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Side-by-side financial comparison of MARKEL GROUP INC. (MKL) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
MARKEL GROUP INC. is the larger business by last-quarter revenue ($3.6B vs $3.0B, roughly 1.2× RENAISSANCERE HOLDINGS LTD). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 25.6% vs 16.1%, a 9.5% gap on every dollar of revenue. On growth, RENAISSANCERE HOLDINGS LTD posted the faster year-over-year revenue change (29.6% vs -6.9%). Over the past eight quarters, RENAISSANCERE HOLDINGS LTD's revenue compounded faster (6.9% CAGR vs -10.5%).
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.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
MKL vs RNR — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $3.0B |
| Net Profit | $576.8M | $760.5M |
| Gross Margin | — | — |
| Operating Margin | 22.2% | 42.5% |
| Net Margin | 16.1% | 25.6% |
| Revenue YoY | -6.9% | 29.6% |
| Net Profit YoY | 5.0% | 501.0% |
| EPS (diluted) | $48.22 | $16.16 |
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.
| Q4 25 | $3.6B | $3.0B | ||
| Q3 25 | $3.9B | $3.2B | ||
| Q2 25 | $4.6B | $3.2B | ||
| Q1 25 | $3.4B | $3.5B | ||
| Q4 24 | $3.8B | $2.3B | ||
| Q3 24 | $4.6B | $4.0B | ||
| Q2 24 | $3.7B | $2.8B | ||
| Q1 24 | $4.5B | $2.6B |
| Q4 25 | $576.8M | $760.5M | ||
| Q3 25 | $751.3M | $916.5M | ||
| Q2 25 | $657.1M | $835.4M | ||
| Q1 25 | $121.7M | $170.0M | ||
| Q4 24 | $549.2M | $-189.7M | ||
| Q3 24 | $905.0M | $1.2B | ||
| Q2 24 | $267.7M | $503.9M | ||
| Q1 24 | $1.0B | $373.6M |
| Q4 25 | 22.2% | 42.5% | ||
| Q3 25 | 25.7% | 46.3% | ||
| Q2 25 | 24.1% | 41.8% | ||
| Q1 25 | 8.3% | -2.0% | ||
| Q4 24 | 15.5% | -3.6% | ||
| Q3 24 | 29.7% | 43.7% | ||
| Q2 24 | 11.1% | 25.0% | ||
| Q1 24 | 29.9% | 24.4% |
| Q4 25 | 16.1% | 25.6% | ||
| Q3 25 | 19.1% | 28.7% | ||
| Q2 25 | 14.3% | 26.1% | ||
| Q1 25 | 3.6% | 4.9% | ||
| Q4 24 | 14.3% | -8.3% | ||
| Q3 24 | 19.6% | 29.8% | ||
| Q2 24 | 7.2% | 17.8% | ||
| Q1 24 | 23.0% | 14.4% |
| Q4 25 | $48.22 | $16.16 | ||
| Q3 25 | $59.25 | $19.40 | ||
| Q2 25 | $49.67 | $17.20 | ||
| Q1 25 | $12.08 | $3.27 | ||
| Q4 24 | $39.02 | $-3.76 | ||
| Q3 24 | $66.25 | $22.62 | ||
| Q2 24 | $18.62 | $9.41 | ||
| Q1 24 | $75.43 | $6.94 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.0B | $1.7B |
| Total DebtLower is stronger | $4.3B | $2.3B |
| Stockholders' EquityBook value | $18.6B | $11.6B |
| Total Assets | $68.9B | $53.8B |
| Debt / EquityLower = less leverage | 0.23× | 0.20× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.0B | $1.7B | ||
| Q3 25 | $4.0B | $1.7B | ||
| Q2 25 | $3.7B | $1.4B | ||
| Q1 25 | $4.2B | $1.6B | ||
| Q4 24 | $3.7B | $1.7B | ||
| Q3 24 | $3.9B | $1.6B | ||
| Q2 24 | $3.5B | $1.6B | ||
| Q1 24 | $3.6B | $1.6B |
| Q4 25 | $4.3B | $2.3B | ||
| Q3 25 | $4.3B | $2.2B | ||
| Q2 25 | $4.4B | $2.3B | ||
| Q1 25 | $4.4B | $2.8B | ||
| Q4 24 | $4.3B | $1.9B | ||
| Q3 24 | $4.4B | $1.9B | ||
| Q2 24 | $4.4B | $2.0B | ||
| Q1 24 | $3.9B | $1.9B |
| Q4 25 | $18.6B | $11.6B | ||
| Q3 25 | $18.0B | $11.5B | ||
| Q2 25 | $17.3B | $10.8B | ||
| Q1 25 | $17.1B | $10.3B | ||
| Q4 24 | $16.9B | $10.6B | ||
| Q3 24 | $17.0B | $11.2B | ||
| Q2 24 | $15.9B | $10.2B | ||
| Q1 24 | $15.7B | $9.8B |
| Q4 25 | $68.9B | $53.8B | ||
| Q3 25 | $67.4B | $54.5B | ||
| Q2 25 | $66.8B | $54.7B | ||
| Q1 25 | $64.6B | $53.6B | ||
| Q4 24 | $61.9B | $50.7B | ||
| Q3 24 | $62.3B | $52.8B | ||
| Q2 24 | $59.7B | $51.6B | ||
| Q1 24 | $57.3B | $50.9B |
| Q4 25 | 0.23× | 0.20× | ||
| Q3 25 | 0.24× | 0.19× | ||
| Q2 25 | 0.25× | 0.21× | ||
| Q1 25 | 0.26× | 0.27× | ||
| Q4 24 | 0.26× | 0.18× | ||
| Q3 24 | 0.26× | 0.17× | ||
| Q2 24 | 0.28× | 0.19× | ||
| Q1 24 | 0.25× | 0.19× |
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 | $483.0M |
| Free Cash FlowOCF − Capex | $599.1M | — |
| FCF MarginFCF / Revenue | 16.7% | — |
| Capex IntensityCapex / Revenue | 1.8% | — |
| Cash ConversionOCF / Net Profit | 1.15× | 0.64× |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $662.2M | $483.0M | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $504.4M | $1.5B | ||
| Q1 25 | $376.2M | $157.8M | ||
| Q4 24 | $493.9M | $778.9M | ||
| Q3 24 | $890.8M | $1.5B | ||
| Q2 24 | $578.6M | $1.2B | ||
| Q1 24 | $630.7M | $683.5M |
| Q4 25 | $599.1M | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $453.8M | — | ||
| Q1 25 | $335.5M | — | ||
| Q4 24 | $420.0M | — | ||
| Q3 24 | $838.9M | — | ||
| Q2 24 | $521.4M | — | ||
| Q1 24 | $558.7M | — |
| Q4 25 | 16.7% | — | ||
| Q3 25 | 29.6% | — | ||
| Q2 25 | 9.9% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 18.2% | — | ||
| Q2 24 | 14.1% | — | ||
| Q1 24 | 12.5% | — |
| Q4 25 | 1.8% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.6% | — |
| Q4 25 | 1.15× | 0.64× | ||
| Q3 25 | 1.62× | 1.73× | ||
| Q2 25 | 0.77× | 1.76× | ||
| Q1 25 | 3.09× | 0.93× | ||
| Q4 24 | 0.90× | — | ||
| Q3 24 | 0.98× | 1.26× | ||
| Q2 24 | 2.16× | 2.41× | ||
| Q1 24 | 0.62× | 1.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
RNR
Segment breakdown not available.
