Markel is a specialty property and casualty insurer covering niche risks like executive liability, professional liability, and commercial equine insurance. Customers are businesses and individuals with hard-to-place risks that standard insurers avoid. Premiums and float from the insurance business fund acquisitions of wholly owned noninsurance companies across industries such as bakery equipment manufacturing and homebuilding. Revenue comes from underwriting profits, investment income, and earnings from the owned operating businesses.
Employees22,900IPODec 19, 1986SIC6331HQ4521 Highwoods Parkway, Glen Allen, VA, USA, 23060-6148
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Financials
Profitability
Metric
Current
Margins
Gross Margin
—
Operating Margin
—
EBITDA Margin
20.0%
Net Margin
13.7%
OCF Margin
14.0%
FCF Margin
12.7%
Returns on Capital
ROE
12.5%
ROA
3.3%
ROIC
4.8%
ROCE
0.0%
ROC (Greenblatt)
0.0%
3Y ROIIC
12.3%
Consistency
Years Profitable / 10Y
8
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
10.18
Forward P/E
17.37
P/E ex-NRI
10.18
Shiller P/E (CAPE)
16.94
Cash Flow Multiples
P/FCF
10.97
P/OCF
10.00
P/Owner Earnings
10.50
FCF Yield
9.25%
Enterprise Value Multiples
EV / EBIT
7.80
EV / Forward EBIT
—
EV / EBITDA
7.39
EV / Forward EBITDA
—
EV / Revenue
1.48
EV / Forward Revenue
1.42
Asset / Sales
P/S
1.38
P/B
1.21
P/Tangible Book
1.56
Growth-Adjusted
PEG
0.45
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
0.00%
Forward Dividend Yield
0.00%
3Y Dividend Growth
0.0%
Payout Ratio
0.00
5Y Yield on Cost
0.00%
Buybacks & Dilution
3Y Buyback Ratio
2.10%
5Y Share Change
−7.1%
Combined
Shareholder Yield
2.44%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.23
Gross Debt / EBITDA
1.31
Cash / Debt
0.78
Equity / Assets
0.27
Coverage
Interest Coverage
15.52
Short-Term Liquidity
Current Ratio
0.00
Quick Ratio
0.00
Cash Ratio
0.00
Composite Scores
Piotroski F-Score
6
Altman Z-Score
—
Split History
Date
Split
1989-09-11
1.2:1
Ex-date
Amount
Pay date
No dividend history found.
Date
Transcript
Type
2026-07-30
Markel Group Second Quarter 2026 Earnings Call
Earnings Call
2026-07-30
Q2 2026 Markel Group Inc Earnings Call Transcript
Earnings Call
2026-04-29
Markel Group First Quarter 2026 Earnings Call
Earnings Call
2026-04-29
Q1 2026 Markel Group Inc Earnings Call Transcript
Earnings Call
2026-02-05
Markel Group Fourth Quarter 2025 Earnings Call
Earnings Call
2026-02-05
Q4 2025 Markel Group Inc Earnings Call Transcript
Earnings Call
2025-10-30
Q3 2025 Markel Group Inc Earnings Call Transcript
Earnings Call
2025-07-31
Markel Group Second Quarter 2025 Earnings Call
Earnings Call
2025-07-31
Q2 2025 Markel Group Inc Earnings Call Transcript
Earnings Call
2025-05-01
Markel Group First Quarter 2025 Earnings Call
Earnings Call
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5-Step DuPont Analysis
ROE %
12.58%
×
×
Net Margin %
13.71%
×
×
Operating Margin %
—
Operating Income
—
÷
Revenue
$16.67B
×
Tax Burden
0.7717
Net Income
$2.29B
÷
Pretax Income
$2.96B
×
Interest Burden
—
Pretax Income
$2.96B
÷
Operating Income
—
×
Asset Turnover
0.24
÷
Revenue
$16.67B
÷
Average Total Assets
$69.03B
Begin Total Assets
$66.79B
End Total Assets
$71.26B
×
Equity Multiplier
3.80
÷
Avg Total Assets
$69.03B
÷
Avg Stockholders Equity
$18.16B
Begin Equity
$17.32B
End Equity
$19.01B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| BlackRock, Inc. | 697.8K | 5.55% | -12.8K | $1.36B |
| VANGUARD CAPITAL MANAGEMENT LLC | 545.6K | 4.34% | +1.1K | $1.07B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 522.0K | 4.15% | -2.2K | $1.02B |
| Davis Selected Advisers | 406.8K | 3.23% | +23.3K | $794.40M |
| MORGAN STANLEY | 350.7K | 2.79% | -6.4K | $684.85M |
| Select Equity Group, L.P. | 331.7K | 2.64% | -46.0K | $647.77M |
| STATE STREET CORP | 312.2K | 2.48% | +5.2K | $609.67M |
| PRINCIPAL FINANCIAL GROUP INC | 307.8K | 2.45% | -94.1K | $601.19M |
| Boston Partners | 307.5K | 2.45% | +56.5K | $600.54M |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | 230.6K | 1.83% | +4.5K | $450.44M |
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View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| MARKEL STEVEN ADirector | 60.4K | 0.4800% | $111.69M |
| GAYNER THOMAS SINNICKSONOfficer | 56.3K | 0.4474% | $104.09M |
| Noble Jeremy AndrewOfficer | 4.9K | 0.0389% | $9.04M |
| Heaton Michael ROfficer | 4.7K | 0.0374% | $8.71M |
| Grinnan Richard RandolphOfficer | 4.1K | 0.0330% | $7.67M |
| OREILLY MICHAELDirector | 3.9K | 0.0313% | $7.28M |
| Leopold DianeDirector | 2.9K | 0.0230% | $5.36M |
| Crowley Andrew G.Officer | 2.7K | 0.0219% | $5.09M |
| MARKEL ANTHONY FDirector | — | — | — |
| Puckett A. LynneDirector | — | — | — |
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View allRecent insider activity
through Sep 30, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| Costanzo Brian J.Officer | Other Acquisition or Disposition | +2 | $3,000 | Sep 30, 2026 |
| Crowley Andrew G.Officer | Other Acquisition or Disposition | +7 | $12.9K | Jul 15, 2026 |
| Crowley Andrew G.Officer | Other Acquisition or Disposition | +3 | $4,555 | Jun 30, 2026 |
| Costanzo Brian J.Officer | Other Acquisition or Disposition | +2 | $3,500 | Jun 30, 2026 |
| Housel Morgan E.Director | Other Acquisition or Disposition | +66 | $110.0K | Jun 15, 2026 |
| Besca MarkDirector | Other Acquisition or Disposition | +81 | $135.0K | Jun 15, 2026 |
| Cunningham Lawrence ADirector | Other Acquisition or Disposition | +33 | $55.0K | Jun 15, 2026 |
| Leopold DianeDirector | Other Acquisition or Disposition | +66 | $110.0K | Jun 15, 2026 |
| Puckett A. LynneDirector | Other Acquisition or Disposition | +66 | $110.0K | Jun 15, 2026 |
| Morrison Harold Lawrence Jr.Director | Other Acquisition or Disposition | +33 | $55.0K | Jun 15, 2026 |
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