Andrew Andersen

Andrew Kligerman

Mark Hughes

Scott Heleniak

Charles Gold

John Fox

Maxwell Fritscher

Maxwell Fritzsche

Tom Litke

- Markel Group's **operating revenues** increased **7%** to **$3,934,549 thousand** for Q3 2025 and **4%** to **$11,505,268 thousand** year to date.  **[1096343_20251029PH10165:0]** 
- **Adjusted operating income** rose **24%** to **$621,017 thousand** for Q3 2025 and **7%** to **$1,677,884 thousand** year to date.  **[1096343_20251029PH10165:0]** 
- The **Markel Insurance combined ratio improved by more than four points** to **93%** in Q3 2025, with the year-to-date ratio consistent at **95%**.  **[1096343_20251029PH10165:0]** 
- Year to date, **operating cash flows** reached **$2.1 billion**, and the company repurchased **$344 million** in shares, with **12.6 million shares outstanding** as of September 30, 2025.  **[1096343_20251029PH10165:0]**

Markel Group reports Q3 and Nine-Months 2025 results

- Markel Group Inc. reported a **7%** increase in operating revenues and a **24%** increase in adjusted operating income for the third quarter of 2025.  **[1096343_0001096343-25-000154_mkl10292025exhibit991.htm:0]** 
- The Markel Insurance segment's adjusted operating income grew by **55%** for the quarter, and its combined ratio improved by more than four points to **93%**.  **[1096343_0001096343-25-000154_mkl10292025exhibit991.htm:0]** 
- The company generated **$2.1 billion** in operating cash flows year-to-date and repurchased **$344 million** of its shares, with **12.6 million shares outstanding** as of September 30, 2025.  **[1096343_0001096343-25-000154_mkl10292025exhibit991.htm:0]** 
- Markel Group implemented notable changes to its financial reporting in Q3 2025, including re-segmentation of businesses and updating the presentation of operating revenues to exclude net investment gains and losses, with prior periods recast.  **[1096343_0001096343-25-000154_mkl10292025exhibit991.htm:0]** **[1096343_0001096343-25-000154_mkl10292025exhibit992.htm:1]** **[1096343_0001096343-25-000154_reportingchangesguide_fi.htm:1]**

Markel Group Inc. Reports Q3 2025 Results and Financial Reporting Changes

- **mea Platform** launched **mea Operations**, a new suite of agentic AI products designed to replace core insurance industry workflows.  **[1096343_4245e1e2269e44bcad45fd3bb878bc21_0]** 
- These products aim to achieve up to a **50 percent reduction in operating costs** for (re)insurance carriers and brokers, addressing the roughly $2 trillion annually consumed by operating expenses.  **[1096343_4245e1e2269e44bcad45fd3bb878bc21_0]** 
- **mea Operations** extends mea's existing Intelligent Underwriting products and covers workflows from pre-bind underwriting and claims processing through post-bind, policy issuance, settlement, and finance services.  **[1096343_4245e1e2269e44bcad45fd3bb878bc21_0]** 
- The suite includes specific modules for **Underwriting Operations, Claims Operations, Finance Operations, and Broking Operations**, automating various tasks within these areas.  **[1096343_4245e1e2269e44bcad45fd3bb878bc21_0]** 
- **Leading carriers** including The Hartford, **Markel**, AXIS, CNA, and SCOR are already utilizing mea's platform.  **[1096343_4245e1e2269e44bcad45fd3bb878bc21_0]**

mea Platform Announces New AI Products Replacing Core Insurance Industry Workflows

MARKEL GROUP (MKL)