• Markel Group average return on tangible equity for 2023 was 15.97, a 328.15% increase from 2022.
• Markel Group average return on tangible equity for 2022 was 3.73, a 87.19% increase from 2021.
• Markel Group average return on tangible equity for 2021 was 29.12, a 519.57% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.