Markel (MKL) Revenue & Revenue Breakdown
Markel Revenue Highlights
Latest Revenue (Y)
$15.80B
Latest Revenue (Q)
$3.70B
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 |
|---|---|---|
| 2024-06-30 | $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 $3.70B in revenue during Q2 2024, up -17.12% compared to the previous quarter, and up 102.53% 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 |
|---|---|---|---|---|---|
| Investing | $2.24B | - | - | - | - |
| Reinsurance | $1.01B | - | - | - | - |
| Insurance | $7.28B | - | - | - | - |
| 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 | 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 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investing Member | $99.79M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Insurance | $1.81B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Insurance Operations | $70.64M | $78.94M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Reinsurance | $264.63M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 | $496.08M |
Markel's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Insurance (80.65%), Reinsurance (11.77%), Investing Member (4.44%), and Other Insurance Operations (3.14%).
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 | 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 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other | $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 Jun 24: Other (100.00%).
Markel Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| PGR | Progressive | $62.08B | $17.76B |
| ALL | Allstate | $57.09B | $15.71B |
| CB | Chubb | $50.50B | $13.85B |
| TRV | Travelers Companies | $41.36B | $11.28B |
| MKL | Markel | $15.80B | $3.70B |
| WRB | W. R. Berkley | $12.14B | $3.31B |
| WTM | White Mountains Insurance Group | $1.73B | $-95.80M |
| RLI | RLI | $1.51B | $416.44M |
| UFCS | United Fire Group | $1.10B | $296.00M |
| SKWD | Skyward Specialty Insurance Group | $885.97M | $279.95M |
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 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). The company'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). MKL's quarterly revenue for Q4 2023 was $4.64B, a 37.55% increase from the previous quarter (Q3 2023), and a 13.08% increase year-over-year (Q4 2022).
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 Investing, Reinsurance, Insurance, and Other. Investing generated $2.24B in revenue, accounting 20.72% of the company's total revenue Reinsurance generated $1.01B in revenue, accounting 9.38% of the company's total revenue Insurance generated $7.28B in revenue, accounting 67.32% 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.