Short answer
Markel Group Inc (MKL) filed its fiscal 2018 10-K annual report with the SEC on Feb 28, 2019. It reported revenue of $6.8B (+12.9% year over year) and net income of −$128M.
- Top risk flagged: Section 'risk_factors' was empty or not found.
FY2018 key financial metrics · XBRL
- Revenue
- $6.8B
- +12.9% YoY
- Net income
- −$128M
- −132.4% YoY
- Operating margin
- 0.6%
- −3.0 pp YoY
- EPS (diluted)
- −$9.55
- −137.0% YoY
- ROE
- -1.4%
- −5.6 pp YoY
- Operating cash flow
- $893M
- +4.0% YoY
Source: XBRL data from the Markel Group Inc (MKL) FY2018 10-K on SEC EDGAR. USD.
Markel Group Inc FY2018 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Specialty insurance and reinsurance model: customized coverage for hard-to-place risks, emphasizing expertise, service and tailored underwriting
- Niche focus across commercial property, specialized liability, equine, small-business workers’ compensation, classic cars and marine
- Reinsurance positioning: global market access, large-line capacity and customized treaty solutions
- U.S. E&S market represented $45 billion, or 7%, of the $642 billion insurance market in 2017
Management Discussion & Analysis
- Operating revenues $6.841B vs $6.062B, up $779M YoY
- Insurance best segment: $4.7B gross premiums, $3.8B earned premiums, $228.8M underwriting profit
- Reinsurance worst segment: $1.1B gross premiums, $928.6M earned premiums, $118.3M underwriting loss
- Investment yield 2.7% vs 2.6%, total portfolio return negative 1.0% vs 10.2%
- Net loss $128.2M, key risks: catastrophe losses, reserve volatility, CATCo inquiries and Brexit uncertainty
Risk Factors
- Section 'risk_factors' was empty or not found.
Generated from the filing text; verify against the original. How to read a 10-K
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