MKL — Markel Income Statement

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Annual income statement for Markel, fiscal year end - December 31st, USD millions except per share, conversion factor applied.

	R2021 December 31st	R2022 December 31st	2023 December 31st	2024 December 31st	2025 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	10-K	10-K	10-K	10-K	10-K
Standards:	USG	USG	USG	USG	USG
Status:	Final	Final	Final	Final	Final
Total Premiums Earned
Net Investment Income
Realized & Unrealized Gains / Losses
Other Revenue
Total Revenue	12,846	11,675	15,804	16,621	16,589
Losses, Benefits, and Adjustments
Depreciation and Amortization
Unusual Expense / Income
Other Operating Expenses
Total Operating Expenses	9,605	11,769	12,875	12,908	13,394
Operating Profit	3,242	-93.3	2,929	3,713	3,195
Total Net Non Operating Interest Income / Expense
Net Income Before Taxes	3,130	-152	2,654	3,638	2,733
Provision for Income Taxes
Net Income After Taxes	2,446	-103	2,101	2,847	2,152
Minority Interest
Net Income Before Extraordinary Items
Net Income	2,423	-216	1,996	2,747	2,107
Adjustments to Net Income
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Diluted Net Income	2,434	-322	1,966	2,599	2,140
Diluted Weighted Average Shares
Basic EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items
Diluted EPS Excluding Extraordinary Items
Normalised Income Before Taxes
Normalised Income After Taxes
Normalised Income Available to Common Shareholders
Diluted Normalised EPS	176	-19.9	147	199	169