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Markel Group vs W. R. Berkley

Markel Group and W. R. Berkley are similar in size: $15.51bn and $14.71bn of revenue in their latest fiscal years. W. R. Berkley grew faster (7.8% against 4.7%). Markel Group kept more of each dollar of sales as profit: a net margin of 13.6% against 12.1%. W. R. Berkley carries less debt relative to equity (0.0% against 23.1%).

Latest fiscal yearMarkel GroupMKL, 2025W. R. BerkleyWRB, 2025
Revenue $15.51bn $14.71bn
Revenue growth 4.7% 7.8%
Net income $2.11bn $1.78bn
Operating margin 20.6% —
Net margin 13.6% 12.1%
Return on equity 11.9% 19.7%
Free cash flow $2.55bn $3.58bn
Cash $3.96bn $2.54bn
Total debt $4.30bn $0
Debt to equity 23.1% 0.0%
Dividend per share — $1.85
Dividend yield — 2.5%
Share buybacks $430m $270m
Employees 22,900 —
Market value $23.64bn $27.89bn
Price vs our value range — —
Moat score 60 (Moderate) 75 (Strong)
Insider trades, 12 months 3 buys, 23 sales 94 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.