MARKEL CAPITAL LIMITED

1. MARKEL CAPITAL LIMITED 2000-04-20 → present
2. TERRA NOVA CAPITAL LIMITED 1995-10-30 → 2000-04-20
3. CAVEBERRY LIMITED 1995-10-17 → 1995-10-30

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“No material uncertainties have been identified by the Directors that cast significant doubt about the ability of the Company to continue as a going concern. The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, and to meet its financial obligations as they fall due from at least 12 months from the date the financial statements are approved. Therefore, the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “In March 2023 the Syndicate entered into a deal with Marco Capital Ltd for the loss portfolio transfer ("LPT") in relation to its UK Motor Payment Protection Orders ("PPOs") portfolio with ceded premium totalling $77.8m.”
• “In May 2025, the Company issued an interim dividend of USD 30m.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Gross written premiums

  +15.3%

  £655,875,463 → £756,224,611

• Net earned premiums

  +230.5%

  £37,226,093 → £123,034,841

• Profit before tax

  -11%

  £36,811,712 → £32,765,011

• Equity

  +39%

  £61,421,053 → £85,392,884

• Claims incurred

  +310.4%

  -£26,929,577 → £56,667,161

• Insurance contract liabilities

  +0.7%

  £1,486,381,023 → £1,496,571,534

• Investment return

  -0.3%

  £24,282,431 → £24,208,302

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers