Company
Markel Corporation
Headquarters: Glen Allen, VA, United States
Founded: 1930
Employees: 20,300
CEO: Mr. Thomas Sinnickson Gayner
Market Cap
$20.12 Billion
USD as of July 1, 2024
Markel Corporation Categories
United States Financials Insurance—Property & CasualtyUnited States Financials United States Insurance—Property & Casualty
Company Description
Markel Corporation is a multinational insurance, reinsurance, and investment holding company, founded in 1930. It operates in property and casualty insurance through the Market Specialty, Markel International, and State National brands, reinsurance through Markel Global Reinsurance, insurance-linked securities through Nephila and Lodgepine, and other non-insurance businesses through Markel Ventures.
Top Competitors by Market Capitalization
Industry: Insurance—Property & Casualty
| Company | Market Cap (USD) |
|---|---|
| The Progressive Corporation | $123.15 B |
| Chubb Limited | $102.53 B |
| Tokio Marine Holdings, Inc. | $76.18 B |
| The Travelers Companies, Inc. | $46.64 B |
| The Allstate Corporation | $41.81 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind. This segment also offers credit and surety products, and collateral protection insurance products. The company's Reinsurance segment offers transaction, healthcare, and environmental impairment liability; and specialty treaty reinsurance products comprising structured and whole turnover credit, political risk, mortgage and contract, and commercial surety reinsurance programs. Its Markel Ventures segment provides equipment used in baking systems and food processing; portable dredges; over-the-road car haulers and transportation equipment; and laminated oak and composite wood flooring, tube and tank trailers, as well as ornamental plants and residential homes, handbags, and architectural products. This segment also provides consulting, and other types of services to businesses and consumers, including distribution of exterior building products, crane rental, fire protection, and life safety services, management and technology consulting, and retail intelligence services. The company's Other segment provides healthcare, leasing and investment services, as well as operates as an insurance and investment fund manager offering a range of investment products, including insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives; and program services. it also manages funds with third parties. Markel Corporation was founded in 1930 and is based in Glen Allen, Virginia.
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Stocks & Indices
Markel Corporation has the following listings and related stock indices.
Stock: NYSE: MKL wb_incandescent
Stock: Bovespa: MKLC34 wb_incandescent
Stock: FSX: MKV wb_incandescent
Key People
Founder(s): Samuel A. Markel
Alan I. Kirshner, Executive Chairman Anthony F. Markel, Vice Chairman Steven A. Markel, Vice Chairman Thomas S. Gayner, Co-Chief Executive Officer Richard R. Whitt. III, Co-Chief Executive Officer
Financials
Revenue: US$12.846 Billion (Fiscal Year Ended December 31, 2021)
Operating income: US$3.243 Billion (Fiscal Year Ended December 31, 2021)
Net income: US$2.447 Billion (Fiscal Year Ended December 31, 2021)
Total assets: US$48.448 Billion (Fiscal Year Ended December 31, 2021)
Total equity: US$14.695 Billion (Fiscal Year Ended December 31, 2021)