Total Debt for Markel (MKL)
According to Markel's latest reported financial statements, the company's latest reported total debt is $4.38B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — compare with cash on hand for net leverage, and total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
MKL
Currently viewingTotal DebtSwitch metric
Latest period
$4.38B
YoY change
-23.8%
5Y CAGR
-1.0%
Peak year (2024)
$5.65B
Latest annual
$4.30B
Total Debt history chart for Markel (MKL) from 1985 to 2025
Total Debt history table for Markel (MKL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $4.30B | -23.8% | -$1.34B | ||
| 2024 | $5.65B | +13.7% | +$678.86M | ||
| 2023 | $4.97B | +21.1% | +$864.76M | ||
| 2022 | $4.10B | -14.9% | -$719.01M | ||
| 2021 | $4.82B | +6.6% | +$298.43M | ||
| 2020 | $4.52B | +12.9% | +$515.28M | ||
| 2019 | $4.01B | +33.2% | +$999.36M | ||
| 2018 | $3.01B | -2.9% | -$89.65M | ||
| 2017 | $3.10B | +20.4% | +$524.70M | ||
| 2016 | $2.57B | +14.9% | +$333.10M | ||
| 2015 | $2.24B | -0.5% | -$12.17M | ||
| 2014 | $2.25B | -0.1% | -$2.63M | ||
| 2013 | $2.26B | +51.2% | +$763.68M | ||
| 2012 | $1.49B | +15.4% | +$199.03M | ||
| 2011 | $1.29B | +27.3% | +$277.57M | ||
| 2010 | $1.02B | +5.4% | +$52.30M | ||
| 2009 | $963.65M | +40.0% | +$275.14M | ||
| 2008 | $688.51M | +1.1% | +$7.81M | ||
| 2007 | $680.70M | -20.7% | -$177.66M | ||
| 2006 | $858.36M | +1.1% | +$9.48M | ||
| 2005 | $848.88M | -0.7% | -$6.20M | ||
| 2004 | $855.08M | +12.2% | +$92.97M | ||
| 2003 | $762.11M | +55.4% | +$271.62M | ||
| 2002 | $490.49M | +28.7% | +$109.47M | ||
| 2001 | $381.02M | -33.5% | -$192.09M | ||
| 2000 | $573.11M | +241.2% | +$405.13M | ||
| 1999 | $167.98M | +80.2% | +$74.78M | ||
| 1998 | $93.20M | 0.0% | $0 | ||
| 1997 | $93.20M | -18.7% | -$21.50M | ||
| 1996 | $114.70M | +7.5% | +$8.00M | ||
| 1995 | $106.70M | +6.0% | +$6.00M | ||
| 1994 | $100.70M | +28.8% | +$22.50M | ||
| 1993 | $78.20M | -22.3% | -$22.40M | ||
| 1992 | $100.60M | +7.0% | +$6.60M | ||
| 1991 | $94.00M | -26.0% | -$33.00M | ||
| 1990 | $127.00M | +185.4% | +$82.50M | ||
| 1989 | $44.50M | +83.1% | +$20.20M | ||
| 1988 | $24.30M | +13.6% | +$2.90M | ||
| 1987 | $21.40M | +692.6% | +$18.70M | ||
| 1986 | $2.70M | +22.7% | +$500,000 | ||
| 1985 | $2.20M | — | — |
Total Debt values are taken from Markel's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Markel (MKL) reported total debt of $4.30B – declined 23.8% year-over-year.
Through 2020–2025 (5 years), Markel total debt delivered a -1.0% annualised rate; with a net decline across the window.
The dataset's maximum total debt sits at $5.65B (2024); the minimum reading of $2.20M dates to 1985.
Markel (MKL) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of $395.81B.
Markel Total Debt by Year
Markel Total Debt 2025: $4.30B
Markel total debt in 2025 was $4.30B, declined 23.8% below 2024.
Markel Total Debt 2024: $5.65B
Markel total debt in 2024 was $5.65B, grew 13.7% from 2023. This figure represents the highest annual value in the available history.
Markel Total Debt 2023: $4.97B
Markel total debt in 2023 was $4.97B, grew 21.1% from 2022.
Markel Total Debt 2022: $4.10B
Markel total debt in 2022 was $4.10B, declined 14.9% below 2021.
Markel Total Debt 2021: $4.82B
Markel total debt in 2021 was $4.82B.
See more financial history for Markel (MKL).
Sector peers — Total Debt
Companies in the same sector as Markel, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $942.38B | Financial Services |
| Goldman Sachs (GS) | $609.53B | Financial Services |
| Morgan Stanley (MS) | $475.56B | Financial Services |
| Wells Fargo (WFC) | $425.72B | Financial Services |
| Bank of America (BAC) | $365.90B | Financial Services |
| Berkshire Hathaway (BRK-B) | $138.95B | Financial Services |
| Visa (V) | $25.17B | Financial Services |
| Mastercard (MA) | $19.00B | Financial Services |
Frequently asked questions
What is Markel's total debt?
Latest reported total debt for Markel (MKL) is $4.38B (period ending March 31, 2026).
How has Markel total debt changed year-over-year?
Markel (MKL) total debt changed -23.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Markel total debt?
Markel (MKL) total debt compound annual growth rate is -1.0% over the most recent 5 years available.
When did Markel total debt hit its highest annual value?
Markel total debt reached its highest annual value of $5.65B in 2024.
What was Markel total debt in 2024?
Markel (MKL) total debt in 2024 was $5.65B.
What was Markel total debt in 2025?
Markel (MKL) total debt in 2025 was $4.30B.
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