Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Markel Group's Pre-Tax Income for the
three
months ended in Dec. 2023 was $1,007 Mil. Markel Group's Revenue for the
three
months ended in Dec. 2023 was $4,561 Mil. Therefore, Markel Group's pretax margin for the quarter that ended in Dec. 2023 was 22.07%.
The historical rank and industry rank for Markel Group's Pretax Margin % or its related term are showing as below:
MKL'
s Pretax Margin % Range Over the Past 10 Years
Min: -1.28 Med: 10.81 Max: 24.23
Current: 16.89
MKL's Pretax Margin % is ranked better than 72.84% of 486
companies
in the Insurance industry
Industry Median: 9.835
vs MKL: 16.89
Markel Group Pretax Margin % Historical Data
The historical data trend for Markel Group's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Markel Group's Pretax Margin %
For the Insurance - Property & Casualty subindustry, Markel Group's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Markel Group's Pretax Margin % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Markel Group's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Markel Group's Pretax Margin % falls into.
Markel Group Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Markel Group's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Markel Group (NYSE:MKL) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Markel Group Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Markel Group's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Markel's primary business is property and casualty insurance, and the company focuses primarily on specialty lines, ranging from areas such as executive liability to commercial equine insurance. The acquisition of Alterra in 2013 added substantial reinsurance operations, which now account for a little less than 15% of premiums. The company uses capital generated by its insurance operations to buy noninsurance operations in diverse areas, such as bakery equipment manufacturing and residential homebuilding.
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