Markel reports Q1 revenue $3.55B, consensus $3.63B

Reports Q1 adjusted operating income, which excludes market movements in our equity portfolio, $498M, which represents a 4% increase compared to the Q1 of 2025. “In the Q1, we generated strong results across the company. We are pleased with the continued progress of our ongoing operations,” said Tom Gayner, CEO. “We continue to do more of what’s working and less of what’s not, while focusing on balance sheet strength, disciplined capital allocation, and ongoing share repurchases.”