Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks. Markel is mostly out of the question for me as I already own sizable chunks of TRV and BRK, both insurance stocks. MKL is interesting.
Sold in early 2022, thanks to Ouija.
Normally, I rely on my gut.
Quarterly earnings was awesome. Market should respond....Records set for Markel.
Markel Corporation $MKL
Total Debt (mrq) 3.56B
Book Value Per Share (mrq) 913.34
The next Berkshire Hathaway. Just in its infancy.
News: $MKL LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Markel Corporation To Contact The Firm
NEW YORK , Jan. 24, 2019 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Markel Corporation ("Markel" or the "Company") (NYSE:MKL) of the March 12, 2019 deadline to seek the role of lead plaintiff in a federal securities class actio...
Read the whole news https://marketwirenews.com/news-releases/lead-plaintiff-deadline-alert-faruqi-faruqi-llp-encourages-investors-who-suffered-losses-exceeding-100-000-in-markel-corporation-to-contact-the-firm-7549590.html
Markel Reports Second Quarter And Six-Months Results (8/02/16)
RICHMOND, Va., Aug. 2, 2016 /PRNewswire/ -- Markel Corporation (NYSE: MKL) reported book value per common share outstanding of $603.13 at June 30, 2016, up 7% from $561.23 at December 31, 2015. Comprehensive income to shareholders was $209.9 million for the second quarter of 2016 compared to a comprehensive loss to shareholders of $132.9 million for the second quarter of 2015. Comprehensive income to shareholders was $606.9 million for the six months ended June 30, 2016 compared to $148.9 million for the same period of 2015. The combined ratio was 93% for the second quarter of 2016 compared to 96% for the second quarter of 2015. The combined ratio was 90% for the six months ended June 30, 2016 and 2015. Diluted net income per share was $5.41 for the quarter ended June 30, 2016 compared to $6.72 for the second quarter of 2015. Diluted net income per share was $16.55 for the six months ended June 30, 2016 compared to $20.21 for the same period of 2015.
Alan I. Kirshner, Executive Chairman, commented, "The second quarter of 2016 results continued to reflect strong performance from our underwriting, investing and Markel Ventures operations. We were pleased with our underwriting results which had minimal impact from the industry-wide large loss events that occurred during the quarter. Our investment portfolio benefited from favorable movements in the debt and equity markets and our Markel Ventures operations reported another quarter of year over year growth in operating revenue, EBITDA and net income."
The Company also announced today it has filed its Form 10-Q for the quarter ended June 30, 2016 with the Securities and Exchange Commission. A copy of the Form 10-Q is available on the Company's website at www.markelcorp.com or on the SEC website at www.sec.gov. Readers are urged to review the Form 10-Q for a more complete discussion of the Company's financial performance. The Company's quarterly conference call, which will involve discussion of the Company's financial results and business developments and may include forward-looking information, will be held Wednesday, August 3, 2016, beginning at 9:30 a.m. (Eastern Time). Any person interested in listening to the call should contact Markel's Investor Relations Department at 804-747-0136. Investors, analysts and the general public also may listen to the call free over the Internet through the Company's website, www.markelcorp.com. A replay of the call also will be available from approximately one hour after the conclusion of the call until Monday, August 15, 2016.
About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company's principal business markets and underwrites specialty insurance products. In each of the Company's businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at www.markelcorp.com.
http://www.prnewswire.com/news-releases/markel-reports-second-quarter-and-six-months-results-300308047.html
MKL hits new 52-week high (5/24/16)
MARKEL CORP (MKL)
Last Trade [tick] 975.6600 [-]
Volume 79,328
Net Change -0.7800
Net Change % -0.08%
52 Week High 989.1800 on 05/24/2016
52 Week Low 763.0000 on 05/26/2015
Day High 989.1800
Day Low 967.2100
MKL hits new 52-week high (5/23/16)
MARKEL CORP (MKL)
Last Trade [tick] 976.4400[+]
Volume 41,109
Net Change -6.4000
Net Change % -0.65%
52 Week High 986.5400 on 05/23/2016
52 Week Low 763.0000 on 05/26/2015
Day High 986.5400
Day Low 976.1700
MKL hits new 52-week high (5/20/16)
MARKEL CORP (MKL)
Last Trade [tick] 982.8400 [-]
Volume 52,032
Net Change 18.7400
Net Change % 1.94%
52 Week High 986.2600 on 05/20/2016
52 Week Low 763.0000 on 05/26/2015
Day High 986.2600
Day Low 968.5100
MKL hits new 52-week high (5/10/16)
MARKEL CORP (MKL)
Last Trade [tick] 957.8800[+]
Volume 60,222
Net Change 7.0900
Net Change % 0.75%
52 Week High 964.9600 on 05/10/2016
52 Week Low 763.0000 on 05/26/2015
Day High 964.9600
Day Low 948.5200
MKL hits new 52-week high (5/09/16)
MARKEL CORP (MKL)
Last Trade [tick] 950.7000[+]
Volume 32,969
Net Change 13.90
Net Change % 1.48%
52 Week High 951.3600 on 05/09/2016
52 Week Low 763.0000 on 05/26/2015
Day High 951.3600
Day Low 938.8800
MKL hits new 52-week high (5/05/16)
MARKEL CORP (MKL)
Last Trade [tick] 937.2600[+]
Volume 54,237
Net Change 6.4400
Net Change % 0.69%
52 Week High 949.9900 on 05/05/2016
52 Week Low 745.0200 on 05/06/2015
Day High 949.9900
Day Low 924.7750
Markel Reports First Quarter 2016 Results (5/03/16)
RICHMOND, Va., May 3, 2016 /PRNewswire/ -- Markel Corporation (NYSE: MKL) reported book value per common share outstanding of $589.86 at March 31, 2016, up 5% from $561.23 at December 31, 2015. Comprehensive income to shareholders was $397.0 million for the first quarter of 2016 compared to $281.8 million for the first quarter of 2015. The combined ratio was 88% for the first quarter of 2016 compared to 83% for the first quarter of 2015. The increase in the combined ratio for the first quarter of 2016 was driven by less favorable development of prior years' loss reserves and a higher expense ratio, partially offset by a lower current accident year loss ratio compared to the first quarter of 2015. Diluted net income per share was $11.15 for the quarter ended March 31, 2016 compared to $13.49 for the first quarter of 2015.
Alan I. Kirshner, Executive Chairman, commented, "2016 is off to a strong start with solid contributions from our underwriting, investing and Markel Ventures operations. Our growth in book value per share for the quarter reflects significant returns from our investment portfolio and our long-term focus on underwriting discipline. We are well-positioned to continue to build shareholder value and to take advantage of profitable growth opportunities as they arise."
The Company also announced today it has filed its Form 10-Q for the quarter ended March 31, 2016 with the Securities and Exchange Commission. A copy of the Form 10-Q is available on the Company's website at www.markelcorp.com or on the SEC website at www.sec.gov. Readers are urged to review the Form 10-Q for a more complete discussion of the Company's financial performance. The Company's quarterly conference call, which will involve discussion of the Company's financial results and business developments and may include forward-looking information, will be held Wednesday, May 4, 2016, beginning at 9:30 a.m. (Eastern Time). Any person interested in listening to the call should contact Markel's Investor Relations Department at 804-747-0136. Investors, analysts and the general public also may listen to the call free over the Internet through the Company's website, www.markelcorp.com. A replay of the call also will be available from approximately one hour after the conclusion of the call until Monday, May 16, 2016.
About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company's principal business markets and underwrites specialty insurance products. In each of the Company's businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at www.markelcorp.com.
http://www.prnewswire.com/news-releases/markel-reports-first-quarter-2016-results-300262195.html#continue-jump
Markel Announces The Expiration And Final Results Of Its Notes Tender Offer (4/26/16)
RICHMOND, Va., April 26, 2016 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today the final results of its previously announced cash tender offer (the "Tender Offer") for up to $250 million combined aggregate principal amount of its 7.350% Senior Notes due 2034 (the "2034 Notes") and its 7.125% Senior Notes due 2019 (the "2019 Notes" and, collectively with the 2034 Notes, the "Notes"). Approximately $178,971,000 in combined aggregate principal amount of the Notes was validly tendered and not validly withdrawn at or prior to the expiration of the Tender Offer at midnight, New York City time, at the end of April 25, 2016 (the "Expiration Date"). The Tender Offer was made upon, and subject to, the terms and conditions set forth in the Offer to Purchase, dated March 29, 2016, and the related Letter of Transmittal (as amended or supplemented, the "Tender Offer Documents").
The table below sets forth the aggregate principal amount of each series of Notes that was validly tendered and not validly withdrawn on or prior to the Expiration Date.
7.35% Senior Notes due 2034
570535 AG9
$200,000,000
$70,154,000
7.125% Senior Notes due 2019
570535 AH7
$343,628,000
$108,817,000
Holders of Notes accepted for purchase that were validly tendered and not validly withdrawn at or prior to 5 p.m., New York City Time, on April 11, 2016, the early tender date for the Tender Offer (the "Early Tender Date"), received the applicable "Total Consideration," which included an early tender premium of $30 per $1,000 principal amount of Notes accepted for purchase (the "Early Tender Premium"). The Company purchased the Notes tendered at or prior to the Early Tender Date on April 13, 2016, pursuant to the terms of the Tender Offer Documents. Holders of Notes accepted for purchase that were validly tendered after the Early Tender Date, but at or prior to the Expiration Date, received only the applicable "Tender Offer Consideration," which is an amount equal to the applicable Total Consideration minus the Early Tender Premium. The Total Consideration for each series per $1,000 principal amount of Notes was announced by Markel on April 12, 2016.
Markel has accepted for purchase all of the Notes validly tendered after the Early Tender Date and at or prior to the Expiration Date. Settlement for the Notes that were tendered following the Early Tender Date but on or prior to the Expiration Date occurred today.
In addition to the Tender Offer Consideration or the Total Consideration, as applicable, holders of Notes accepted for purchase have also received accrued and unpaid interest, rounded to the nearest cent, on such $1,000 principal amount of Notes from the last applicable interest payment date up to, but not including, the applicable settlement date.
Markel retained Citigroup Global Markets Inc. and Wells Fargo Securities, LLC as the Joint Lead Dealer Managers. Global Bondholder Services Corporation is the Information Agent and Depositary. For additional information regarding the terms of the Tender Offer, please contact: Citigroup Global Markets Inc. at (800) 558-3745 (toll free) or (212) 723-6106 (collect) or Wells Fargo Securities, LLC at (866) 309-6316 (toll-free) or (704) 410-4760 (collect). Requests for documents and questions regarding the tendering of securities may be directed to Global Bondholder Services Corporation by telephone at (212) 430-3774 (for banks and brokers only), (866) 924-2200 (for all others toll-free) or +001 (212) 430-3774 (international), by email at contact@gbsc-usa.com or to the Joint Lead Dealer Managers at their respective telephone numbers. These documents regarding the tendering of securities are also available at http://www.gbsc-usa.com/Markel/.
This news release does not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. The Tender Offer was made only pursuant to the Offer to Purchase and only in such jurisdictions as permitted under applicable law.
About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company's principal business markets and underwrites specialty insurance products. In each of the Company's businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at www.markelcorp.com.
http://www.prnewswire.com/news-releases/markel-announces-the-expiration-and-final-results-of-its-notes-tender-offer-300257914.html#continue-jump
Markel introduces enhancements to private company management liability policy (3/22/16)
RICHMOND, Va., March 22, 2016 /PRNewswire/ -- Markel Corporation (NYSE: MKL) is pleased to announce the launch of its revamped management liability policy for private companies. Markel has provided industry-leading management liability protection for over 14 years. The enhanced form now offers a number of new coverage features that make the policy more attractive to consumers. Some of the new features include retention credit for early settlement, extended reporting for retired directors and officers, and sublimits for shareholder dilution claims.
"Our customers and distribution partners are facing an environment of expanding liability exposure, and we are excited to announce the release of our new management liability policy for private companies. Working collaboratively with our stakeholders, we have developed a product aimed at meeting the ever-growing needs of our customers," said Sal Pollaro, Markel's Managing Director of Management Liability.
Led by Pollaro, Markel has a team of dedicated management liability underwriters that are located in Alpharetta, Georgia; Chicago, Illinois; New York, New York; Red Bank, New Jersey; San Francisco, California; and Woodland Hills, California. Pollaro joined Markel in 2009 and brings 20 years of leadership experience in management liability.
Markel is also one of a handful of providers for tenant discrimination coverage which is accessible through Markel's network of appointed wholesale brokers. A list of Markel's appointed wholesale brokers can be found at https://www.markelcorp.com/us-insurance/wholesale.
Markel's management liability product is not available in all states. The policy is available on admitted and excess and surplus bases and underwritten by Markel depending on jurisdiction.
About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company's principal business markets and underwrites specialty insurance products. In each of the Company's businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at markelcorp.com.
http://www.prnewswire.com/news-releases/markel-introduces-enhancements-to-private-company-management-liability-policy-300239804.html#continue-jump
Markel issues $400 million in 5.000% Senior Notes due 2046 (3/29/16)
http://www.sec.gov/Archives/edgar/data/1096343/000119312516521596/d137732dfwp.htm
Markel announces notes tender offer (3/29/16)
Commenced a tender offer to purchase for cash up to $250 million of its 7.350% Senior Notes due 2034 and 7.125% Senior Notes due 2019
http://www.reuters.com/article/idUSASC08INR