Markel corporation (MKL)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
OPERATING REVENUES
Premiums Earned, Net

5,176

5,049

4,931

4,816

4,765

4,712

4,616

4,531

4,416

4,247

4,099

3,973

3,890

3,865

3,841

3,830

3,837

3,823

3,836

3,827

3,835

3,840

3,831

3,797

3,616

3,231

2,843

2,453

2,182

2,147

2,090

2,068

2,045

1,979

1,929

1,855

1,781

1,730

1,712

1,732

0

0

0

Net investment income

425

451

453

446

440

434

421

419

413

405

397

386

382

373

362

356

351

353

363

367

369

363

358

353

339

317

303

281

266

282

274

272

273

263

267

274

274

272

267

263

0

0

0

Other-than-temporary impairment losses recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-0

-4

0

0

0

Other-than-temporary impairment losses recognized in net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

12

28

36

0

0

0

Other-than-temporary impairment losses

-

-

-

-

-

-

-

-

-

7

13

10

13

18

33

51

47

44

24

8

9

4

3

5

0

-

0

0

-

-

0

0

-

-

0

0

-

11

29

41

0

0

0

Net realized investment gains

7

-1

-2

-2

-10

-11

6

18

31

47

20

36

52

66

208

184

169

150

38

42

44

50

43

52

0

-

0

0

-

-

0

0

-

-

0

0

-

48

-21

-4

0

0

0

Change in fair value of equity securities

-699

1,603

226

620

307

-425

398

-76

-175

-44

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net investment gains (losses)

-710

1,601

224

617

297

-437

404

-61

-149

-5

-2

65

64

65

175

133

122

106

14

33

34

46

51

58

62

63

46

40

37

31

35

43

36

35

39

35

31

36

-7

-31

0

0

0

Products revenues

1,612

1,609

1,605

1,581

1,552

1,497

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Services and other revenues

865

813

772

727

683

635

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other revenues

-

-

-

-

-

-

-

-

-

-

1,333

1,327

1,309

-

1,224

1,195

1,132

1,086

1,070

1,013

957

883

836

761

724

710

658

649

600

539

476

402

385

351

320

276

222

185

141

111

0

0

0

Total Operating Revenues

7,389

9,526

7,987

8,190

7,738

6,841

7,460

6,730

6,225

6,061

5,828

5,753

5,647

5,612

5,603

5,515

5,444

5,369

5,285

5,241

5,196

5,133

5,077

4,970

4,742

4,323

3,851

3,425

3,086

3,000

2,877

2,787

2,741

2,629

2,556

2,442

2,310

2,225

2,113

2,074

0

0

0

OPERATING EXPENSES
Losses and loss adjustment expenses

3,279

2,891

2,987

2,972

2,893

2,820

2,606

2,945

2,869

2,865

2,695

2,199

2,188

2,050

2,035

1,941

1,965

1,938

1,946

2,032

2,107

2,202

2,276

2,238

2,070

1,816

1,604

1,374

1,153

1,154

1,095

1,098

1,184

1,209

1,137

1,055

1,000

946

973

1,034

0

0

0

Underwriting, acquisition and insurance expenses

1,918

1,878

1,852

1,819

1,808

1,777

1,735

1,690

1,640

1,589

1,555

1,531

1,505

1,497

1,481

1,475

1,479

1,455

1,474

1,459

1,446

1,460

1,440

1,442

1,439

1,312

1,178

1,057

919

929

903

874

846

810

808

788

770

724

710

695

0

0

0

Products expenses

1,449

1,455

1,450

1,437

1,462

1,413

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Services and other expenses

718

675

579

558

517

474

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

145

148

142

134

127

115

113

104

92

80

70

68

68

68

69

71

71

68

67

61

58

57

58

61

59

55

46

37

34

33

31

29

27

24

22

20

18

16

13

10

0

0

0

Impairment of goodwill and intangible assets

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expenses

-

-

-

-

-

-

-

-

-

-

1,253

1,218

1,197

-

1,145

1,126

1,090

1,046

1,020

960

903

854

802

737

693

663

594

573

530

478

434

359

340

309

277

247

201

168

123

98

0

0

0

Total Operating Expenses

7,512

7,048

7,196

7,105

7,008

6,801

6,310

6,465

6,031

5,845

5,576

5,019

4,960

4,806

4,733

4,614

4,607

4,509

4,509

4,515

4,515

4,575

4,577

4,480

4,262

3,847

3,423

3,043

2,637

2,595

2,465

2,362

2,398

2,353

2,246

2,112

1,991

1,856

1,820

1,839

0

0

0

Operating Income (Loss)

-122

2,477

791

1,084

729

39

1,150

265

194

216

251

734

687

805

870

900

836

860

776

726

680

557

500

489

480

475

427

382

449

404

411

425

342

276

310

329

319

369

292

235

0

0

0

Interest expense

176

171

168

159

154

154

150

144

139

132

129

130

132

129

127

124

119

118

116

116

117

117

120

121

120

114

106

100

94

92

90

89

89

86

83

78

74

73

67

60

0

0

0

Net foreign exchange gains (losses)

97

-2

98

45

106

106

65

66

-19

3

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on early extinguishment of debt

-

-

0

-

-

-

0

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) Before Income Taxes

-218

2,285

714

971

681

-7

1,066

187

36

87

123

603

509

629

699

732

716

742

659

609

563

440

379

368

359

361

321

281

355

312

321

335

253

190

227

251

244

295

225

174

0

0

0

Income tax (expense) benefit

-39

486

179

231

169

122

3

-205

-228

-313

29

164

141

169

173

185

158

152

149

128

133

116

75

74

77

77

78

54

65

53

68

80

56

41

-9

6

10

27

39

18

0

0

0

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-179

1,799

534

739

512

-130

1,062

392

264

400

94

438

367

460

526

547

558

589

509

481

430

323

304

294

282

283

242

227

289

258

252

255

196

148

236

245

234

267

186

156

0

0

0

Net income attributable to noncontrolling interests

12

8

6

8

0

-2

4

2

3

5

1

2

2

4

5

7

6

6

6

5

5

2

2

2

2

2

3

4

4

4

5

5

5

6

4

3

1

0

0

1

0

0

0

Net Income (Loss) Attributable to Parent

-191

1,790

527

731

512

-128

1,058

389

261

395

93

436

365

455

520

539

552

582

502

475

424

321

302

292

279

281

239

223

285

253

246

250

191

142

231

241

232

266

185

155

0

0

0

OTHER COMPREHENSIVE INCOME
Net holding gains arising during the period

211

299

393

254

27

-241

-96

221

510

787

442

237

197

275

429

257

-122

-240

81

222

661

687

466

558

191

225

127

143

294

266

393

202

274

141

-25

232

118

195

487

440

0

0

0

Change in unrealized other-than-temporary impairment losses on fixed maturities arising during the period

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-0

-0

0

-0

-0

-0

-0

-0

-0

0

0

0

0

-0

-0

0

-2

-2

-3

-3

-1

-1

0

-0

1

4

0

0

0

Reclassification adjustments for net gains (losses) included in net income (loss)

-0

1

-3

-13

-6

-7

4

19

14

24

14

19

29

33

105

89

84

80

18

29

29

26

28

31

34

40

31

30

28

24

27

28

23

22

28

26

28

32

11

-7

0

0

0

Change in net unrealized gains on available-for-sale investments, net of taxes

211

297

396

268

34

-233

-100

201

495

763

427

218

167

242

323

167

-206

-320

62

193

632

661

437

526

156

184

96

113

266

242

368

176

255

123

-52

207

89

163

473

444

0

0

0

Change in foreign currency translation adjustments, net of taxes

-14

0

-2

-12

-19

-16

-29

1

13

10

14

-10

-20

-11

-13

-15

2

-29

-34

-51

-54

-32

-19

9

-8

-10

-11

-9

-2

1

4

-7

-3

-4

-9

-1

-4

-2

8

14

0

0

0

Change in net actuarial pension loss, net of taxes

-3

-5

-2

-2

-3

-2

-5

-5

-6

-6

17

18

18

19

0

0

0

0

14

14

14

14

-3

-3

-4

-4

-6

-6

-6

-6

8

8

8

9

-4

-3

-2

-2

-1

-1

0

0

0

Total Other Comprehensive Income

200

303

397

258

18

-247

-124

209

515

779

423

189

128

211

310

151

-204

-350

13

128

562

614

421

539

152

178

91

110

270

250

363

159

242

109

-59

208

88

163

480

457

0

0

0

Comprehensive Income (Loss)

20

2,102

931

998

531

-377

937

601

780

1,180

517

628

495

671

836

698

354

239

522

609

993

938

725

834

434

462

334

337

560

508

616

415

438

258

177

453

322

431

666

613

0

0

0

Comprehensive income attributable to noncontrolling interests

12

8

6

7

0

-2

4

2

3

5

1

2

2

4

5

7

6

6

6

5

5

2

2

2

2

2

3

4

4

4

5

4

5

6

4

3

1

1

0

1

0

0

0

Comprehensive Income (Loss) to Shareholders

8

2,093

925

990

531

-375

933

598

776

1,174

516

625

493

667

831

690

347

232

516

603

987

935

723

831

432

459

330

333

555

503

610

410

433

251

172

450

320

430

665

612

0

0

0

NET INCOME (LOSS) PER SHARE
Earnings Per Share, Basic

-100.60

36.37

13.97

36.10

42.81

-53.87

28.56

20.01

-4.25

30.46

-18.82

10.34

3.91

9.14

5.62

5.44

11.21

14.23

7.43

6.76

13.57

8.10

5.33

2.67

6.28

6.11

4.69

2.24

9.53

6.25

5.33

8.44

5.94

5.19

5.50

3.12

0.85

14.35

6.49

2.13

4.34

6.02

3.34

Earnings Per Share, Diluted

-100.60

36.29

13.95

36.07

42.76

-53.77

28.50

19.97

-4.25

30.42

-18.82

10.31

3.90

9.11

5.60

5.41

11.15

14.14

7.39

6.72

13.49

8.06

5.30

2.66

6.25

6.07

4.67

2.24

9.50

6.23

5.32

8.42

5.92

5.16

5.48

3.11

0.85

14.34

6.48

2.12

4.33

6.02

3.34