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Markel Group reports 2026 first quarter results

$MKLPress releaseApr 28, 2026, 4:51 PM ETRead the release

Markel Group reported a Q1 operating loss of $273 million driven by unrealized losses in its equity portfolio, though adjusted operating income excluding market movements rose 4% year-over-year to $498 million. The core insurance business performed well with a combined ratio of 93%, a three-point improvement, and adjusted operating income in that segment jumping 31% to $369 million.

Key figures

Combined ratio
93%
Operating loss
-$273,329,000
Share repurchases
$134,000,000
Comprehensive loss
-$340,430,000
Adjusted operating income
$497,746,000
Adjusted operating income growth
4%

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