{"id":809498,"date":"2025-02-05T16:39:54","date_gmt":"2025-02-05T21:39:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/markel-group-reports-2024-financial-results\/"},"modified":"2025-02-05T16:39:54","modified_gmt":"2025-02-05T21:39:54","slug":"markel-group-reports-2024-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/markel-group-reports-2024-financial-results\/","title":{"rendered":"Markel Group reports 2024 financial results"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n RICHMOND, Va.<\/span>
\n <\/span>, Feb. 5, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0Markel Group Inc. (NYSE: MKL) today reported its financial results for the year ended December\u00a031, 2024.<\/p>\n

\n

\n
\n \"Markel
\n <\/a>\n <\/p>\n<\/p><\/div>\n

“In 2024, we exceeded our target with strong returns from our public equity portfolio, continued growth in Ventures, and notable performance in many areas of our insurance business, all while staying true to our values and striving for excellence,” said Tom Gayner<\/span>, Chief Executive Officer of Markel Group. “Over the past two years, Markel Group has made significant strides in improving accountability, capital allocation, and leadership. As we continue to build on this progress, we are committed to enhancing our insurance performance and driving profitable growth across our entire family of businesses.”<\/p>\n

The following table presents summary financial data, by engine, for 2024 and 2023.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n Years Ended December 31,<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n
\n (dollars in thousands, except per share amounts)<\/u>
\n <\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2023<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Operating revenues:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Insurance (1)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,727,717<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,577,130<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Investments:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net investment income<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 913,478<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 729,219<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net investment gains<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 1,807,219<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,524,054<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 52,253<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (11,854)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total Investments<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2,772,950<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,241,419<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Markel Ventures<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 5,120,096<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,985,081<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total operating revenues<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 16,620,763<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 15,803,630<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Operating income:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Insurance (1)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 601,002<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 348,145<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Investments:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net investment income<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 913,478<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 729,219<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net investment gains<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 1,807,219<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,524,054<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 52,253<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (11,854)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total Investments<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2,772,950<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,241,419<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Markel Ventures<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 520,082<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 519,878<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Consolidated segment operating income (2)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 3,894,034<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,109,442<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Amortization of acquired intangible assets<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (181,472)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (180,614)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total operating income<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,712,562<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,928,828<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Comprehensive income to shareholders<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,608,150<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,285,344<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Diluted net income per common share<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 199.32<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 146.98<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Combined ratio<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 95.2\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 98.4\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n\n\n\n\n
\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n (1)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n See “Insurance Results” for the components of our Insurance engine operating revenues and operating income.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n (2)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n See “Supplemental Financial Information” for additional information on this non-GAAP measure.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

Highlights of our 2024 results include:<\/p>\n