Filing Flows › Comparisons › MKL vs WRB
Markel Group vs Berkley W R: MKL and WRB compared
Markel Group is the larger company: $4.2B of revenue in its latest quarter (Q3 2026) against $3.7B for Berkley W R (Q3 2026). Markel Group is growing faster (+6% against -0.8% a year earlier). Berkley W R is more profitable, with an operating margin of 15.4% against 9.2%.
Where the money goes: MKL and WRB
Markel Group (MKL) · Q3 2026
Markel Group, Q3 2026: revenue $4.2B (+6% year over year), operating margin 9.2%, net earnings $259M, operating cash flow $946M. The chart follows the revenue to costs, profit and cash.
Berkley W R (WRB) · Q3 2026
Berkley W R, Q3 2026: revenue $3.7B (-0.8% year over year), operating margin 15.4%, net earnings $448M, operating cash flow $731M. The chart follows the revenue to costs, profit and cash.
| Markel Group (MKL) | Berkley W R (WRB) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.2B | $3.7B |
| Revenue growth, Y/Y | +6% | -0.8% |
| Operating margin | 9.2% | 15.4% |
| Net earnings | $259M | $448M |
| Net margin | 6.2% | 12.0% |
| Operating cash flow | $946M | $731M |
| Free cash flow | $849M | — |
| Market value | $24.1B | $30.1B |
| P/E | 13.8× | 16.3× |
| Analysts’ mean target | $1966.83 | $69.18 |
Questions
Which is bigger, Markel Group or Berkley W R?
Markel Group is the larger company: $4.2B of revenue in its latest quarter (Q3 2026) against $3.7B for Berkley W R (Q3 2026).
Is Markel Group or Berkley W R growing faster?
Markel Group is growing faster (+6% against -0.8% a year earlier).
Which is more profitable, Markel Group or Berkley W R?
Berkley W R is more profitable, with an operating margin of 15.4% against 9.2%.
More: Markel Group earnings · how Markel Group makes money · Berkley W R earnings · how Berkley W R makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.