SuperworthMarkel profit margin MKL
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 14.7%
- Operating margin, 12 months
- 19.9%
- Net margin on a year earlier
- −0.1 pts
- Peer median
- 12.2%
Over the twelve months to Jun 30, 2026, Markel kept 14.7% of its revenue as net profit, with an operating margin of 19.9%.
Five years earlier its net margin was 21.0%.
The median for 10 property and casualty insurers of a similar size is 12.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 13.6% | 20.6% |
| FY2024 | 17.5% | 23.6% |
| FY2023 | 12.6% | 18.5% |
| FY2022 | −1.9% | −0.8% |
| FY2021 | 18.9% | 25.2% |
| FY2020 | 8.4% | 13.1% |
| FY2019 | 18.8% | 26.0% |
| FY2018 | −1.9% | 0.6% |
| FY2017 | 6.5% | 3.6% |
| FY2016 | 8.1% | 14.3% |
| FY2015 | 10.9% | 16.0% |
| FY2014 | 6.3% | 10.9% |
| FY2013 | 6.5% | 11.0% |
| FY2012 | 8.4% | 13.5% |
| FY2011 | 5.4% | 10.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 14.7% | −0.1 pts | 19.9% | |
| Q1 FY26 | 11.4% | −1.0 pts | 17.0% | |
| Q4 FY25 | 13.6% | −3.9 pts | 20.6% | |
| Q3 FY25 | 13.5% | −4.4 pts | 19.5% | |
| Q2 FY25 | 14.8% | +1.8 pts | 22.2% | |
| Q1 FY25 | 12.5% | −2.8 pts | 18.0% | |
| Q4 FY24 | 17.5% | +4.9 pts | 23.6% | |
| Q3 FY24 | 18.0% | +5.5 pts | 25.7% | |
| Q2 FY24 | 13.0% | +0.2 pts | 18.2% | |
| Q1 FY24 | 15.2% | +12.7 pts | 21.1% | |
| Q4 FY23 | 12.6% | +14.5 pts | 18.5% | |
| Q3 FY23 | 12.5% | +12.8 pts | 18.6% |
Against its peers
Companies in Insurance - Property & Casualty nearest Markel's size, closest first, today.
| Company | Profit margin |
|---|---|
| MKLMarkel | 14.7% |
| LLoews | 9.0% |
| CINFCincinnati Financial | 23.8% |
| WRBW. R. Berkley | 12.9% |
| EGEverest | 11.4% |
| RNRRenaissancere | 23.8% |
| CNACNA Financial | 8.2% |
| AFGAmerican Financial | 11.5% |
| ALLAllstate | 19.0% |
| KNSLKinsale Capital | 28.5% |
| THGHanover Insurance | 11.2% |
| Peer median | 12.2% |
Where Markel ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Markel
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.