Filing Flows › Markel Group (MKL) › Q1 2025
Markel Group (MKL) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Markel Group (MKL) reported revenue of $3.5B for the first quarter 2025 (Q1 2025), -21% from a year earlier and -8% from the quarter before. Operating margin was 8.0%, net earnings $122M (3.4% of revenue).
Markel Group, Q1 2025: revenue $3.5B (-21% year over year), operating margin 8.0%, net earnings $122M, operating cash flow $376M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | -8% | -21% |
| Operating profit | $283M | -53% | -79% |
| Net earnings | $122M | -78% | -88% |
| Operating cash flow | $376M | -24% | -40% |
| Free cash flow | $335M | -20% | -40% |
What changed
Revenue was $3.5B in Q1 2025, down 21% year over year and down 8% from the previous quarter.
Operating profit was $0.28B, a 8.0% margin (down 21.9 points year over year). Total costs grew 4% against a revenue fall of 21%. Net earnings were $0.12B, down 88% year over year. The effective tax rate was 18.0%.
Operating cash flow was $0.38B (down 40% year over year), 291% of net income including minority interests. Working capital and other items added $0.25B. Capital expenditures of $0.04B left free cash flow of $0.34B.
Questions
What was Markel Group's revenue in the first quarter 2025?
Markel Group (MKL) reported revenue of $3.5B for the first quarter 2025 (Q1 2025), -21% from a year earlier and -8% from the quarter before.
Was Markel Group profitable in the first quarter 2025?
Operating profit was $283M (8.0% of revenue) and net earnings $122M.
Source: Markel Group 10-Q on SEC EDGAR.