For the quarter ending 2026-03-31, MKL had -$422,024K decrease in cash & cash equivalents over the period. -$31,353K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | -204,356 | 582,086 | 763,787 | 806,532 |
| Deferred income tax expense | - | -151,219 | - | - |
| Depreciation and amortization expense | - | 347,918 | - | - |
| Net amortization of investment premium or discount | - | 104,035 | - | - |
| Net investment gains | - | 1,076,081 | - | - |
| Net foreign exchange losses (gains) | - | -256,234 | - | - |
| Increase in receivables | - | 287,908 | - | - |
| Increase in reinsurance recoverables | - | 2,929,234 | - | - |
| Decrease (increase) in deferred policy acquisition costs | - | 22,073 | - | - |
| Increase in prepaid reinsurance premiums | - | 102,363 | - | - |
| Increase in unpaid losses and loss adjustment expenses | - | 3,973,776 | - | - |
| Increase in unearned premiums | - | 104,193 | - | - |
| Increase in payables to insurance and reinsurance companies | - | 223,884 | - | - |
| Other | - | -73,321 | - | - |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | -308,476 | - | 454,688 | 74,056 |
| Net cash provided by operating activities | 15,912 | 662,193 | 1,218,475 | 880,588 |
| Proceeds from sales, maturities, calls, and prepayments of fixed maturity securities | 547,820 | 551,924 | 781,278 | 1,044,717 |
| Cost of fixed maturity securities purchased | 819,452 | 1,079,462 | 1,173,048 | 1,530,292 |
| Proceeds from sales of equity securities | 52,107 | 142,040 | 59,971 | 103,788 |
| Cost of equity securities purchased | 80,072 | 158,341 | 90,045 | 200,317 |
| Net change in short-term investments | -19,595 | -104,879 | 255,867 | -728,977 |
| Cost of other investments purchased | - | 20 | 40,544 | - |
| Additions to property and equipment | 47,265 | 63,120 | 52,421 | 91,353 |
| Acquisitions, net of cash acquired | 20,160 | 46,211 | 0 | 60,003 |
| Other | 791 | 5,697 | -51,373 | -87,879 |
| Net cash provided (used) by investing activities | -348,218 | -554,008 | -719,303 | 83,396 |
| Additions to senior long-term debt and other debt | 295,472 | 170,754 | 171,254 | 540,821 |
| Dividends paid on preferred stock | - | 0 | 0 | 18,000 |
| Redemption of preferred stock | - | 0 | 0 | 600,000 |
| Purchase of noncontrolling interests | - | 2,447 | 0 | 61,777 |
| Distributions to noncontrolling interests | - | -38,743 | - | - |
| Repayment of senior long-term debt and other debt | 217,063 | 150,897 | 251,753 | 509,632 |
| Redemption of markel catco re noncontrolling interests | - | 20,240 | - | - |
| Repurchases of common stock | 133,931 | 85,505 | 74,393 | 269,621 |
| Other | -24,027 | 15,599 | -15,938 | -9,538 |
| Net cash used by financing activities | -79,549 | -111,479 | -170,830 | -927,747 |
| Effect of foreign currency rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents | -10,169 | -10,307 | -6,532 | 66,608 |
| Increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents | -422,024 | -13,601 | 321,810 | 102,845 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period | 4,603,302 | 4,616,903 | 4,192,248 | - |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | 4,181,278 | 4,603,302 | 4,616,903 | - |
MARKEL GROUP INC. (MKL)
MARKEL GROUP INC. (MKL)