Markel Corporation (MKL) — Capital Reinvestment Ratio
Markel Corporation (MKL) has a Capital Reinvestment Ratio of 2.97x as of March 2026, meaning it reinvests 3% of its operating cash flow ($15.91 Million) in capital expenditures ($47.27 Million). Check tangible equity quality of Markel Corporation to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Markel Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks Markel Corporation's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see Markel Corporation cash flow conversion.
Annual Capital Reinvestment Ratio for Markel Corporation (1989–2025)
Year-by-year Capital Reinvestment Ratio for Markel Corporation from 1989 to 2025. See MKL free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.07x | $2.76 Billion | $206.89 Million | ▼ -23.8% |
| 2024 | 0.10x | $2.59 Billion | $254.99 Million | ▲ +5.9% |
| 2023 | 0.09x | $2.79 Billion | $258.62 Million | ▼ -1.3% |
| 2022 | 0.09x | $2.71 Billion | $254.71 Million | ▲ +47.2% |
| 2021 | 0.06x | $2.27 Billion | $145.25 Million | ▲ +9.6% |
| 2020 | 0.06x | $1.74 Billion | $101.30 Million | ▼ -39.8% |
| 2019 | 0.10x | $1.27 Billion | $123.38 Million | ▼ -18.9% |
| 2018 | 0.12x | $892.86 Million | $106.59 Million | ▲ +37.3% |
| 2017 | 0.09x | $858.53 Million | $74.65 Million | ▼ -27.0% |
| 2016 | 0.12x | $534.62 Million | $63.67 Million | ▼ -2.8% |
| 2015 | 0.12x | $651.15 Million | $79.75 Million | ▲ +6.9% |
| 2014 | 0.11x | $716.79 Million | $82.13 Million | ▲ +79.0% |
| 2013 | 0.06x | $745.52 Million | $47.73 Million | ▼ -44.8% |
| 2012 | 0.12x | $392.53 Million | $45.52 Million | ▼ -40.0% |
| 2011 | 0.19x | $311.32 Million | $60.13 Million | ▲ +2.4% |
| 2010 | 0.19x | $223.29 Million | $42.10 Million | ▲ +143.1% |
| 2009 | 0.08x | $282.46 Million | $21.91 Million | ▲ +71.2% |
| 2008 | 0.05x | $390.16 Million | $17.67 Million | ▲ +58.9% |
| 2007 | 0.03x | $508.32 Million | $14.49 Million | ▲ +58.7% |
| 2006 | 0.02x | $511.59 Million | $9.19 Million | ▼ -66.4% |
| 2005 | 0.05x | $551.25 Million | $29.50 Million | ▲ +430.8% |
| 2004 | 0.01x | $690.69 Million | $6.96 Million | ▼ -19.5% |
| 2003 | 0.01x | $631.45 Million | $7.91 Million | ▼ -56.3% |
| 2002 | 0.03x | $507.37 Million | $14.55 Million | ▼ -44.6% |
| 2001 | 0.05x | $164.47 Million | $8.51 Million | ▼ -76.5% |
| 2000 | 0.22x | $89.21 Million | $19.63 Million | ▼ -96.9% |
| 1999 | 7.22x | $558.00K | $4.03 Million | ▲ +10562.2% |
| 1998 | 0.07x | $39.90 Million | $2.70 Million | ▲ +0.9% |
| 1997 | 0.07x | $68.60 Million | $4.60 Million | ▲ +58.3% |
| 1996 | 0.04x | $94.40 Million | $4.00 Million | ▲ +59.1% |
| 1995 | 0.03x | $169.00 Million | $4.50 Million | ▼ -76.8% |
| 1994 | 0.11x | $61.00 Million | $7.00 Million | ▲ +129.5% |
| 1993 | 0.05x | $92.00 Million | $4.60 Million | ▼ -44.8% |
| 1992 | 0.09x | $29.80 Million | $2.70 Million | ▼ -62.4% |
| 1991 | 0.24x | $22.00 Million | $5.30 Million | ▼ -38.6% |
| 1990 | 0.39x | $27.00 Million | $10.60 Million | ▲ +94.0% |
| 1989 | 0.20x | $16.80 Million | $3.40 Million | — |