Last $687.69 USD
Change Today +2.20 / 0.32%
Volume 19.7K
As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

markel corp (MKL) Snapshot

Open
$685.69
Previous Close
$685.49
Day High
$691.72
Day Low
$683.85
52 Week High
11/14/14 - $707.36
52 Week Low
02/3/14 - $527.17
Market Cap
9.6B
Average Volume 10 Days
26.8K
EPS TTM
$19.02
Shares Outstanding
14.0M
EX-Date
--
P/E TM
36.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for MARKEL CORP (MKL)

markel corp (MKL) Related Businessweek News

No Related Businessweek News Found

markel corp (MKL) Details

Markel Corporation markets and underwrites specialty insurance products in the United States and internationally. It operates in three segments: Excess and Surplus Lines, Specialty Admitted, and London Insurance Market. The Excess and Surplus Lines segment writes risks outside of the standard market, including catastrophe-exposed property, professional liability, products liability, general liability, commercial umbrella, and other tailored coverages. This segment also provides environmental, transportation, inland marine, ocean marine, and railroad insurance products, as well as casualty facultative reinsurance, and public entity insurance and reinsurance products. The Specialty Admitted segment writes risks that remain with an admitted insurance company for marketing and regulatory reasons. This segment writes specialty program, personal property and liability coverage, and workers’ compensation insurance products. The London Insurance Market segment writes specialty property, casualty, professional liability, equine, marine, energy, trade credit insurance and reinsurance, crime and contingency, accident and health, products liability, excess and umbrella, and environmental liability coverage products. Markel Corporation was founded in 1930 and is headquartered in Glen Allen, Virginia.

7,200 Employees
Last Reported Date: 02/28/14
Founded in 1930

markel corp (MKL) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.1M
President, Chief Investment Officer, Presiden...
Total Annual Compensation: $895.8K
President and Co-Chief Operating Officer
Total Annual Compensation: $895.8K
President and Co-Chief Operating Officer
Total Annual Compensation: $870.8K
Chief Financial Officer and Vice President
Total Annual Compensation: $514.6K
Compensation as of Fiscal Year 2013.

markel corp (MKL) Key Developments

Markel Corporation Appoints Britt Glisson as President of Global Insurance Division

Markel Corporation announced that Britt Glisson has been appointed President of the Global Insurance division effective November 17, 2014. In his new role, Glisson will report to Mike Crowley, the company's President and Co-Chief Operating Officer. He remains responsible for the company's ceded reinsurance administration team.

Elephant Insurance Partners with Markel Corporation to Provide Motorcycle Insurance

Elephant Insurance announced that it has partnered with Markel Corporation to update Elephant's policy offerings for motorcycle and ATV/UTV insurance. Markel's specialty insurance product enables Elephant to provide more comprehensive and convenient coverage options to both new and existing customers. Elephant's motorcycle insurance and ATV/UTV insurance offering will be made available to consumers online or over the phone starting November 6, 2014. Through this new partnership, Elephant customers will be able to bundle auto and motorcycle insurance policies. Having access to diverse insurance offering provides Elephant customers the opportunity to maximize their savings. This new partnership allows customers to purchase motorcycle and ATV/UTV coverage directly from Elephant's licensed agents, providing convenience and affordability for customers, and helps Elephant continue to support its promise of "More Care, Less Cost" for its customers.

Markel Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Markel Corporation reported earnings results for the third quarter and nine months ended September 30, 2014. For the nine months, the company’s book value per common share outstanding of $514.06 at September 30, 2014, up 8% from $477.16 at December 31, 2013. Comprehensive income to shareholders was $517.4 million for the nine months ended September 30, 2014 compared to $253.0 million for the same period of 2013. Diluted net income per share was $14.21 for the nine months ended September 30, 2014 compared to $15.33 for the same period of 2013. Net cash provided by operating activities was $537 million for the first nine months of 2014 compared to $543 million for the same period of 2013. The decrease is due to higher tax payments for its national operations, partially offset by higher cash flows from investment income and underwriting activities due to the inclusion of Alterra. Net income to shareholders of $204 million in the first nine months of 2014 compared to $182 million a year ago. Total operating revenues grew 25% to $3.8 billion in 2014 compared to $3 billion in the first nine months of 2013. The most significant drivers of this increase continue to be the inclusion of nine months of underwriting revenues from legacy Alterra product offerings in 2014, higher revenues from the Hagerty business, and higher investment income due to its larger investment portfolio. Gross written premiums were $3.8 billion in 2014 compared to $2.9 billion in 2013, an increase of 30%. Net written premiums were $3.1 billion in the first nine months of 2014, up 28% from the prior year. And earned premiums increased 26% to $2.9 billion. These increases were driven by the inclusion of nine months of premiums from the legacy Alterra products in 2014 compared to five months of legacy Alterra premium in 2013. EBITDA from the group was $66 million versus $64 million in 2013, which is a much smaller percentage increase than the increase in revenues. Comprehensive income to shareholders was $36.5 million for the third quarter of 2014 compared to $144.4 million for the same period of 2013. Diluted net income per share was $5.30 for the quarter ended September 30, 2014 compared to $4.67 for the third quarter of 2013.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MKL:US $687.69 USD +2.20

MKL Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Alleghany Corp $466.26 USD -0.32
Arch Capital Group Ltd $59.51 USD -0.24
Cincinnati Financial Corp $52.18 USD -0.19
Everest Re Group Ltd $172.08 USD -0.24
XL Group PLC $34.26 USD -0.11
View Industry Companies
 

Industry Analysis

MKL

Industry Average

Valuation MKL Industry Range
Price/Earnings 32.4x
Price/Sales 1.9x
Price/Book 1.3x
Price/Cash Flow 26.5x
TEV/Sales 0.7x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MARKEL CORP, please visit www.markelcorp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.