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Side-by-side financial comparison of AMERISAFE INC (AMSF) and MARKEL GROUP INC. (MKL). Click either name above to swap in a different company.
MARKEL GROUP INC. is the larger business by last-quarter revenue ($3.6B vs $80.1M, roughly 44.7× AMERISAFE INC). MARKEL GROUP INC. runs the higher net margin — 16.1% vs 10.2%, a 6.0% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -6.9%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -10.5%).
AMERISAFE Inc. is a specialty insurance provider that focuses exclusively on workers' compensation coverage for small and mid-sized businesses in high-hazard industries including construction, logging, trucking, and manufacturing. It operates across 49 U.S. states, offering tailored insurance policies paired with targeted risk management support for clients.
MARKEL GROUP INC.MKLEarnings & Financial Report
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
AMSF vs MKL — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $3.6B |
| Net Profit | $8.1M | $576.8M |
| Gross Margin | — | — |
| Operating Margin | — | 22.2% |
| Net Margin | 10.2% | 16.1% |
| Revenue YoY | 10.3% | -6.9% |
| Net Profit YoY | -9.0% | 5.0% |
| EPS (diluted) | $0.43 | $48.22 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $80.1M | — | ||
| Q4 25 | $81.6M | $3.6B | ||
| Q3 25 | $82.0M | $3.9B | ||
| Q2 25 | $81.1M | $4.6B | ||
| Q1 25 | $72.6M | $3.4B | ||
| Q4 24 | $74.0M | $3.8B | ||
| Q3 24 | $78.7M | $4.6B | ||
| Q2 24 | $75.8M | $3.7B |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $576.8M | ||
| Q3 25 | $13.8M | $751.3M | ||
| Q2 25 | $14.0M | $657.1M | ||
| Q1 25 | $8.9M | $121.7M | ||
| Q4 24 | $13.2M | $549.2M | ||
| Q3 24 | $14.3M | $905.0M | ||
| Q2 24 | $11.0M | $267.7M |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | 22.2% | ||
| Q3 25 | 21.3% | 25.7% | ||
| Q2 25 | 21.5% | 24.1% | ||
| Q1 25 | 15.5% | 8.3% | ||
| Q4 24 | 22.7% | 15.5% | ||
| Q3 24 | 22.6% | 29.7% | ||
| Q2 24 | 18.1% | 11.1% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | 16.1% | ||
| Q3 25 | 16.9% | 19.1% | ||
| Q2 25 | 17.2% | 14.3% | ||
| Q1 25 | 12.3% | 3.6% | ||
| Q4 24 | 17.8% | 14.3% | ||
| Q3 24 | 18.2% | 19.6% | ||
| Q2 24 | 14.5% | 7.2% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $48.22 | ||
| Q3 25 | $0.72 | $59.25 | ||
| Q2 25 | $0.73 | $49.67 | ||
| Q1 25 | $0.47 | $12.08 | ||
| Q4 24 | $0.69 | $39.02 | ||
| Q3 24 | $0.75 | $66.25 | ||
| Q2 24 | $0.57 | $18.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.2M | $4.0B |
| Total DebtLower is stronger | — | $4.3B |
| Stockholders' EquityBook value | $246.6M | $18.6B |
| Total Assets | — | $68.9B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $4.0B | ||
| Q3 25 | $54.7M | $4.0B | ||
| Q2 25 | $48.5M | $3.7B | ||
| Q1 25 | $44.8M | $4.2B | ||
| Q4 24 | $44.1M | $3.7B | ||
| Q3 24 | $63.7M | $3.9B | ||
| Q2 24 | $30.6M | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $18.6B | ||
| Q3 25 | $274.8M | $18.0B | ||
| Q2 25 | $265.6M | $17.3B | ||
| Q1 25 | $260.8M | $17.1B | ||
| Q4 24 | $257.3M | $16.9B | ||
| Q3 24 | $314.4M | $17.0B | ||
| Q2 24 | $301.0M | $15.9B |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $68.9B | ||
| Q3 25 | $1.2B | $67.4B | ||
| Q2 25 | $1.2B | $66.8B | ||
| Q1 25 | $1.2B | $64.6B | ||
| Q4 24 | $1.2B | $61.9B | ||
| Q3 24 | $1.3B | $62.3B | ||
| Q2 24 | $1.2B | $59.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.28× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $662.2M |
| Free Cash FlowOCF − Capex | — | $599.1M |
| FCF MarginFCF / Revenue | — | 16.7% |
| Capex IntensityCapex / Revenue | — | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $10.6M | $662.2M | ||
| Q3 25 | $10.7M | $1.2B | ||
| Q2 25 | $-8.4M | $504.4M | ||
| Q1 25 | $-1.8M | $376.2M | ||
| Q4 24 | $10.8M | $493.9M | ||
| Q3 24 | $8.4M | $890.8M | ||
| Q2 24 | $-2.6M | $578.6M |
| Q1 26 | — | — | ||
| Q4 25 | $10.4M | $599.1M | ||
| Q3 25 | $9.8M | $1.2B | ||
| Q2 25 | $-9.5M | $453.8M | ||
| Q1 25 | $-1.8M | $335.5M | ||
| Q4 24 | $10.8M | $420.0M | ||
| Q3 24 | $8.4M | $838.9M | ||
| Q2 24 | $-2.6M | $521.4M |
| Q1 26 | — | — | ||
| Q4 25 | 12.8% | 16.7% | ||
| Q3 25 | 11.9% | 29.6% | ||
| Q2 25 | -11.7% | 9.9% | ||
| Q1 25 | -2.5% | 9.9% | ||
| Q4 24 | 14.6% | 10.9% | ||
| Q3 24 | 10.7% | 18.2% | ||
| Q2 24 | -3.5% | 14.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 1.8% | ||
| Q3 25 | 1.1% | 1.3% | ||
| Q2 25 | 1.3% | 1.1% | ||
| Q1 25 | 0.0% | 1.2% | ||
| Q4 24 | 0.0% | 1.9% | ||
| Q3 24 | 0.0% | 1.1% | ||
| Q2 24 | 0.1% | 1.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.02× | 1.15× | ||
| Q3 25 | 0.77× | 1.62× | ||
| Q2 25 | -0.61× | 0.77× | ||
| Q1 25 | -0.20× | 3.09× | ||
| Q4 24 | 0.82× | 0.90× | ||
| Q3 24 | 0.59× | 0.98× | ||
| Q2 24 | -0.24× | 2.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
