Markel Corp.

Markel Corp.

Markel Corp.

Overview
Date Founded

1930

Headquarters

4521 Highwoods Parkway,Glen Allen, VA 23060-6148

Type of Company

Public

Employees (Worldwide)

18.9K

Industries

Insurance: Property & Casualty
Accounting & Financial Services
Other Insurance Services
Insurance: Specialty

Company Description

Markel Corporation (MKL-NYSE) is a diverse financial holding company serving a variety of niche markets. Our principal business markets and underwrites specialty insurance products. In each of our businesses, we seek to provide quality products and excellent customer service so that we can be a market leader. Our financial goals are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. To reach our financial and operational goals, we must have extensive knowledge and expertise in our chosen markets. By focusing on the distinctive risk characteristics of our insureds, we have been able to identify a variety of niche markets where we can add value with our specialty product offerings. Examples of niche markets that we have targeted include: wind and earthquake exposed commercial properties, liability coverage for highly specialized professionals, horse mortality and other horse related risks, personal watercrafts, high-valued motorcycles, aviation and energy related activities. Our market strategy in each of these areas of specialization is tailored to the unique nature of the risk, coverage and services required by insureds. In each of our niche markets, we assign teams of experienced underwriters and claims specialists who can provide a full range of insurance services. By focusing on market niches where we have underwriting expertise, we seek to earn consistent underwriting profits. Underwriting profits are a key component of our strategy. We believe that the ability to achieve consistent underwriting profits demonstrates knowledge and expertise, commitment to superior customer service and the ability to manage insurance risk.

Contact Data
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Executives & Employees

Director & Co-Chief Executive Officer

Co-Chief Executive Officer

Senior Vice President & Chief Financial Officer

Chief Risk Officer

Senior Vice President, Chief Legal Officer & Secretary

Chief Accounting Officer

President & Chief Administrative Officer, Insurance Operations

Senior Director, Marketing & Talent

Senior Director, Business Development, West Region

Senior Director, Marketing, Northeast Region

Board of Directors

Professional at Markel Corp.

Vice Chairman at Markel Corp.

Former Managing Partner at Ernst & Young LLP

Founder at Localweather.Com

Director & Co-Chief Executive Officer at Markel Corp.

Executive Vice President & Chief Operating Officer at Dominion Energy, Inc.

Former Chief Financial Officer at KPMG LLP

Secretary, Senior Vice President & General Counsel at Celanese Corporation

Co-Chief Executive Officer at Markel Corp.

Former Chairman, President & Chief Executive Officer at Best Products Co., Inc.

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Owners & Shareholders
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Atlanta Capital offers investment advisory services in a variety of equity, fixed income and mixed-asset strategies. In-depth bottom-up fundamental analysis is the primary basis for their investment decision making process. The firm seeks to achieve above-average long-term risk adjusted returns through emphasis on high quality equity or debt instruments judged by Atlanta Capital to have unrecognized value or investment potential. For equities, high quality is generally measured by a company’s demonstrated history of consistent growth and stability in earnings. For debt instruments, high quality typically relates to the probability of repayment (credit risk) and the predictability of when principal repayment will occur (stability of cash flow).

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Akre Capital Management aims to compound their investors’ capital at above-average rates of return over extended periods of time, while incurring a below-average level of risk. Their overall investment approach involves long-term investments in equity securities through fundamental, bottom-up analysis. The firm’s equity strategy focuses on a broad range of equity investment styles, including growth, core and value, as well as portfolios designed to be style-neutral. Akre Capital Management typically buys securities and holds them for a relatively longer period of time, regardless of short-term factors such as fluctuations in the market or volatility of the stock price. Investments may include, but are not limited to, mid-cap and small-cap securities.

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Davenport uses a team approach to analyze and select investment ideas for their Core and Value & Income strategies and oversee other DAM strategies. Investment decisions are made by a majority vote of Investment Policy Committee. The firm’s fixed-income philosophy in general includes buying investment-grade and intermediate bonds.

Recent Transactions
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Markel Corp., Markel Ventures, Inc. purchase Lansing Building Products LLC

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Markel Corp., Markel Ventures, Inc. purchase VSC Fire & Security, Inc.

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Markel Corp. purchases Caunce O'Hara & Co., Ltd. from RSA Insurance Group Plc

Insider Transactions
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Transaction Advisors
Underwriter

Advised onMarkel Corp. issued USD Common Stock

Auditor

Advised onMarkel Corp. issued USD Common Stock

Legal Advisor

Advised onMarkel Corp. purchases State National Cos., Inc.

Associate

Advised onMarkel Corp. purchases Alterra Capital Holdings Ltd.

Legal Advisor

Advised onMarkel Corp. purchases Alterra Capital Holdings Ltd.

Legal Advisor

Advised onMarkel Corp. purchases State National Cos., Inc.

Advisors & Consultants
Advisor

Managing Director at Cushman & Wakefield of Illinois, Inc.

Consultant

Director at Springfield Riverfront Development Corp.

Advisor

Former Chief Administrative Officer at Markel Corp.

Clients

Fairfax Financial Holdings Limited is a holding company whose corporate objective is to achieve a high rate of return on invested capital and build long term shareholder value. The company has been under present management since September 1985.

AMERISAFE, Inc. is a holding company, which engages the provision of workers' compensation insurance focused on small to mid-sized employers. It focuses on the businesses in construction, Marine, oil and gas, trucking, logging and lumber, manufacturing, and agriculture. The company was founded by Millard E. Morris in 1985 and is headquartered in DeRidder, LA.

Validus Holdings Ltd. provides insurance, reinsurance and asset management services. Its products focuses on accident and health, aviation, cargo, casualty, construction, contingency, crisis management, energy, financial lines, fine arts and specie, marine, professional lines, and property. The company was founded on October 19, 2005 and is headquartered in Hamilton, Bermuda.

Key Stats and Financials As of 2020
Market Capitalization
$16.2B
Total Enterprise Value
$19.2B
Earnings Per Share
$55.63
Revenue
$9.74B
Net Profit
$787M
Enterprise Value / Sales
1.97x
TEVNet Income
24.37x
Debt TEV
0.21x
Total Equity
$13.1B
Total Debt
$4.05B
Three Year Compounded Annual Growth Rate Of Revenue
17.2%
Non-Profit Donations & Grants
Political Donations
$1,000
2009
$1,500
2008
Investments
Details Hidden

Cowbell Cyber, Inc. provides continuous risk assessment, comprehensive cyber liability coverage, and continuous underwriting through an artificial intelligence (AI)-powered platform. The firm offers Cowbell Factor platform. The company was founded by Jack Kudale, Rajeev Gupta, Trent Cooksley, and Prab Reddy in January 2019 and is headquartered in Pleasanton, CA.

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Tensorflight, Inc. develops artificial intelligence software for aerial imagery. The company was founded by Zbigniew Wojna and Robert Kozikowski in 2016 and is headquartered in Mountain View, CA.

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Jupiter Intelligence, Inc. develops climate score intelligence platform which offers weather and climate data, trend visualizations, forecasts, weather models and climate models. The company was founded by Rich Sorkin, Eric Wun, Josh Hacker and Alan Blumberg in 2017 and is headquartered in San Mateo, CA.

Suppliers
Pluralsight, Inc. IT Consulting & Services | Draper, UT

Pluralsight, Inc. ias a holding company, which engages in the operation of technology workforce development platform. It offers a broad range of tools for businesses and individuals to measure and increase technology skills, including skill and role assessments, a curated library of courses, learning paths, software developer productivity metrics, and business analytics. The company was founded by Aaron Skonnard, Frederick Onion, Keith Brown, Fritz Onion and Bill Williams in 2004 and is headquartered in Farmington, UT.

Goosehead Insurance, Inc. Other Insurance Services | Westlake, TX

Goosehead Insurance, Inc. is a holding company, which engages in the provision of independent personal lines insurance agency. It operates through the Corporate Channel and Franchise Channel segments. The Corporate Channel segment consists of company-owned and financed operations with employees who are hired, trained, and managed by the company. The Franchise Channel segment comprises of franchisee operations that are owned and managed by individual business owners. The company was founded by Robyn Jones and Mark E. Jones in 2003 and is headquartered in Westlake, TX.

Awards & Honors
Rank #476
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #476
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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