Markel (MKL) Revenue & Revenue Breakdown

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Markel Revenue Highlights

Latest Revenue (Y)

$15.80B

Latest Revenue (Q)

$4.61B

Main Segment (Y)

Insurance

Main Geography (Y)

Other

Markel Revenue by Period

Markel Revenue by Year

Date	Revenue	Change
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 $15.80B in revenue during NA 2023, up 33.75% compared to the previous quarter, and up 227.46% compared to the same period a year ago.

Markel Revenue by Quarter

Date	Revenue	Change
2024-09-30	$4.61B	24.57%
2024-06-30	$3.70B	-17.12%
2024-03-31	$4.47B	-3.79%
2023-12-31	$4.64B	37.55%
2023-09-30	$3.38B	-18.23%
2023-06-30	$4.13B	14.32%
2023-03-31	$3.61B	-12.06%
2022-12-31	$4.11B	28.83%
2022-09-30	$3.19B	67.97%
2022-06-30	$1.90B	-28.57%
2022-03-31	$2.66B	-29.53%
2021-12-31	$3.77B	37.78%
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	-82.80%
2019-12-31	$2.52B	20.88%
2019-09-30	$2.09B	-15.32%
2019-06-30	$2.46B	0.55%
2019-03-31	$2.45B	126.07%
2018-12-31	$1.08B	-51.55%
2018-09-30	$2.24B	7.92%
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 $4.61B in revenue during Q3 2024, up 24.57% compared to the previous quarter, and up 111.72% compared to the same period a year ago.

Markel Revenue Breakdown

Markel Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Insurance	$7.28B	-	-	-	-
Reinsurance	$1.01B	-	-	-	-
Investing	$2.24B	-	-	-	-
Other	$280.13M	$479.90M	$346.44M	$338.34M	$368.50M
Investing Member	-	-	-	-	-
Markel Ventures Operations	-	-	$3.64B	$2.79B	$2.05B

Markel's latest annual revenue breakdown by segment (product or service), as of Dec 23: Insurance (67.32%), Investing (20.72%), Reinsurance (9.38%), and Other (2.59%).

Quarterly Revenue by Product

Product/Service	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	Jun 20	Mar 20	Dec 19
Reinsurance	$250.68M	$264.63M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance	$1.86B	$1.81B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investing Member	$1.17B	$99.79M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Insurance Operations	$75.14M	$70.64M	$78.94M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	$86.90M	$87.12M	-	-
Other Revenues	-	-	-	-	$53.08M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Markel Ventures Operations	-	-	-	-	-	-	-	-	$1.22B	$1.36B	$950.38M	$953.53M	$908.18M	$1.08B	$706.60M	$781.46M	$824.13M	$678.09M	$511.04M	$486.45M

Markel's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Insurance (55.49%), Investing Member (34.79%), Reinsurance (7.48%), and Other Insurance Operations (2.24%).

Markel Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Other	$280.13M	$479.90M	$346.44M	$338.34M	$368.50M

Markel's latest annual revenue breakdown by geography, as of Dec 23: Other (100.00%).

Quarterly Revenue by Country

Country	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	Mar 20	Sep 19	Jun 19
Other	$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	$87.12M	-	-

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

Markel Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PGR	Progressive	$62.08B	$19.71B
ALL	Allstate	$57.09B	$16.63B
CB	Chubb	$50.50B	$14.85B
TRV	Travelers Companies	$41.36B	$11.90B
MKL	Markel	$15.80B	$4.61B
WRB	W. R. Berkley	$12.14B	$3.38B
WTM	White Mountains Insurance Group	$1.73B	$395.40M
RLI	RLI	$1.51B	$470.00M
UFCS	United Fire Group	$1.10B	$301.17M
SKWD	Skyward Specialty Insurance Group	$885.97M	$304.63M

MKL Revenue FAQ

What is Markel’s yearly revenue?

Markel's yearly revenue for 2023 was $15.8B, representing an increase of 33.75% compared to 2022. The company's yearly revenue for 2022 was $11.82B, representing a decrease of -8.54% compared to 2021. MKL's yearly revenue for 2021 was $12.92B, representing an increase of 34.02% compared to 2020.

What is Markel’s quarterly revenue?

Markel's quarterly revenue for Q3 2024 was $4.61B, a 24.57% increase from the previous quarter (Q2 2024), and a 36.62% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $3.7B, a -17.12% decrease from the previous quarter (Q1 2024), and a -10.31% decrease year-over-year (Q2 2023). MKL's quarterly revenue for Q1 2024 was $4.47B, a -3.79% decrease from the previous quarter (Q4 2023), and a 23.71% increase year-over-year (Q1 2023).

What is Markel’s revenue growth rate?

Markel's revenue growth rate for the last 3 years (2021-2023) was 22.33%, and for the last 5 years (2019-2023) was 65.94%.

What are Markel’s revenue streams?

Markel's revenue streams in c 23 are Insurance, Reinsurance, Investing, and Other. Insurance generated $7.28B in revenue, accounting 67.32% of the company's total revenue Reinsurance generated $1.01B in revenue, accounting 9.38% of the company's total revenue Investing generated $2.24B in revenue, accounting 20.72% of the company's total revenue Other generated $280.13M in revenue, accounting 2.59% of the company's total revenue, down -41.63% year-over-year.

What is Markel’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Markel was Insurance. This segment made a revenue of $7.28B, representing 67.32% of the company's total revenue.