Markel (MKL) Tax Rate (2009 - 2026)
Markel (MKL) reported Tax Rate of 24.3% for Q1 2026, up 629.0% year-over-year from 3.33% in Q1 2025, and up 17.29% quarter-over-quarter from 20.71% in Q4 2025.
Markel (MKL) Tax Rate (2009 - 2026) Analysis & Trends
Markel (MKL) has 18 years of Tax Rate data on file, last reported at 24.3% in Q1 2026.
- Tax Rate for Q1 2026 came in at 24.3%, up 629.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.1% (down 34.0% YoY), and the FY2025 annual result was 21.24%, down 49.0% from the prior year.
- Tax Rate grew to 24.3% in Q1 2026 per MKL's latest filing, from 20.71% in the prior quarter.
- Over five years, Tax Rate peaked at 27.09% in Q1 2022 and troughed at 12.36% in Q3 2022.
- A 5-year average of 21.07% and a median of 21.29% in 2022 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2023: Tax Rate plunged 994 bps in 2022, then jumped 873 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 21.29% in 2022, then fell by 1 bps to 21.13% in 2023, then increased by 6 bps to 22.4% in 2024, then retreated by 8 bps to 20.71% in 2025, then gained by 17 bps to 24.3% in 2026.
- Business Quant data shows MKL's Tax Rate at 24.3% in Q1 2026, 20.71% in Q4 2025, and 21.94% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 127.40 Bn | 119.98 Bn | 8.64 Bn | 21.58% |
| 2 | Progressive | 119.47 Bn | 115.12 Bn | 8.36 Bn | 20.98% |
| 3 | Travelers Companies | 65.26 Bn | 41.34 Bn | 5.54 Bn | 19.25% |
| 4 | Allstate | 57.33 Bn | 32.74 Bn | 14.72 Bn | 20.91% |
| 5 | Berkley W R | 26.90 Bn | 23.16 Bn | 2.72 Bn | 16.32% |
| 6 | Cincinnati Financial | 25.67 Bn | 24.41 Bn | 2.60 Bn | 15.95% |
| 7 | Markel | 22.97 Bn | 7.51 Bn | 2.38 Bn | 24.30% |
| 8 | Loews | 22.18 Bn | 9.92 Bn | -1.32 Bn | 23.54% |
| 9 | Assurant | 12.79 Bn | 10.87 Bn | 2.01 Bn | 18.33% |
| 10 | Cna Financial | 11.84 Bn | 4.05 Bn | 2.33 Bn | 20.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.30% |
| Mar 31, 2026 | 24.30% |
| Dec 31, 2025 | 20.71% |
| Dec 31, 2025 | 20.71% |
| Sep 30, 2025 | 21.94% |
| Sep 30, 2025 | 21.94% |
| Jun 30, 2025 | 21.47% |
| Jun 30, 2025 | 21.47% |
| Mar 31, 2025 | 18.01% |
| Mar 31, 2025 | 18.01% |
| Dec 31, 2024 | 22.40% |
| Dec 31, 2024 | 22.40% |
| Sep 30, 2024 | 21.50% |
| Sep 30, 2024 | 21.50% |
| Jun 30, 2024 | 20.83% |
| Jun 30, 2024 | 20.83% |
| Mar 31, 2024 | 21.80% |
| Mar 31, 2024 | 21.80% |
| Dec 31, 2023 | 21.13% |
| Dec 31, 2023 | 21.13% |