Markel Group Inc - Company Profile
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Markel Group Inc (Markel) is a holding company that owns independently operated businesses across various industries. The company's main activities include providing specialized insurance products and managing investments. Markel Insurance, a cornerstone of the group, offers specialty insurance products not typically available in the standard market. The company's products and services serve a diverse range of customers, including those in construction, healthcare, and consumer goods industries. Markel Group operates through a network of wholesale and retail channels and manages general agents. Markel is headquartered in Richmond, 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
22,900
Industry
Financial Services
Ticker Symbol & Exchange
MKL (NYSE)
Revenue (2024)
$16.6B
-0.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-23.3%
(2024 vs 2023)
Market Cap*
$24.4B
Net Profit Margin (2024)
XYZ
-23.2%
(2024 vs 2023)
* As of and is in US$
Markel Group Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Environmental and Energy Insurance | Underwriting Services | a |
| Excess and Umbrella Insurance | Markel | |
| 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 |
|---|---|---|
| 2025 | New Products/Services | In November, Markel Insurance launched its Storage Tank Liability insurance product to Canadian brokers through the digital platform Markel Connect. |
| 2025 | New Products/Services | In August, Markel Insurance introduced Cyber 360 Canada, Tech 360 Canada, and Fintech 360 Canada policies. |
| 2025 | Others | In August, Markel Insurance sold the renewal rights for its Global Reinsurance business to Nationwide. |
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 | 22,900 | 387,800 | 70,000 | - | 22,100 |
| 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 | 77 |
| Thomas S. Gayner | Director; Chief Executive Officer | Executive Board | 2023 | 62 |
| Brian J. Costanzo | Chief Financial Officer - Markel Insurance; Chief Financial Officer | Senior Management | 2023 | 47 |
| Richard R. Grinnan | Chief Legal Officer; Secretary; Senior Vice President | Senior Management | 2020 | 57 |
| Raphael Da Costa | Head - US Cyber and Tech E&O | Senior Management | 2026 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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