MKL

• The amended articles were filed with the Virginia State Corporation Commission and became effective on May 22, 2026.
• All 11 director nominees were elected, with votes ranging from 8,435,235 (Lawrence A. Cunningham) to 9,001,139 (Jonathan E. Michael) in favor.
• Shareholders approved executive compensation on an advisory basis (8,767,980 for, 269,226 against) and ratified KPMG LLP as independent auditor for 2026 (9,978,022 for).
• Two shareholder proposals were rejected: one on environmental risk mitigation reporting (2,141,784 for, 6,912,765 against) and one on special meeting rights (3,394,903 for, 5,707,234 against).

9.01 Financial Statements and Exhibits

• On May 20, 2026, Markel Group's leadership team presented at the 2026 Annual Meeting of Shareholders.
• The presentation includes historical financial data, such as adjusted operating income growing from $2.6B (2011-15) to $9.2B (2021-25).
• Markel highlighted its competitive advantages, including quality businesses, diverse income streams, and financial conservatism.
• The company discussed its strategy to become the preeminent specialty insurer, with a focus on customer obsession and speed.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Michael R. Heaton ceased as EVP and COO on February 21, 2026, with departure date of March 23, 2026, triggering severance entitlements.
• Amy McCann promoted to Chief Administrative Officer, Markel Group, retaining General Counsel role at Markel Ventures.
• Compensation Committee approved 2026 base salary increases for Wilson, Crowley, Grinnan, and Costanzo, and higher equity award targets for Gayner, Wilson, and Costanzo.
• Bylaws amended to allow shareholders owning at least 25% voting power for one year to call special meetings.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 9.01 Financial Statements and Exhibits

• Markel Group posted its 2025 Letter to Shareholders on February 26, 2026, furnished as Exhibit 99.1.
• 2025 operating revenues were $15.5 billion, operating income $3.2 billion, and comprehensive income $2.6 billion.
• Markel Insurance promoted Simon Wilson to CEO in March 2025 and reported reserve redundancies of $484 million.
• The letter is furnished under Item 7.01 Regulation FD Disclosure and includes forward-looking statements and non-GAAP measures.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Adjusted operating income increased 10% for the year to $2.3 billion, and 19% for the fourth quarter to $625.9 million.
• Markel Insurance combined ratio improved to 94.6% for 2025 from 95.5% in 2024.
• Comprehensive income to shareholders was $2.6 billion for the year, and operating cash flows were $2.8 billion.
• Share repurchases totaled $429.5 million in 2025; shares outstanding decreased to 12.6 million from 12.8 million.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Adjusted operating income for Q3 2025 was $621 million, up 24% from $500 million in Q3 2024.
• Markel Insurance combined ratio improved to 93% in Q3 2025 from 97% in Q3 2024.
• Year-to-date 2025 operating cash flow was $2.1 billion and share repurchases were $344 million.
• The company re-segmented its businesses and furnished a Reporting Changes Guide (Exhibit 99.3).

2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• The sole amendment removes provisions for the Series A 6.000% Fixed-Rate Reset Non-Cumulative Preferred Shares.
• The Series A Preferred Shares were fully redeemed as of June 1, 2025.
• The amended articles are filed as Exhibit 3.1 to the Form 8-K.
• The report was filed under Item 5.03 for amendments to articles of incorporation.

5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

• Advisory executive compensation was approved with 9,197,809 votes for and 197,286 against.
• KPMG LLP was ratified as independent auditor for 2025 with 10,230,334 votes for.
• A shareholder proposal for a greenhouse gas emissions report was rejected (1,374,345 for, 7,900,834 against).
• A shareholder proposal for simple majority vote was approved (6,697,023 for, 2,716,073 against).

5.07 Submission of Matters to a Vote of Security Holders