---
schema_version: "secwatch.filing_event.v1"
accession: "0001096343-24-000005"
form_type: "8-K"
ticker: "MKL"
cik: "0001096343"
company_name: "MARKEL GROUP INC."
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T12:50:14.177158+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Markel Group 2023 net income $146.98/diluted share; underwriting profit down 79% to $132.7M

## Summary
- Diluted EPS $146.98 vs ($23.72); comprehensive income $2.29B vs ($1.21B) loss in 2022.
- Earned premiums +9% to $8.30B; combined ratio 98% vs 92% due to higher attritional loss ratio.
- Net investment income +64% to $734.5M on higher yields; equity portfolio net gains $1.52B.
- Markel Ventures operating income +35% on higher margins; operating revenues $4.99B.
- Five-year book value per share CAGR 11%; share price CAGR 6%.

## SEC filing metadata
- accession: 0001096343-24-000005
- form_type: 8-K
- ticker: MKL
- cik: 0001096343
- company_name: MARKEL GROUP INC.
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1096343/000109634324000005/0001096343-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1096343/000109634324000005/mkl-20240131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096343-24-000005
- JSON: https://secwatch.observer/filing/0001096343-24-000005.json
- Plain text: https://secwatch.observer/filing/0001096343-24-000005.txt

## Key facts
- Earnings Releases
  MARKEL GROUP INC. reported the year ended December 31, 2023 results: revenue $ 8,295,479, EPS Diluted net income (loss) per common share $ 146.98.
  - Period: the year ended December 31, 2023
  - Revenue: $ 8,295,479
  - EPS: Diluted net income (loss) per common share $ 146.98
  - Result: reported results
  source text: value of our equity portfolio included cumulative unrealized gains of $6.1 billion. Years Ended December 31, (in thousands, except per share amounts) 2023 2022 Earned premiums $ 8,295,479 $ 7,587,792 Markel Ventures operating revenues $ 4,985,081 $ 4,757,527 Net investment income $ 734,532 $ 446,755 Net investment gains (losses) $ 1,524,054 $ (1,595,733)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1096343/000109634324000005/0001096343-24-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.