MKL drawdown: 15.7% below the all-time high
Markel Group Inc. (MKL) is 15.7% below its all-time high, set Dec 29, 2025 (as of market close, Aug 14, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (1987).
- Below all-time high
- −15.7%
- 84.3% of ATH
- All-time high
- $2,192
- Dec 29, 2025
- Time below the high
- 7 mo
- since Dec 29, 2025
- Worst-ever drawdown
- −61.3%
- Mar 9, 2009
- Longest underwater
- 5.7 yrs
- between all-time highs
- Today's level first reached
- Feb 5, 2025
- 1.5 yrs ago
- Last time this deep
- Apr 21, 2025
- in a previous episode
% of all-time high since 1987#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of MKL, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Nov 1, 2007 | Mar 9, 2009 | −61.3% | 16 mo | Jul 19, 2013 | 5.7 yrs |
| Jan 18, 1990 | Jan 14, 1991 | −54.9% | 12 mo | Jan 20, 1992 | 2.0 yrs |
| Feb 20, 2020 | Mar 23, 2020 | −44.7% | 32 days | Mar 14, 2022 | 2.1 yrs |
| May 13, 1999 | Mar 7, 2000 | −40.9% | 10 mo | Apr 10, 2001 | 1.9 yrs |
| Mar 24, 2022 | Sep 26, 2022 | −28.9% | 6 mo | Aug 10, 2023 | 17 mo |
| Jul 15, 1998 | Oct 8, 1998 | −28.2% | 3 mo | Apr 30, 1999 | 9 mo |
| Mar 17, 1987 | Nov 12, 1987 | −23.7% | 8 mo | Jan 20, 1988 | 10 mo |
| Sep 18, 2018 | Dec 24, 2018 | −21.7% | 3 mo | Feb 5, 2020 | 17 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1987: how far MKL stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: MKL is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is MKL from its all-time high?
- MKL is currently 15.7% below its all-time high, set Dec 29, 2025 (as of market close, Aug 14, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest MKL drawdown ever?
- The deepest decline on record in our data (since 1987) took the stock 61.3% below its prior high, bottoming Mar 9, 2009. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1987 (split-adjusted). "All-time" means since our price data begins — MKL may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.