Markel (US:MKL) Prnewswire·2025-10-29 20:37Core Insights - Markel Group Inc. reported strong financial results for Q3 2025, with increases in revenues and adjusted operating income, alongside improvements in the insurance combined ratio [2][4][7] Financial Performance - Operating revenues for Q3 2025 reached $3.93 billion, a 7% increase from $3.69 billion in Q3 2024 [4][13] - Operating income decreased by 26% to $1.01 billion compared to $1.37 billion in the same quarter last year [4][13] - Adjusted operating income rose by 24% to $621 million, up from $500 million in Q3 2024 [4][13] - Comprehensive income to shareholders was over $2 billion year-to-date [7] Segment Performance Markel Insurance - Gross premium volume for underwriting increased by 11% to $2.72 billion for Q3 2025 [6][7] - Adjusted operating income for Markel Insurance surged by 55% to $428 million [7][13] - The combined ratio improved to 93% for the quarter, down from 97% in the previous year [7][8] Industrial Segment - Operating revenues increased by 5% to $1.05 billion for Q3 2025 [9][13] - Adjusted operating income decreased by 9% to $101 million [9][13] Financial Segment - Operating revenues rose by 16% to $161 million for Q3 2025 [10][13] - Adjusted operating income fell by 23% to $61 million [10][13] Consumer and Other Segment - Operating revenues increased by 10% to $291 million for Q3 2025 [11][13] - Adjusted operating income turned positive at $17 million, compared to a loss in the same quarter last year [11][13] Cash Flow and Share Repurchases - Operating cash flows totaled $2.1 billion year-to-date [7] - The company repurchased $344 million worth of shares year-to-date, with 12.6 million shares outstanding as of September 30, 2025 [7]