Markel (MKL) Tax Rate (2009 - 2026)

Markel (MKL) posted quarterly Tax Rate of 24.3% for Q1 2026, up 629.0% YoY from 3.33% in Q1 2025, and up 17.29% sequentially from 20.71% in Q4 2025.

Markel (MKL) Tax Rate (2009 - 2026) Analysis & Trends

Markel has disclosed Tax Rate across 18 years of filings, most recently posting 24.3% for Q1 2026.

In Q1 2026, Tax Rate rose 629.0% year-over-year to 24.3%; the TTM figure through Mar 2026 stood at 21.1% (down 34.0% YoY), while the FY2025 annual figure was 21.24%, down 49.0% from the prior year.
Tax Rate climbed to 24.3% in Q1 2026, from 20.71% in the prior quarter.
Over the last five years, Tax Rate for MKL reached as high as 27.09% in Q1 2022 and fell as low as 12.36% in Q3 2022.
The 5-year median for Tax Rate is 21.29% (2022), against an average of 21.07%.
Annual changes were most pronounced in 2022 — Tax Rate slumped 994 bps — and 2023, when it jumped 873 bps.
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.
According to Business Quant data, Tax Rate over the past three periods registered 24.3%, 20.71%, and 21.94% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Markel	7,105.55 Bn	7,090.09 Bn	2.38 Bn	24.30%
2	Progressive	131.92 Bn	127.57 Bn	8.36 Bn	20.98%
3	Chubb	78.78 Bn	71.35 Bn	8.64 Bn	21.58%
4	Cincinnati Financial	74.32 Bn	73.06 Bn	2.60 Bn	15.95%
5	Travelers Companies	72.03 Bn	48.11 Bn	5.54 Bn	19.25%
6	Allstate	63.08 Bn	38.49 Bn	14.72 Bn	20.91%
7	Fairfax Financial Holdings	34.53 Bn	39.18 Bn	-	-29.23%
8	Loews	23.53 Bn	11.27 Bn	-1.32 Bn	23.54%
9	Selective Insurance	20.82 Bn	19.07 Bn	543.42 Mn	24.49%
10	Assurant	13.63 Bn	11.71 Bn	2.01 Bn	18.33%

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