Last $659.96 USD
Change Today +7.52 / 1.15%
Volume 10.7K
MKL On Other Exchanges
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As of 1:15 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

markel corp (MKL) Key Developments

Markel Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Markel Corp. reported earnings results for the second quarter and six months ended June 30, 2014. Comprehensive income to shareholders was $250.6 million for the second quarter of 2014 compared to a comprehensive loss to shareholders of $149.1 million for the second quarter of 2013. Diluted net income per share was $2.66 for the quarter ended June 30, 2014 compared to $2.24 for the second quarter of 2013. Comprehensive income to shareholders was $480.9 million for the six months ended June 30, 2014 compared to $108.6 million for the same period of 2013. Diluted net income per share was $8.91 for the six months ended June 30, 2014 compared to $10.79 for the same period of 2013. Total operating revenues grew 35% to $2.5 billion in 2014 compared to $1.9 billion in the first half of 2013. The increase is due to the inclusion of 6 months of underwriting revenues from legacy Alterra product offerings in 2014, higher revenues from the Hagerty business and higher investment income due to larger investment portfolio.

Markel Corp., Q2 2014 Earnings Call, Aug 07, 2014

Markel Corp., Q2 2014 Earnings Call, Aug 07, 2014

Markel Corporation Appoints Thomas K. Smith as Chief Marketing Officer

Markel Corporation appointed Thomas K. Smith to the newly created position of Chief Marketing Officer. Smith has 30 years of insurance industry experience and joined Markel in 2007. In his new role, he is responsible for business development, branding, managing strategic relationships, creating digital assets, and corporate advertising/marketing activities. The appointment was effective July 1, 2014. Smith will report to Crowley and continue working at Markel's corporate headquarters in Richmond, VA.

Markel Corp. Appoints Tim Pasik as Managing Director, Excess and Umbrella in New Jersey

Markel Corp. has appointed Tim Pasik as managing director, excess and umbrella, for its product line leadership team. He will be based in Markel’s Red Bank, New Jersey, office and report to Jeff Lamb, executive underwriting officer. Pasik’s career in the insurance industry spans 26 years, with experience in the areas of property, casualty, and directors and officers insurance. Most recently, he worked for AEGIS Insurance Services as senior vice president of underwriting. Prior to AEGIS, he held management and underwriting positions at General Re.

Markel Corp. Announces Executive Changes

Markel Corp. has promoted Richard Grinnan to general counsel and secretary. Grinnan succeeds Mike Jones, who has retired. Grinnan joined the company in 2012 as assistant general counsel. Before joining Markel, Grinnan served as deputy general counsel at Alpha Natural Resources. Prior to that, he was vice president and corporate secretary at Massey Energy. Grinnan began his legal career at McGuireWoods LLP in Richmond, VA, as a corporate and securities lawyer.

 

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MKL

Industry Average

Valuation MKL Industry Range
Price/Earnings 32.0x
Price/Sales 1.8x
Price/Book 1.3x
Price/Cash Flow 25.9x
TEV/Sales 0.6x
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