Markel Group Inc - Company Profile
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Markel Group Inc (Markel), formerly, Markel Corp, is a provider of specialty insurance products. The company, along with its subsidiaries, offers general liability, products liability, automobile liability, miscellaneous professional liability, environmental consultants' professional liability, contractors' pollution liability and site-specific environmental impairment liability coverages. It also offers professional liability insurance, workers' compensation, ocean marine products, general agent programs and coverage for equine-related risks. The company offers personal lines products, which provide first and third-party coverage for cars, motorcycles and various personal watercrafts such as high-performance boats, vintage boats and yachts and recreational vehicles. Its operations are spanned across the US and internationally. Markel is headquartered in Glen Allen, Virginia, the US.
Headquarters
United States of America
Address
4521 Highwoods Parkway, Glen Allen, Virginia, 23060-6148
Website
www.markel.com
Telephone
1 804 7470136
No of Employees
21,600
Industry
Financial Services
Ticker Symbol & Exchange
MKL (NYSE)
Revenue (2022)
$15.8B
35.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
1022.9%
(2022 vs 2021)
Market Cap*
$18.7B
Net Profit Margin (2022)
XYZ
782.7%
(2022 vs 2021)
* As of and is in US$
Markel Group Inc premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Environmental and Energy Insurance | Markel |
| Excess and Umbrella Insurance | |
| General Liability Insurance | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In January, the company entered into a partnership with Foxquilt to distribute insurance products for more agents/brokers, small business owners, and enterprise partners in North America. |
| 2023 | Corporate Changes/Expansions | In December, Markel International introduced a Specialty practice under its International Wholesale division. |
| 2023 | Acquisitions/Mergers/Takeovers | In October, the company acquired a 49% share in a tax-managing general agent, Certa Insurance Partners Ltd. |
Competitor Comparison
| Key Parameters | Markel Group Inc | Berkshire Hathaway Inc | The Progressive Corp | Nationwide Mutual Insurance Co | American International Group Inc (AIG) |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Glen Allen | Omaha | Mayfield Village | Columbus | New York |
| State/Province | Virginia | Nebraska | Ohio | Ohio | New York |
| No. of Employees | 21,600 | 396,500 | 61,400 | - | 25,200 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Steven A. Markel | Chairman | Executive Board | 2020 | 75 |
| Thomas S. Gayner | Director; Chief Executive Officer | Executive Board | 2023 | 62 |
| Michael R. Heaton | Chief Operating Officer; Executive Vice President | Senior Management | 2024 | 47 |
| Richard R. Grinnan | Chief Legal Officer; Secretary; Senior Vice President | Senior Management | 2020 | 54 |
| Brian Costanzo | Chief Financial Officer - Markel; Chief Financial Officer - Group | Senior Management | 2023 | 45 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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