• Markel Group average pre-tax profit margin for 2023 was 13.85%, a 179.8% increase from 2022.
• Markel Group average pre-tax profit margin for 2022 was 4.95%, a 80.84% increase from 2021.
• Markel Group average pre-tax profit margin for 2021 was 25.84%, a 470.42% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.