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, US
Websitemarkel.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Dec 2019)18,600(+7%)
Job Openings99
Revenue (FY, 2019)$9.5 B(+40%)
Share Price (Oct 2020)$971.6 (-1%)
Cybersecurity ratingAMore

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
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
Ray Howard

Ray Howard

Director, Technical Engineering and Risk Solutions Training
Show more

Markel Corporation Office Locations

Markel Corporation has offices in Glen Allen, Alpharetta, Austin, Boston and in 52 other locations
Glen Allen, US (HQ)
4521 Highwoods Pkwy
Alpharetta, US
333 North Point Center E #300
Austin, US
9737 Great Hills Trail #320
Boston, US
One International Place, 100 Oliver St #720
Cranston, US
2000 Chapel View Blvd #400
Glen Allen, US
4501 Highwoods Pkwy
Show all (63)

Markel Corporation Financials and Metrics

Markel Corporation Revenue

Markel Corporation's revenue was reported to be $9.53 b in FY, 2019
USD

Revenue (Q2, 2020)

3.1b

Net income (Q2, 2020)

931.7m

EBIT (Q2, 2020)

1.2b

Market capitalization (16-Oct-2020)

13.4b

Closing stock price (16-Oct-2020)

971.6

Cash (30-Jun-2020)

4.8b

EV

16.3b
Markel Corporation's current market capitalization is $13.4 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

2.2b2.6b3.0b4.3b5.1b5.4b5.6b6.1b6.8b9.5b

Revenue growth, %

19%5%5%8%

Cost of goods sold

1.2b1.2b3.4b3.5b4.5b

Gross profit

1.4b1.8b2.0b2.1b1.6b
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

515.4m561.4m621.6m647.2m676.1m733.1m693.2m765.8m819.9m1.0b1.3b1.3b1.4b1.4b1.4b1.4b1.5b1.5b1.6b2.0b2.2b2.5b2.4b2.0b335.7m3.1b

Operating expense total

33.0m41.1m68.5m79.5m70.3m100.4m97.7m145.3m152.3m140.8m1.2b1.2b1.1b1.2b1.3b1.3b1.2b1.8b1.5b595.3m473.7m

Depreciation and amortization

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

EBIT

48.2m109.9m30.4m58.6m90.8m96.7m141.3m77.2m141.4m74.2m129.6m182.7m245.2m193.7m152.6m127.4m241.3m(328.1m)105.0m311.3m555.6m794.8m666.4m262.2m(1.8b)1.2b
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

745.3m775.0m973.2m2.0b2.0b2.6b1.7b2.2b2.0b3.1b

Accounts Receivable

51.8m13.0m1.3b1.6b

PP&E

244.8m330.2m551.5m588.6m

Goodwill

607.6m674.9m967.7m1.0b1.2b1.1b1.8b2.2b2.3b
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

686.7m818.0m649.9m768.0m920.2m691.8m837.2m834.8m899.1m1.7b2.1b2.2b1.9b1.8b2.0b1.9b2.3b2.3b2.0b2.2b1.9b2.3b2.1b2.0b1.9b2.3b2.4b2.2b2.7b3.8b4.8b

Accounts Receivable

1.7b1.9b

Goodwill

991.4m997.8m1.1b1.0b1.0b1.0b1.0b1.1b1.0b1.0b1.0b1.2b1.2b1.2b1.1b1.2b1.4b1.8b1.8b1.8b2.2b2.2b2.2b2.3b2.6b

Total Assets

10.3b10.6b11.0b11.5b11.4b11.9b12.0b12.4b13.1b23.5b23.8b24.5b25.2b25.1b25.3b25.4b25.2b25.7b26.3b26.4b26.4b27.2b28.5b32.9b33.2b34.0b34.7b36.4b37.0b36.0b39.1b
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

266.8m142.0m253.4m283.8m323.7m589.1m460.4m400.8m(130.4m)1.8b

Depreciation and Amortization

53.6m24.2m36.0m201.0m194.1m203.9m227.8m269.2m

Accounts Payable

(31.8m)11.6m(40.8m)

Cash From Operating Activities

223.3m311.3m392.5m745.5m716.8m651.2m534.6m858.5m892.9m1.3b
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

63.4m126.7m8.3m38.6m91.9m57.3m146.9m196.6m88.9m116.7m184.9m87.5m128.6m205.5m194.0m92.5m104.4m163.6m80.7m83.4m71.0m222.5m(38.6m)(65.6m)214.0m623.0m577.5m1.1b1.3b(1.4b)(469.7m)

Depreciation and Amortization

7.8m11.7m6.0m11.6m17.6m8.8m17.1m25.1m9.6m20.9m16.9m18.9m17.3m17.2m17.0m16.8m112.7m

Cash From Operating Activities

63.6m172.8m(9.2m)100.3m261.1m(64.4m)104.7m239.5m55.6m240.0m542.5m22.4m237.1m536.6m22.8m237.9m598.7m57.7m307.5m763.2m18.7m249.2m712.0m65.7m488.7m

Purchases of PP&E

(35.3m)(40.3m)(3.9m)(5.8m)(43.5m)(12.9m)(22.9m)(33.5m)(14.4m)(26.4m)(36.7m)(10.7m)(18.0m)(52.3m)(23.6m)(35.6m)(50.1m)(23.4m)(52.4m)(78.9m)(24.8m)(49.2m)(95.5m)(29.9m)(50.7m)
USDQ2, 2010

Financial Leverage

3.6 x
Show all financial metrics

Markel Corporation Operating Metrics

Markel Corporation's Reported Claims, units was reported to be 62 k in FY, 2016.
FY, 2014FY, 2015FY, 2016

Reported Claims, but not Incurred (IBNR)

$649.53 m$1.03 b$1.44 b

Reported Claims, units

72 k71 k62 k
Show all operating metrics

Markel Corporation Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Markel Corporation Revenue Breakdown

Embed Graph

Markel Corporation revenue breakdown by business segment: 28.6% from International Insurance, 65.6% from U.S. Insurance and 5.8% from Other Insurance (Discontinued Lines)

Markel Corporation revenue breakdown by geographic segment: 5.9% from United Kingdom, 65.4% from United States, 9.1% from Other countries, 17.5% from Reinsurance and 2.1% from Other

Markel Corporation Online and Social Media Presence

Embed Graph

Markel Corporation News and Updates

Markel Corporation Launches Lodgepine Capital Management Limited, Its New Retrocessional ILS Platform Based In Bermuda

RICHMOND, Va., Sept. 7, 2019 /PRNewswire/ -- Markel Corporation (NYSE: MKL) today announced the launch of Lodgepine Capital Management Limited, its new retrocessional Insurance Linked Securities (ILS) fund manager in Bermuda, together with a reinsurance company, Lodgepine Re. Lodgepine's...

Markel Corporation To Launch New Retrocessional ILS Platform

RICHMOND, Va., July 25, 2019 /PRNewswire/ -- Markel Corporation (NYSE: MKL) ("Markel") today announced that it intends to establish a new retrocessional Insurance Linked Securities (ILS) fund platform in Bermuda, comprised of a reinsurance company, fund entity and investment manager. The...

Markel Corporation associate wins CLM's young industry professional of the year award

RICHMOND, Va., March 22, 2019 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today that Jamie Samaniego, Senior Claims Examiner, was awarded the inaugural young professional of the year award by the Claims and Litigation Management Alliance (CLM). Samaniego joined Markel in 2016 ...

Markel Corporation releases 2018 annual report

RICHMOND, Va., March 21, 2019 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today that it released its 2018 annual report. One of the highlights of the annual report is the letter to shareholders. An excerpt from the letter is shared below. "As we noted last year, we define a...

Markel Corporation releases annual letter to shareholders

RICHMOND, Va., March 15, 2019 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today that it released its annual letter to shareholders. The letter, signed by Markel's Co-CEOs Thomas S. Gayner and Richard R. Whitt, III, is the most recent letter to shareholders since Markel went...

(MKL) Alert: Johnson Fistel Reminds Investors of Deadline in the Class Action Lawsuit Against Markel Corporation

SAN DIEGO, March 4, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP reminds investors that a class action lawsuit has been filed against Markel Corporation ("Markel") (NYSE: MKL) on behalf of all purchasers of common stock during the period between July 26, 2017 to...
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 Robert C. Cox.

  • How many employees does Markel Corporation have?

    Markel Corporation has 18,600 employees.

  • What is Markel Corporation revenue?

    Latest Markel Corporation annual revenue is $9.5 b.

  • What is Markel Corporation revenue per employee?

    Latest Markel Corporation revenue per employee is $512.2 k.

  • Who are Markel Corporation competitors?

    Competitors of Markel Corporation include Nomura Holdings, Loews and American Financial.

  • 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 52 other locations.

  • How many offices does Markel Corporation have?

    Markel Corporation has 63 offices.