M	5.51%
2012-09-30	$765.77M	10.46%
2012-06-30	$693.25M	-5.44%
2012-03-31	$733.13M	7.01%
2011-12-31	$685.10M	1.33%
2011-09-30	$676.09M	4.47%
2011-06-30	$647.17M	4.11%
2011-03-31	$621.59M	1.58%
2010-12-31	$611.91M	9.01%
2010-09-30	$561.35M	8.91%
2010-06-30	$515.41M	-3.97%
2010-03-31	$536.72M	-11.74%
2009-12-31	$608.09M	25.30%
2009-09-30	$485.29M	-3.87%
2009-06-30	$504.82M	7.15%
2009-03-31	$471.12M	31.74%
2008-12-31	$357.62M	-13.95%
2008-09-30	$415.62M	-31.30%
2008-06-30	$604.97M	16.31%
2008-03-31	$520.12M	-11.08%
2007-12-31	$584.95M	-

Markel generated $4.60B in revenue during Q2 2025, up 38.37% compared to the previous quarter, and up 101.87% compared to the same period a year ago.

Markel Revenue Breakdown

Markel Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Other Insurance Operations	$291.87M	-	-	-	-
Insurance	$7.41B	$7.28B	-	-	-
Investing	$2.77B	$2.24B	-	-	-
Reinsurance	$1.03B	$1.01B	-	-	-
Other	-	$280.13M	$479.90M	$346.44M	$338.34M
Investing Member	-	-	-	-	-
Markel Ventures Operations	-	-	-	$3.64B	$2.79B

Markel's latest annual revenue breakdown by segment (product or service), as of Dec 24: Insurance (64.41%), Investing (24.11%), Reinsurance (8.94%), and Other Insurance Operations (2.54%).

Quarterly Revenue by Product

Product/Service	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Markel Ventures	$1.55B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Insurance Operations	-	$98.41M	$67.16M	$75.14M	$70.64M	$78.94M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance	-	$1.82B	$3.73B	$1.86B	$1.81B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Markel Ventures Operations	-	$1.13B	$1.22B	$1.36B	$950.38M	$953.53M	$908.18M	$1.08B	$706.60M	$781.46M	$824.13M	-	-	-	-	-	-	-	-	-
Investing Member	-	$81.92M	$1.17B	$99.79M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reinsurance	-	$271.55M	$512.89M	$250.68M	$264.63M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investing	-	$81.92M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	$168.92M	$71.36M	$39.85M	$172.05M	$67.32M	$58.79M	$181.75M	$104.53M	$83.24M	$86.22M	$72.46M	$100.83M	$63.49M	-
Other Revenues	-	-	-	-	-	-	-	$53.08M	-	-	-	-	-	-	-	-	-	-	-	-

Markel's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Markel Ventures (100.00%).

Markel Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Other	$347.56M	$280.13M	$479.90M	$346.44M	$338.34M

Markel's latest annual revenue breakdown by geography, as of Dec 24: Other (100.00%).

Quarterly Revenue by Country

Country	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
Other	$104.44M	$93.83M	$176.41M	$90.62M	$80.53M	$87.35M	$81.57M	$71.36M	$39.85M	$172.05M	$67.32M	$58.79M	$181.75M	$104.53M	$83.24M	$86.22M	$72.46M	$100.83M	$63.49M	$86.90M
Markel Ventures Operations	-	-	-	-	-	-	-	$1.39B	-	-	-	-	-	-	-	-	-	-	-	-
Investing Member	-	-	-	-	-	-	-	$647.08M	-	-	-	-	-	-	-	-	-	-	-	-
Insurance	-	-	-	-	-	-	-	$2.11B	-	-	-	-	-	-	-	-	-	-	-	-

Markel's latest quarterly revenue breakdown by geography, as of Jun 25: Other (100.00%).

Markel Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
SHG	Shinhan Financial Group	$61.33T	$20.12T
MKL	Markel	$16.62B	$4.60B
L	Loews	$14.60B	$4.55B
WRB	W. R. Berkley	$13.64B	$3.67B
CINF	Cincinnati Financial	$11.34B	$3.25B
HBAN	Huntington Bancshares	$9.92B	$3.03B
RF	Regions Financial	$7.11B	$2.43B
TROW	T. Rowe Price Group	$7.09B	$6.30T

MKL Revenue FAQ

What is Markel’s yearly revenue?

Markel's yearly revenue for 2024 was $16.62B, representing an increase of 5.17% compared to 2023. The company's yearly revenue for 2023 was $15.8B, representing an increase of 33.75% compared to 2022. MKL's yearly revenue for 2022 was $11.82B, representing a decrease of -8.54% compared to 2021.

What is Markel’s quarterly revenue?

Markel's quarterly revenue for Q2 2025 was $4.6B, a 38.37% increase from the previous quarter (Q1 2025), and a 24.05% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $3.33B, a -17.29% decrease from the previous quarter (Q4 2024), and a -26.38% decrease year-over-year (Q1 2024). MKL's quarterly revenue for Q4 2024 was $4.02B, a -10.62% decrease from the previous quarter (Q3 2024), and a -11.82% decrease year-over-year (Q4 2023).

What is Markel’s revenue growth rate?

Markel's revenue growth rate for the last 3 years (2022-2024) was 40.67%, and for the last 5 years (2020-2024) was 72.43%.

What are Markel’s revenue streams?

Markel's revenue streams in c 24 are Other Insurance Operations, Insurance, Investing, and Reinsurance. Other Insurance Operations generated $291.87M in revenue, accounting 2.54% of the company's total revenue Insurance generated $7.41B in revenue, accounting 64.41% of the company's total revenue, up 1.72% year-over-year. Investing generated $2.77B in revenue, accounting 24.11% of the company's total revenue, up 23.71% year-over-year. Reinsurance generated $1.03B in revenue, accounting 8.94% of the company's total revenue, up 1.37% year-over-year.

What is Markel’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Markel was Insurance. This segment made a revenue of $7.41B, representing 64.41% of the company's total revenue.