Markel Group Virginia

Markel Group reports 2024 financial results

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Markel Group Inc. and Subsidiaries

Condensed Consolidated Statements of Income and Comprehensive Income

Quarters Ended December 31,

Years Ended December 31,

(dollars in thousands, except per share data)

2024

2023

2024

2023

OPERATING REVENUES

Earned premiums

$   2,117,578

$   2,174,887

$   8,432,412

$   8,295,479

Net investment income

243,689

213,297

920,496

734,532

Net investment gains

117,425

932,881

1,807,219

1,524,054

Products revenues

575,323

580,721

2,635,659

2,545,053

Services and other revenues

786,986

740,733

2,824,977

2,704,512

Total Operating Revenues

3,841,001

4,642,519

16,620,763

15,803,630

OPERATING EXPENSES

Losses and loss adjustment expenses

1,241,815

1,556,794

5,052,749

5,322,009

Underwriting, acquisition and insurance expenses

784,786

769,013

2,977,389

2,840,734

Products expenses

505,289

507,884

2,272,219

2,220,676

Services and other expenses

667,150

632,523

2,424,372

2,310,769

Amortization of acquired intangible assets

46,491

44,247

181,472

180,614

Total Operating Expenses

3,245,531

3,