Markel Corporation (N:MKL)

Sector:  Financials Industry:  Property & Casualty Insurance
See Regulatory Filings on SEC
Company Contact
Address: 4521 Highwoods Pkwy
GLEN ALLEN VA 23060-6148
Tel: N/A
IR: See website
Key People
Steven A. Markel
Chairman of the Board
Anthony F. Markel
Vice Chairman of the Board
Thomas S. Gayner
Co-Chief Executive Officer, Director
Richard Reeves Whitt
Co-Chief Executive Officer, Director
Jeremy A. Noble
Chief Financial Officer, Senior Vice President
Robert C. Cox
President and Chief Operating Officer - Insurance Operations
Michael R. Heaton
President - Markel Ventures
Bradley J. Kiscaden
President - Chief Administrative Officer, Insurance Operations
Richard R. Grinnan
Senior Vice President, Chief Legal Officer, Secretary
Linda V. Schreiner
Senior Vice President
Business Overview
Markel Corporation is a financial holding company serving a range of markets. The Company's principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc. (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace. The U.S. Insurance segment includes all direct business and facultative placements written by its insurance subsidiaries domiciled in the United States. The International Insurance segment includes all direct business and facultative placements written by its insurance subsidiaries domiciled outside of the United States, including its syndicate at Lloyd's of London (Lloyd's). The Reinsurance segment includes all treaty reinsurance written across the Company.
Financial Overview
For the three months ended 31 March 2020, Markel Corporation revenues decreased 86% to $335.7M. Net loss applicable to common stockholders totaled $1.39B vs. income of $594.8M. Revenues reflect Change in fair value of equity securitie decrease from $611.5M to -$1.69B, Investment Income, Gross - Insurance decrease of 21% to $93.1M. Net loss reflects Investing segment loss totaling $1.59B vs. income of $726.1M.
Employees: 18,600 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $11,728M as of Mar 31, 2020
Annual revenue (TTM): $7,389M as of Mar 31, 2020
EBITDA (TTM): $348.01M as of Mar 31, 2020
Net annual income (TTM): -$192.97M as of Mar 31, 2020
Free cash flow (TTM): $1,193M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 13,775,308 as of Apr 21, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization