Financial Statements — MKL
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 3.68 | 4.05 | 3.72 | 4.19 | 3.87 | 3.51 | 3.63 | 4.35 | 4.31 | 4.03 | 3.54 | 3.70 | 3.89 | 3.94 | 3.68 | 3.88 |
| Total Assets | 68.60 | 67.39 | 66.79 | 64.60 | 62.28 | 59.71 | 57.29 | 52.75 | 52.18 | 50.94 | 48.42 | 47.95 | 48.99 | 46.70 | 45.64 | 43.04 |
| Long-term Debt | 4.38 | 4.28 | 4.36 | 4.39 | 4.36 | 4.40 | 3.86 | 3.77 | 3.81 | 3.90 | 4.13 | 4.50 | 4.43 | -- | -- | -- |
| Total Liabilities | 49.95 | 48.80 | 48.92 | 46.85 | 44.62 | 43.28 | 40.97 | 38.23 | 37.48 | 36.66 | 35.55 | 34.68 | 34.40 | 32.42 | 31.42 | 29.62 |
| Retained Earnings | 14.66 | 14.51 | 13.84 | 13.36 | 13.06 | 12.33 | 12.18 | 10.78 | 10.82 | 10.26 | 9.26 | 9.29 | 10.28 | 9.65 | 9.50 | 8.75 |
| Total Stockholder Equity | 18.13 | 18.04 | 17.32 | 17.15 | 17.01 | 15.85 | 15.73 | 14.00 | 14.19 | 13.74 | 12.29 | 12.76 | 14.10 | 14.02 | 13.97 | 13.16 |
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Net Premiums Earned | 2.05 | 2.28 | 2.21 | 2.14 | 2.09 | 2.12 | 2.11 | 2.08 | 2.13 | 2.17 | 2.12 | 2.03 | 1.97 | 2.04 | 1.96 | 1.83 | 1.76 | 1.81 | 1.63 | 1.57 |
| Net Investment Income | 0.26 | 0.26 | 0.25 | 0.23 | 0.24 | 0.24 | 0.24 | 0.22 | 0.22 | 0.21 | 0.19 | 0.17 | 0.16 | 0.17 | 0.11 | 0.09 | 0.07 | 0.09 | 0.09 | 0.10 |
| Total Revenue | 3.55 | 3.58 | 3.93 | 4.60 | 3.40 | 3.84 | 4.61 | 3.70 | 4.47 | 4.64 | 1.33 | 1.46 | 1.14 | 1.40 | 1.28 | 1.42 | 1.13 | 1.06 | 0.99 | 1.16 |
| Benefits & Claims | 1.17 | -- | 1.25 | 1.29 | 1.25 | -- | 1.29 | 1.23 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | (0.27) | 0.80 | 1.01 | 1.11 | 0.28 | 0.60 | 1.37 | 0.41 | 1.34 | 1.13 | 0.07 | 0.97 | 0.75 | 1.06 | 0.07 | (1.18) | (0.04) | 1.18 | 0.24 | 1.08 |
| Tax Provision | (0.07) | 0.15 | 0.21 | 0.19 | 0.03 | 0.16 | 0.26 | 0.08 | 0.29 | 0.21 | 0.01 | 0.19 | 0.13 | 0.19 | 0.02 | (0.24) | (0.02) | 0.26 | 0.05 | 0.22 |
| Net Income | (0.21) | 0.58 | 0.75 | 0.66 | 0.12 | 0.55 | 0.90 | 0.27 | 1.03 | 0.77 | 0.04 | 0.70 | 0.49 | 0.69 | 0.07 | (0.92) | (0.05) | 0.87 | 0.19 | 0.79 |
| Diluted EPS | (18.90) | 48.22 | 59.25 | 49.67 | 12.08 | 39.02 | 66.25 | 18.62 | 75.43 | 56.49 | 3.14 | 50.09 | 37.26 | 48.70 | 3.50 | (69.19) | (6.58) | 62.38 | 15.09 | 57.02 |
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 0.02 | 0.66 | 1.22 | 0.50 | 0.38 | 0.49 | 0.89 | 0.58 | 0.63 | 0.82 | 0.96 | 0.72 | 0.28 | 0.83 | 0.96 | 0.51 | 0.41 | 0.65 | 0.81 | 0.50 |
| Capital Expenditures | 0.05 | 0.06 | 0.05 | 0.05 | 0.04 | 0.07 | 0.05 | 0.06 | 0.07 | 0.10 | 0.08 | 0.04 | 0.04 | 0.05 | 0.10 | 0.06 | 0.05 | 0.06 | 0.03 | 0.03 |
| Free Cash Flow* | (0.03) | 0.60 | 1.17 | 0.45 | 0.34 | 0.42 | 0.84 | 0.52 | 0.56 | 0.72 | 0.88 | 0.68 | 0.25 | 0.78 | 0.86 | 0.45 | 0.36 | 0.59 | 0.78 | 0.47 |
| Investing Cash Flow | (0.35) | (0.55) | (0.72) | (0.11) | 0.19 | (0.51) | (0.33) | (0.99) | (0.56) | (1.36) | (0.97) | (0.27) | (0.11) | (0.39) | (0.88) | (0.35) | (0.05) | (0.21) | (0.50) | (1.16) |
| Financing Cash Flow | (0.08) | (0.11) | (0.17) | (0.82) | (0.11) | (0.36) | (0.19) | 0.36 | (0.10) | (0.20) | (0.17) | (0.22) | (0.41) | (0.10) | (0.10) | (0.37) | (0.02) | (0.07) | (0.12) | 0.51 |
* Derived from reported values
