• Markel Group average ebitda margin for 2023 was 15.38%, a 195.2% increase from 2022.
• Markel Group average ebitda margin for 2022 was 5.21%, a 81.23% increase from 2021.
• Markel Group average ebitda margin for 2021 was 27.76%, a 313.1% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.