OverviewSuggest Edit

Markel Corporation is a diverse financial holding company serving a variety of niche markets. It has expertise in insurance, reinsurance, and investment operations. The company's principal business markets and underwrites specialty insurance products, specializing in casualty, commercial property, construction, cyber liability, healthcare, ocean marine, energy, special events, small businesses, and more.

TypePublic
Founded1930
HQGlen Allen, VA, US
Websitemarkel.com
Employee Ratings3.1
Overall CultureC

Latest Updates

Employees (est.) (Dec 2019)18,600(+7%)
Job Openings387
Revenue (FY, 2020)$9.7 B(+3%)
Share Price (Sept 2021)$1.2 K
Cybersecurity ratingBMore

Key People/Management at Markel Corporation

Richard R. Whitt

Richard R. Whitt

Co-Chief Executive Officer, Director
Thomas S. Gayner

Thomas S. Gayner

Co-Chief Executive Officer, Director
Patrick Moylan

Patrick Moylan

Managing Director, Medical Product Line
Robert C. Cox

Robert C. Cox

President and Chief Operating Officer, Insurance Operations
Jeremy A. Noble

Jeremy A. Noble

Senior Vice President and Chief Financial Officer
Kim E. Coonrod

Kim E. Coonrod

Director, Administration and Operations, Markel Specialty's Rick Solution Services
Show more

Markel Corporation Office Locations

Markel Corporation has offices in Glen Allen, Alpharetta, Austin, Boston and in 51 other locations
Glen Allen, VA, US (HQ)
4521 Highwoods Pkwy
Alpharetta, GA, US
333 North Point Center E #300
Austin, TX, US
9737 Great Hills Trail #320
Boston, MA, US
14th Floor, Christian Science Center- Belvidere/ Dalton, UNIT 1400
Cranston, RI, US
2000 Chapel View Blvd #400
Glen Allen, VA, US
4501 Highwoods Pkwy
Show all (63)

Markel Corporation Financials and Metrics

Markel Corporation Revenue

Markel Corporation's revenue was reported to be $9.74 b in FY, 2020
USD

Revenue (FY, 2020)

9.7b

Net income (FY, 2020)

831.8m

EBIT (FY, 2020)

1.3b

Market capitalization (23-Sept-2021)

16.7b

Closing stock price (23-Sept-2021)

1.2k

Cash (31-Dec-2020)

4.3b

EV

24.6b
Markel Corporation's current market capitalization is $16.7 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

6.1b6.8b9.5b9.7b

Revenue growth, %

8%13%39%

Operating expense total

5.8b6.8b7.0b

Depreciation and amortization

80.8m115.9m148.6m159.3m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

1.6b2.0b2.2b2.5b2.4b2.0b335.7m3.1b2.9b

Operating expense total

1.5b1.7b1.7b1.7b1.8b1.8b2.1b1.9b2.2b

Depreciation and amortization

28.8m29.6m27.8m40.7m36.3m35.7m37.9m37.8m44.7m

EBIT

105.0m311.3m555.6m794.8m666.4m262.2m(1.8b)1.2b692.4m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

2.2b2.0b3.1b4.3b

Accounts Receivable

1.6b1.7b1.8b

PP&E

551.5m588.6m

Goodwill

1.8b2.2b2.3b2.6b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

2.0b1.9b2.3b2.4b2.2b2.7b3.8b4.8b4.6b

Accounts Receivable

1.7b1.9b1.8b2.0b2.2b1.9b2.1b2.4b2.0b

Goodwill

1.8b1.8b1.8b2.2b2.2b2.2b2.3b606.5m2.6b

Total Assets

32.9b33.2b34.0b34.7b36.4b37.0b36.0b39.1b40.2b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

400.8m(130.4m)1.8b831.8m

Depreciation and Amortization

203.9m227.8m269.2m307.1m

Accounts Payable

(40.8m)(4.3m)65.5m

Cash From Operating Activities

858.5m892.9m1.3b1.7b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(65.6m)214.0m623.0m577.5m1.1b1.3b(1.4b)(469.7m)(15.7m)

Cash From Operating Activities

57.7m307.5m763.2m18.7m249.2m712.0m65.7m488.7m1.3b

Purchases of PP&E

(23.4m)(52.4m)(78.9m)(24.8m)(49.2m)(95.5m)(29.9m)(50.7m)(72.8m)

Cash From Investing Activities

(68.2m)(445.6m)(453.2m)342.1m(521.6m)(657.2m)906.6m1.1b22.5m
USDFY, 2017

Revenue/Employee

388.6k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

3.5 x
Show all financial metrics

Markel Corporation Operating Metrics

Markel Corporation's Reported Claims, units was reported to be 181 k in FY, 2019.
FY, 2017FY, 2018FY, 2019

Reported Claims, units

88 k147 k181 k
Show all operating metrics

Markel Corporation Acquisitions / Subsidiaries

Company NameDateDeal Size
Nephila CapitalAugust 31, 2018
State National CompaniesJuly 26, 2017$919 m
Costa FarmsJune 26, 2017
Allsport Insurance Marketing LtdApril 06, 2017
SureTec Financial Corp.February 02, 2017$250 m
Abbey Protection PlcJanuary 17, 2014£116.5 m
Alterra Capital HoldingsDecember 19, 2012
Thompson Insurance EnterprisesDecember 07, 2011
Terra Nova Holdings LtdAugust 27, 1999
Alterra Capital Holdings Limited
Show more

Markel Corporation Revenue Breakdown

Embed Graph

Markel Corporation revenue breakdown by business segment: 12.7% from Reinsurance, 60.6% from Insurance and 26.7% from Other

Markel Corporation revenue breakdown by geographic segment: 80.4% from United States, 7.1% from United Kingdom, 10.1% from Other countries and 2.4% from Other

Markel Corporation Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Markel Corporation Online and Social Media Presence

Embed Graph

Markel Corporation Company Culture

  • Overall Culture

    C

    63/100

  • CEO Rating

    B-

    70/100

  • Compensation

    A-

    78/100

Learn more on Comparably

Markel Corporation News and Updates

Markel hires Kristin Towse as Executive Underwriting Officer

Markel Corporation (NYSE: MKL) announced today that Kristin Towse has joined as Executive Underwriting Officer for the Markel Specialty division. She will be responsible for leading the Products and Regulatory Services and Risk Solution Services teams. She will also be responsible for further buildi…

Markel Corporation – Consensus Indicates Potential 10.2% Upside

Markel Corporation found using ticker (MKL) have now 4 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 1400 and 1145 with a mean TP of 1317.5. Given that the stocks previous close was at 1196.03 this would imply there is a potential ups…

Simon Wilson to succeed William Stovin as President of Markel International

Markel Corporation (NYSE: MKL) announced today that Simon Wilson will become the next President of Markel International, a wholly-owned subsidiary. He will succeed William Stovin who has led the Markel International division since 2008. The transition is part of a planned succession that will fully …

Markel (NYSE:MKL) Stock Gained 31% In The Last Year

There's no doubt that investing in the stock market is a truly brilliant way to build wealth. But if you choose that path, you're going to buy some stocks that fall short of the market. For example, the Markel Corporation (NYSE:MKL), share price is up over the last year, but its gain of 31% trails t…

Cyber webinar: “Identify, interpret and take action on cyber risk signals for profitable underwriting”

Kelly Castriotta, Esq., Managing Director, Global Cyber Underwriting Executive will be a panelist on Intelligent Insurer’s latest cyber webinar: “Identify, interpret and take action on cyber risk signals for profitable underwriting” on July 8.

DAC Beachcroft partners with Markel on innovative mentoring initiative

International law firm DAC Beachcroft has partnered with global insurer Markel Insurance to launch an innovative joint mentoring initiative called Mentoring The Market (MTM).
Show more

Markel Corporation Frequently Asked Questions

  • When was Markel Corporation founded?

    Markel Corporation was founded in 1930.

  • Who are Markel Corporation key executives?

    Markel Corporation's key executives are Richard R. Whitt, Thomas S. Gayner and Patrick Moylan.

  • How many employees does Markel Corporation have?

    Markel Corporation has 18,600 employees.

  • What is Markel Corporation revenue?

    Latest Markel Corporation annual revenue is $9.7 b.

  • What is Markel Corporation revenue per employee?

    Latest Markel Corporation revenue per employee is $523.4 k.

  • Who are Markel Corporation competitors?

    Competitors of Markel Corporation include CNP Assurances, ProSight Global and Cincinnati Financial Corporation.

  • Where is Markel Corporation headquarters?

    Markel Corporation headquarters is located at 4521 Highwoods Pkwy, Glen Allen.

  • Where are Markel Corporation offices?

    Markel Corporation has offices in Glen Allen, Alpharetta, Austin, Boston and in 51 other locations.

  • How many offices does Markel Corporation have?

    Markel Corporation has 63 offices.