Markel Group Inc (N:MKL)

Sector:  Financials Industry:  Property & Casualty Insurance
 
See Regulatory Filings on SEC
Company Contact
Address: 4521 Highwoods Parkway
GLEN ALLEN VA 23060-6148
Tel: N/A
Website: https://www.markel.com
IR: See website
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Key People
Steven A. Markel
Chairman of the Board
Amandeep Dhillon
Managing Director, Global Head of Catastrophe and Exposure Management
Thomas S. Gayner
Chief Executive Officer, Director
Brian J. Costanzo
Chief Financial Officer
Don Bahr
President - Global Reinsurance
Andrew G. Crowley
President - Markel Ventures
Jeremy A. Noble
President - Insurance Operations
Michael R. Heaton
Chief Operating Officer, Executive Vice President
Richard R. Grinnan
Senior Vice President, Chief Legal Officer, Secretary
Meade P. Grandis
Chief Accounting Officer
   
Business Overview
Markel Group Inc. is a holding company comprised of various businesses and investments. The Company's segments include Insurance, Reinsurance, Investing and Markel Ventures. Insurance segment includes all direct business and facultative reinsurance placements written on a risk-bearing basis within the Company's underwriting operations. Its insurance operations include underwriting, program services and other fronting, and Insurance-linked securities. Reinsurance segment includes all treaty reinsurance written on a risk-bearing basis within the Company's underwriting operations. Reinsurance segment product offerings are underwritten primarily by its Global Reinsurance division, which operates from platforms in the United States, Bermuda and United Kingdom. Investing segment includes all investing activities related to the Company's insurance operations. Markel Ventures segment consists of controlling interests in a diverse portfolio of businesses that operate in various industries.
Financial Overview
For the fiscal year ended 31 December 2023, Markel Group Inc revenues increased 35% to $15.8B. Net income applicable to common stockholders totaled $1.97B vs. loss of $322.2M. Revenues reflect Change in fair value of equity secur. increase from -$1.55B to $1.57B. Net Income reflects Investing segment income totaling $2.24B vs. loss of $1.17B, GAAP Expense Ratio - %-Reinsurance decrease of 2% to 30.2%, GAAP Loss Ratio - %-Reinsurance increase of 17% to 71.7%.
Employees: 21,600 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $20,648M as of Dec 31, 2023
Annual revenue (TTM): $15,804M as of Dec 31, 2023
EBITDA (TTM): $3,109M as of Dec 31, 2023
Net annual income (TTM): $1,966M as of Dec 31, 2023
Free cash flow (TTM): $2,510M as of Dec 31, 2023
Net Debt Last Fiscal Year: $32.74M as of Dec 31, 2023
Shares outstanding: 13,110,035 as of Jan 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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