Markel Corp (Markel) 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 Pkwy, Glen Allen, Virginia, 23060-3382


Telephone 1 804 7470136

No of Employees 20,300

Industry Financial Services

Ticker Symbol & Exchange MKL (NYSE)

Revenue (2021) $12.8B 31.9% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX 197.2% (2021 vs 2020)

Market Cap* $17.4B

Net Profit Margin (2021) XXX 125.3% (2021 vs 2020)

* As of and is in US$

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Products and Services

Products
Contract Binding Insurance
Environmental and Energy Insurance
Excess and Umbrella Insurance
XXX
XXX
XXX
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 New Products/Services In November, the company launched a new specialised offering aimed at the life sciences industry.
2022 New Products/Services In November, the company announced the launch of an enhanced life sciences product liability offering.
2022 Contracts/Agreements In October, the company appointed Budget Guard Holdings for its Program Administrator stand-alone equipment maintenance insurance policy to its inland marine suite of products.
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Competitor Comparison

Key Parameters Markel Corp American International Group Inc (AIG) The Progressive Corp Nationwide Mutual Insurance Co CNA Financial Corp
Headquarters United States of America United States of America United States of America United States of America United States of America
City Glen Allen New York Mayfield Village Columbus Chicago
State/Province Virginia New York Ohio Ohio Illinois
No. of Employees 20,300 36,600 49,000 24,134 5,600
Entity Type Public Public Public Private Public
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Executives
Name Position Board Since Age
Steven A. Markel Chairman Executive Board 2020 73
Thomas S. Gayner Co-Chief Executive Officer; Director Executive Board 2016 60
Jeremy A. Noble Chief Financial Officer; Senior Vice President Senior Management 2018 46
Richard R. Grinnan Secretary; Senior Vice President; Chief Legal Officer Senior Management 2020 53
Robert C. Cox President - Insurance Operations; Chief Operating Officer - Insurance Operations Senior Management 2018 63
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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