NYSE$MKL
Markel Corp · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Markel Group reported Q3 2025 operating revenues of $3.93B with net income of $764M and diluted EPS of $59.25.
Operating revenues were $3.93 billion across insurance, Markel Ventures, and investment operations. Net income was $763.8 million; diluted EPS was $59.25, reflecting underwriting results and investment income. The diversified holding company model balances volatile insurance cycles with industrial operating businesses.
- Q3 operating revenues $3.93B.
- Net income $763.8M; diluted EPS $59.25.
- Insurance operations and Markel Ventures contribute.
- Investment income and equity marks affect volatility.
- Catastrophe losses and rates influence underwriting.
Headline financials
Revenue & EPS history
Markel · Revenue · Quarterly
$3.93B
Forward guidance
Markel emphasizes underwriting discipline, Ventures operating income, and investment results.
Tailwinds
- Insurance rate adequacy and retention.
- Industrial portfolio cash generation.
- Investment income diversification.
Headwinds
- Catastrophe losses.
- Softening commercial lines pricing.
- Equity market volatility.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2025
+0.3%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.3%
Avg return
30 days after
51%
35 / 69 earnings
Positive
+10.7%
Q4 2024
Best reaction
-11.5%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.0% | +0.3% | +3.2% | |
| Q4 2025 | +2.0% | +2.4% | -3.5% | |
| Q3 2025 | +6.4% | +8.5% | +13.9% | |
| Q1 2025 | +0.3% | +3.1% | +6.8% | |
| Q4 2024 | +10.7% | +4.6% | +1.8% | |
| Q3 2024 | -1.4% | -0.9% | +14.0% | |
| Q2 2024 | -4.8% | -8.1% | -2.7% | |
| Q1 2024 | +8.1% | +9.2% | +12.6% | |
| Q4 2023 | -7.0% | -5.5% | -0.5% | |
| Q3 2023 | -11.5% | -9.2% | -3.1% | |
| Q2 2023 | +2.8% | +4.4% | +3.8% | |
| Q1 2023 | +0.4% | +4.3% | +0.8% | |
| Q4 2022 | -7.5% | -3.9% | -4.6% | |
| Q3 2022 | +0.1% | +0.4% | +11.5% | |
| Q2 2022 | -4.9% | -8.5% | -6.2% | |
| Q1 2022 | -3.5% | -6.8% | -5.1% | |
| Q4 2021 | -0.2% | +0.0% | -0.3% | |
| Q3 2021 | -0.4% | -0.3% | -7.1% | |
| Q2 2021 | +0.3% | +4.2% | +4.9% | |
| Q1 2021 | -1.2% | +0.2% | +3.1% | |
| Q4 2020 | +5.9% | +11.1% | +11.1% | |
| Q3 2020 | -6.0% | -6.3% | +1.1% | |
| Q2 2020 | -0.3% | +2.9% | +9.5% | |
| Q1 2020 | +1.1% | -7.4% | +3.3% | |
| Q4 2019 | +6.9% | +10.7% | +4.3% | |
| Q3 2019 | +4.7% | +4.6% | +1.5% | |
| Q2 2019 | -0.1% | +0.4% | +2.4% | |
| Q1 2019 | +0.4% | +0.4% | -0.2% | |
| Q4 2018 | -4.5% | -4.5% | -9.9% | |
| Q3 2018 | +7.2% | +5.9% | +9.4% | |
| Q2 2018 | +4.6% | +2.4% | +4.1% | |
| Q1 2018 | -2.4% | -1.6% | -2.0% | |
| Q4 2017 | +1.5% | -0.2% | +4.5% | |
| Q3 2017 | +2.5% | +3.1% | +1.2% | |
| Q2 2017 | +0.6% | +4.3% | +2.7% | |
| Q1 2017 | +0.4% | -0.6% | -1.3% | |
| Q4 2016 | +2.3% | +3.0% | +5.8% | |
| Q3 2016 | -3.6% | -2.7% | +1.4% | |
| Q2 2016 | -3.1% | -2.1% | -2.3% | |
| Q1 2016 | +2.2% | — | — | |
| Q4 2015 | -1.8% | — | — | |
| Q3 2015 | +0.7% | — | — | |
| Q2 2015 | -1.0% | — | — | |
| Q1 2015 | +4.1% | — | — | |
| Q4 2014 | +3.7% | — | — | |
| Q3 2014 | +1.3% | — | — | |
| Q2 2014 | +0.5% | — | — | |
| Q1 2014 | -0.1% | — | — | |
| Q4 2013 | +2.3% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q1 2013 | +4.0% | — | — | |
| Q4 2012 | -0.5% | — | — | |
| Q3 2012 | +2.4% | — | — | |
| Q2 2012 | +1.4% | — | — | |
| Q1 2012 | +0.1% | — | — | |
| Q1 2009 | -0.5% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q3 2011 | +1.3% | — | — | |
| Q2 2011 | -1.5% | — | — | |
| Q1 2010 | -1.2% | — | — | |
| Q1 2011 | +1.6% | — | — | |
| Q4 2008 | -1.1% | — | — | |
| Q3 2010 | -2.2% | — | — | |
| Q3 2009 | -2.2% | — | — | |
| Q4 2009 | -0.2% | — | — | |
| Q2 2010 | -0.2% | — | — | |
| Q2 2009 | -0.2% | — | — |
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