Markel Group Inc

Markel Group Inc

MKL

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Market Cap$23.32B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Markel Group IncMarkel Group Inc10.3-20%1.40.6

Earnings Call Q2 2026

July 30, 2026 - AI Summary

Insurance performance “right now” improved; combined ratio ~93% (low-90s run-rate) - Markel Insurance reported a ~93% combined ratio for the quarter (improving vs 97% in Q2’25) and 93% vs 96% for the first half. - Improvement attributed to favorable prior-year reserve development and a slightly lower expense ratio, partially offset by ~$41m (2 points) of Middle East conflict catastrophe losses in Q2 (and $76m (2 points) in 1H’26). - Excluding Global Re exit and Hagerty model transition, underwriting top-line growth was ~10% (the “sanity over vanity” theme: disciplined underwriting vs chasing volume).
Key negative item: State National counterparty/collateral issue—$205m reserve charge (first substantial credit loss in 40+ years) - Markel disclosed a collateral shortfall tied to a capacity provider in bankruptcy for a State National Programs relationship. - After actuarial work (including an outside third party focused specifically on that contract), the company recorded a reserve of $205 million in Q2. - Management stressed it was driven by a unique confluence of factors (nature of business written, jurisdictions, and loss development pace). They reiterated a conservative reserving philosophy and said the charge should recognize “bad news quickly.”
Consolidated results: earnings up vs last year, but “adjusted operating income” softened—investor should separate underwriting vs markets - Operating income (includes net investment gains) was $1.6b in Q2’26 vs $1.1b in Q2’25; first half $1.3b vs $1.4b. - Adjusted operating income (excludes net investment gains + amortization) was $436m in Q2 vs $578m in Q2’25; $934m vs $1.1b for 1H. - Management attributed volatility mainly to public equity market swings and emphasized longer-term adjusted operating income as the cleaner “right now” metric.

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$1950.00

Target Price by Analysts

3.3% upsideMarkel Group Target Price DetailsTarget Price
$5573.95

Current Fair Value

195.3% upside

Undervalued by 195.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$23.32 Billion
Enterprise Value$32.19 Billion
Dividend Yield$- (-)
Earnings per Share$169.74
Beta0.66
Outstanding Shares11,232,487

Return

Return on Equity19.56%ROE
Return on Assets5.22%
Return on Invested Capital4.98%

Valuation & Multiples

P/E Ratio10.31P/E Ratio
PEG13.44PEG
Price to Sales1.38Price to Sales
Price to Book Ratio1.12Price to Book Ratio
Enterprise Value to Revenue2.1
Enterprise Value to EBIT10.49
Enterprise Value to Net Income8
Total Debt to Enterprise0.38
Debt to Equity0.65Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 29, 2026
EPS Estimate
$30.64
Average shareholder expectation
Revenue Estimate
$4.50 B
Average shareholder expectation

Next Earnings Call

Expected Date
November 4, 2026
EPS Estimate
$27.55
Average shareholder expectation
Revenue Estimate
$3.81 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000▼ 23.47%
Total Calls-▼ 100.00%
Total Puts4,644▼ 62.24%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %9.40%▼ 66.53%
Total Invested$2.06B▼ 88.83%
Investors Holding340▼ 596.00%

ESG Score

No data

About Markel Corp

Relevant Senate Committees

Joint Committee on Taxation

Provides critical revenue estimates and technical analysis for all tax legislation, directly influencing corporate tax structures, capital investment, and the financial burden on insurers.

Finance

This committee controls taxation, trade, and entitlement spending. Tax policy directly impacts an insurer's profitability, corporate valuations, and the overall economic landscape.

Agriculture, Nutrition, and Forestry

Oversees the CFTC, which directly regulates the derivatives/futures markets that insurers utilize for investment and hedging. It also defines emerging asset classes like cryptocurrencies as commodities, impacting investment strategies.

Banking, Housing, and Urban Affairs

Directly regulates the financial system, including the SEC (relevant for Markel's investment activities) and HUD, profoundly impacting real estate markets crucial for property insurance and overall financial stability.

Select Committee on Intelligence

Members receive classified briefings on global threats (e.g., terrorism, cyber warfare), providing non-public material information critical for assessing and pricing catastrophic and cybersecurity risks for insurers.

Commerce, Science, and Transportation

Has oversight of the FTC, which regulates business practices relevant to insurers. Privacy laws and regulations on interstate commerce directly impact data-intensive insurance operations. Also regulates key client industries like aerospace and telecommunications.