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Markel Group Inc. balance sheet

At the end of fiscal 2025, Markel Group Inc. had total assets of $68.91bn, total liabilities of $49.80bn and shareholders' equity of $18.60bn. It held $3.96bn in cash against $4.30bn of debt: net debt of $339m.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Markel Group Inc.: balance sheet, annual
Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash and equivalents0.90.70.70.92.02.02.61.72.22.03.14.34.04.13.73.74.03.6
Inventory—————————0.30.30.40.50.60.60.70.7—
Goodwill0.40.50.60.71.01.01.21.11.82.22.32.62.92.62.62.72.82.8
Total assets10.210.811.512.624.025.224.925.932.833.337.541.748.549.855.061.968.972.1
Long-term debt——————————3.53.54.44.13.84.34.34.4
Total debt1.01.01.31.52.32.32.22.63.13.03.53.54.44.13.84.34.34.4
Total liabilities7.57.68.18.617.217.517.017.323.124.026.228.633.336.139.544.449.853.1
Shareholders' equity2.83.23.43.96.77.67.88.59.59.111.112.814.713.215.016.918.618.5
Net debt (negative = net cash)0.10.30.60.60.30.3−0.40.80.91.00.5−0.90.4−0.00.00.60.30.8
Shares outstanding—10m10m10m14m14m14m14m14m14m14m———————

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Markel Group Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Markel Group Inc.