• Markel Group average price to free cash flow ratio for 2023 was 7.45, a 4.49% increase from 2022.
• Markel Group average price to free cash flow ratio for 2022 was 7.8, a 5.57% decline from 2021.
• Markel Group average price to free cash flow ratio for 2021 was 8.26, a 10.41% decline from 2020.

Price to free cash flow ratio can be defined as