Market Summary
USD1542.14-1.81
Market Closed-0.12%
MKL Stock Price
MKL RSI Chart
MKL Valuation
MKL Price/Sales (Trailing)
MKL Profitability
MKL Fundamentals
MKL Revenue
MKL Earnings
Price Action
52 Week Range
1064.091558.42
(Low)(High)
Last 7 days
2.7%
Last 30 days
3.3%
Last 90 days
15.5%
Trailing 12 Months
28.7%
MKL Financial Health
MKL Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for MKL
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-15 | Heaton Michael R | acquired | 4,100 | 1,369 | 2.9943 | executive vice president |
2023-09-07 | MARKEL STEVEN A | sold | -510,866 | 1,468 | -348 | - |
2023-09-06 | Cunningham Lawrence A | bought | 14,550 | 1,455 | 10.00 | - |
2023-09-05 | MARKEL STEVEN A | sold | -514,891 | 1,471 | -350 | - |
2023-09-05 | Cunningham Lawrence A | bought | 14,575 | 1,457 | 10.00 | - |
2023-08-31 | MARKEL STEVEN A | sold | -518,881 | 1,482 | -350 | - |
2023-08-29 | MARKEL STEVEN A | sold | -515,161 | 1,471 | -350 | - |
2023-08-29 | Cunningham Lawrence A | bought | 36,500 | 1,460 | 25.00 | - |
2023-08-18 | Harris Greta J | sold | -153,663 | 1,491 | -103 | - |
2023-08-15 | Heaton Michael R | acquired | 8,199 | 1,345 | 6.0946 | executive vice president |
Which funds bought or sold MKL recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 12.12 | 9,023 | 51,178 | 0.01% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | added | 2.31 | 17,900 | 183,963 | 0.05% |
2023-09-07 | JAG CAPITAL MANAGEMENT, LLC | reduced | -1.1 | 1,020,090 | 15,411,400 | 1.78% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 42,308 | 553,272 | -% |
2023-08-24 | Adalta Capital Management LLC | added | 181 | 940,000 | 1,400,000 | 0.94% |
2023-08-24 | INVICTUS PRIVATE WEALTH, LLC | unchanged | - | 24,327 | 318,131 | 0.03% |
2023-08-23 | WOLVERINE TRADING, LLC | reduced | -52.05 | -354,339 | 385,661 | -% |
2023-08-22 | Asset Dedication, LLC | added | 72.73 | 12,000 | 26,000 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 0.36 | 370,960 | 4,649,230 | 0.01% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 2.16 | 791,000 | 8,233,000 | 0.08% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Markel
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 8.99% | 1,208,726 | SC 13G/A | |
| Feb 24, 2022 | blackrock inc. | 4.5% | 619,942 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.82% | 1,215,423 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 6.0% | 824,768 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 8.86% | 1,224,995 | SC 13G/A | |
| Feb 05, 2020 | blackrock inc. | 6.6% | 917,249 | SC 13G/A |
Recent SEC filings of Markel
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 08, 2023 | 4 | Insider Trading | |
| Sep 08, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 4 | Insider Trading | |
| Aug 31, 2023 | 8-K | Current Report | |
| Aug 30, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 4 | Insider Trading | |
| Aug 29, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 22, 2023 | 4 | Insider Trading |
Peers (Alternatives to Markel)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PGR | 83.5B | 55.3B | 6.38% | 11.93% | 47.86 | 1.51 | 11.39% | 104.72% |
AIG | 45.2B | 50.4B | 7.61% | 15.58% | 10.04 | 0.9 | -9.25% | -63.51% |
TRV | 38.7B | 38.7B | 2.91% | 2.81% | 17.31 | 1 | 8.33% | -37.32% |
ALL | 29.9B | 54.6B | 6.77% | -13.02% | -11.18 | 0.55 | 9.14% | -383.17% |
RE | 25.2B | 13.3B | 0.67% | 24.34% | 20.79 | 1.9 | 12.64% | 55.58% |
AFG | 9.7B | 7.5B | 0.28% | -7.28% | 11.38 | 1.3 | 12.86% | -17.26% |
HIG | - | 23.6B | 2.72% | 12.08% | - | - | 5.78% | -4.19% |
| MID-CAP | ||||||||
RNR | 10.5B | 7.4B | 15.73% | 34.35% | 25.5 | 1.41 | 62.27% | 144.80% |
ESGR | 4.0B | 1.3B | -0.18% | 24.18% | 14.4 | 3.07 | 41.34% | 137.60% |
| SMALL-CAP | ||||||||
PLMR | 1.3B | 348.9M | 2.75% | -38.18% | 23 | 3.82 | 16.85% | 25.90% |
HMN | 1.2B | 1.4B | 1.93% | -21.70% | -111.09 | 0.86 | 3.44% | -114.81% |
PRA | 998.8M | 1.1B | 4.21% | -11.45% | 107.75 | 0.88 | -2.53% | -76.30% |
JRVR | 562.0M | 901.0M | -2.03% | -39.05% | 12.11 | 0.62 | 14.76% | 164.17% |
Markel News
Returns for MKL
Cumulative Returns on MKL
11.5%
10-Year Cumulative Returns
7.6%
7-Year Cumulative Returns
4.9%
5-Year Cumulative Returns
16.4%
3-Year Cumulative Returns
Risks for MKL
What is the probability of a big loss on MKL?
51.5%
Probability that Markel stock will be more than 20% underwater in next one year
19.2%
Probability that Markel stock will be more than 30% underwater in next one year.
18.5%
Probability that Markel stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MKL drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Markel was unfortunately bought at previous high price.
Drawdowns
Financials for Markel
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 18.5% | 15,063 | 12,712 | 11,675 | 11,223 | 10,844 | 12,552 | 12,846 | 12,444 | 12,668 | 12,300 | 11,745 | 11,190 | 10,636 | 10,081 | 9,526 | 7,988 | 8,190 | 7,738 | 6,841 | 7,461 | 6,731 |
| Costs and Expenses | 1.7% | 12,211 | 12,007 | 11,768 | 11,190 | 10,642 | 10,095 | 9,603 | 9,233 | 9,007 | 8,475 | 8,461 | 8,078 | 7,629 | 7,512 | 7,049 | 7,196 | 7,106 | 7,009 | 6,802 | 6,310 | 6,466 |
| EBITDA | -100.0% | - | 1,154 | 414 | - | 387 | 2,863 | 3,652 | - | - | 3,983 | 1,485 | 1,074 | 756 | 227 | 2,727 | 1,111 | 1,358 | 1,064 | - | - | - |
| EBITDA Margin | -100.0% | - | 0.09* | 0.04* | - | 0.04* | 0.23* | 0.28* | - | - | 0.32* | 0.13* | 0.10* | 0.07* | 0.02* | 0.29* | 0.14* | 0.17* | 0.14* | - | - | - |
| Interest Expenses | -1.4% | 193 | 196 | 196 | 195 | 194 | 191 | 184 | 180 | 176 | 175 | 178 | 176 | 181 | 176 | 172 | 169 | 159 | 154 | 154 | 150 | 144 |
| Earnings Before Taxes | 343.0% | 2,621 | 592 | -148 | 91.00 | 195 | 2,337 | 3,132 | 3,006 | 3,346 | 3,501 | 1,000 | 628 | 306 | -218 | 2,286 | 714 | 971 | 682 | -7.85 | 1,066 | 187 |
| EBT Margin | -100.0% | - | 0.05* | -0.01* | 0.01* | 0.02* | 0.19* | 0.24* | 0.24* | 0.26* | 0.28* | 0.09* | 0.06* | 0.03* | -0.02* | 0.24* | - | - | - | - | - | - |
| Net Income | 491.3% | 1,939 | 328 | -214 | -31.04 | 92.00 | 1,800 | 2,425 | 2,401 | 2,666 | 2,796 | 816 | 480 | 231 | -183 | 1,799 | 535 | 740 | 513 | -130 | 1,058 | 390 |
| Net Income Margin | -100.0% | - | 0.03* | -0.02* | 0.00* | 0.01* | 0.14* | 0.19* | 0.19* | 0.21* | 0.23* | 0.07* | 0.04* | 0.02* | -0.02* | 0.19* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 2,339 | 2,455 | 2,258 | 2,182 | 2,205 | 2,129 | 1,989 | 1,956 | 1,888 | 1,636 | 1,723 | 1,389 | 1,193 | 1,151 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 2.4% | 52,184 | 50,942 | 49,791 | 48,421 | 47,947 | 48,985 | 48,477 | 46,696 | 45,642 | 43,043 | 41,710 | 40,170 | 39,068 | 36,049 | 37,474 | 37,036 | 36,422 | 34,737 | 33,306 | 33,958 | 33,247 |
| Cash Equivalents | 6.8% | 4,306 | 4,032 | 4,137 | 3,541 | 4,911 | 5,208 | 4,881 | 4,507 | 4,352 | 4,498 | 5,217 | 5,263 | 5,627 | 4,458 | 3,500 | 3,200 | 2,641 | 2,764 | 2,396 | 2,627 | 2,244 |
| Goodwill | -0.6% | 2,627 | 2,643 | 2,639 | 2,797 | 2,770 | 2,774 | 2,899 | 2,695 | 2,606 | 2,605 | 2,605 | 2,605 | 2,607 | 2,310 | 2,309 | 2,188 | 2,189 | 2,216 | 2,238 | 1,784 | 1,785 |
| Liabilities | 2.2% | 37,481 | 36,661 | 36,054 | 35,550 | 34,684 | 34,398 | 33,276 | 32,424 | 31,415 | 29,623 | 28,650 | 28,021 | 27,443 | 26,161 | 26,218 | 26,236 | 25,857 | 24,770 | 24,032 | 24,019 | 23,614 |
| Long Term Debt | -2.1% | 3,814 | 3,897 | 4,104 | 4,131 | 4,502 | 4,429 | 4,361 | - | - | - | 3,484 | - | - | - | 3,534 | - | - | - | - | - | - |
| Shareholder's Equity | 3.2% | 14,185 | 13,744 | 13,151 | 12,294 | 12,756 | 14,101 | 14,717 | 14,017 | 13,975 | 13,164 | 12,800 | 11,894 | 11,395 | 9,721 | 11,071 | 10,623 | 10,396 | 9,796 | 9,081 | 9,784 | 9,481 |
| Retained Earnings | 5.5% | 10,819 | 10,255 | 9,833 | 9,256 | 9,290 | 10,278 | 10,447 | 9,650 | 9,504 | 8,755 | 8,195 | 7,377 | 6,948 | 6,039 | 7,457 | 6,989 | 6,808 | 6,339 | 5,782 | 6,577 | 6,184 |
| Minority Interest | 19.5% | 54.00 | 45.00 | 63.00 | 65.00 | 11.00 | 6.00 | 23.00 | 23.00 | 23.00 | 21.00 | 15.00 | 14.00 | 16.00 | 12.00 | 8.00 | 11.00 | 17.00 | 22.00 | 20.00 | -3.84 | -3.45 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 8.5% | 2,797 | 2,579 | 2,709 | 2,532 | 2,382 | 2,371 | 2,274 | 2,098 | 2,062 | 1,990 | 1,738 | 1,824 | 1,514 | 1,321 | 1,274 | 842 | 834 | 854 | 893 | 1,023 | 928 |
| Cashflow From Investing | 5.1% | -1,640 | -1,728 | -1,670 | -1,488 | -1,103 | -1,910 | -2,937 | -3,266 | -3,802 | -2,495 | -511 | 144 | 1,040 | 29.00 | -535 | -1,001 | -873 | -386 | -797 | -1,103 | -1,626 |
| Cashflow From Financing | 15.2% | -838 | -988 | -595 | -560 | -581 | 297 | 370 | 398 | 391 | 467 | 435 | 64.00 | 447 | 380 | 359 | 763 | 453 | -104 | -178 | 384 | 343 |
| Buy Backs | 19.8% | 352 | 293 | 291 | 292 | 272 | 264 | 207 | 125 | 64.00 | 25.00 | 27.00 | 58.00 | 71.00 | 103 | 116 | 105 | 99.00 | 79.00 | 54.00 | 57.00 | 76.00 |
MKL Income Statement
2023-06-30Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |||||||||||||||
| OPERATING REVENUES | ||||||||||||||||||
| Earned premiums | $ 2,031,143 | $ 1,833,104 | $ 3,998,847 | $ 3,592,874 | ||||||||||||||
| Net investment income | 169,693 | 96,795 | 329,028 | 189,099 | ||||||||||||||
| Net investment gains (losses) | 484,527 | (1,554,643) | 857,090 | (1,913,042) | ||||||||||||||
| Products revenues | 784,882 | 776,959 | 1,362,808 | 1,258,580 | ||||||||||||||
| Services and other revenues | 672,291 | 639,992 | 1,238,152 | 1,270,932 | ||||||||||||||
| Total Operating Revenues | 4,142,536 | 1,792,207 | 7,785,925 | 4,398,443 | ||||||||||||||
| OPERATING EXPENSES | ||||||||||||||||||
| Losses and loss adjustment expenses | 1,187,876 | 1,058,810 | 2,360,890 | 2,031,182 | ||||||||||||||
| Underwriting, acquisition and insurance expenses | 697,887 | 609,469 | 1,373,592 | 1,199,834 | ||||||||||||||
| Products expenses | 651,469 | 697,718 | 1,167,225 | 1,145,537 | ||||||||||||||
| Services and other expenses | 590,817 | 557,481 | 1,071,436 | 1,147,372 | ||||||||||||||
| Amortization of intangible assets | 44,423 | [1] | 45,523 | [2] | 88,822 | [3] | 91,572 | [4] | ||||||||||
| Total Operating Expenses | 3,172,472 | 2,969,001 | 6,061,965 | 5,615,497 | ||||||||||||||
| Operating Income (Loss) | 970,064 | (1,176,794) | 1,723,960 | (1,217,054) | ||||||||||||||
| Interest expense | (47,221) | (50,050) | (96,659) | (99,742) | ||||||||||||||
| Net foreign exchange gains (losses) | (14,976) | 105,067 | (47,904) | 128,071 | ||||||||||||||
| Income (Loss) Before Income Taxes | 907,867 | (1,121,777) | 1,579,397 | (1,188,725) | ||||||||||||||
| Income tax (expense) benefit | (191,937) | 238,953 | (325,668) | 257,089 | ||||||||||||||
| Net Income (Loss) | 715,930 | (882,824) | 1,253,729 | (931,636) | ||||||||||||||
| Net income attributable to noncontrolling interests | (20,419) | (32,972) | (69,566) | (35,901) | ||||||||||||||
| Net Income (Loss) to Shareholders | 695,511 | (915,796) | 1,184,163 | (967,537) | ||||||||||||||
| Preferred stock dividends | (18,000) | (18,000) | (18,000) | (18,000) | ||||||||||||||
| Net Income (Loss) to Common Shareholders | 677,511 | (933,796) | 1,166,163 | (985,537) | ||||||||||||||
| OTHER COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||
| Net holding gains (losses) arising during the period | (134,991) | (362,392) | 26,215 | (883,592) | ||||||||||||||
| Reclassification adjustments for net losses included in net income (loss) | 405 | 1,261 | 3,399 | 1,698 | ||||||||||||||
| Change in net unrealized gains (losses) on available-for-sale investments, net of taxes | (134,586) | (361,131) | 29,614 | (881,894) | ||||||||||||||
| Change in discount rate for life and annuity benefits, net of taxes | 3,224 | 63,198 | (5,828) | 123,891 | ||||||||||||||
| Change in foreign currency translation adjustments, net of taxes | 361 | (4,275) | 2,940 | (5,523) | ||||||||||||||
| Change in net actuarial pension loss, net of taxes | 18 | 373 | 36 | 1,505 | ||||||||||||||
| Total Other Comprehensive Income (Loss) | (130,983) | (301,835) | 26,762 | (762,021) | ||||||||||||||
| Comprehensive Income (Loss) | 584,947 | (1,184,659) | 1,280,491 | (1,693,657) | ||||||||||||||
| Comprehensive income attributable to noncontrolling interests | (20,398) | (33,029) | (69,577) | (35,945) | ||||||||||||||
| Comprehensive Income (Loss) to Shareholders | $ 564,549 | $ (1,217,688) | $ 1,210,914 | $ (1,729,602) | ||||||||||||||
| NET INCOME (LOSS) PER COMMON SHARE | ||||||||||||||||||
| Basic | $ 50.20 | $ (69.15) | $ 87.50 | $ (75.56) | ||||||||||||||
| Diluted | $ 50.09 | $ (69.15) | [5] | $ 87.34 | $ (75.56) | [5] | ||||||||||||
| ||||||||||||||||||
MKL Balance Sheet
2023-06-30Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Assets [Abstract] | ||
| Fixed maturity securities, available-for-sale (amortized cost of $13,653,557 in 2023 and $12,805,887 in 2022) | $ 12,745,692 | $ 11,856,835 |
| Equity securities (cost of $3,282,591 in 2023 and $3,100,040 in 2022) | 8,688,860 | 7,671,912 |
| Short-term investments, available-for-sale (estimated fair value approximates cost) | 2,039,061 | 2,669,262 |
| Total Investments | 23,473,613 | 22,198,009 |
| Cash and cash equivalents | 4,305,884 | 4,137,432 |
| Restricted cash and cash equivalents | 935,045 | 1,084,081 |
| Receivables | 3,695,172 | 2,961,056 |
| Reinsurance recoverables | 8,296,043 | 8,446,745 |
| Deferred policy acquisition costs | 1,013,304 | 925,483 |
| Prepaid reinsurance premiums | 2,486,203 | 2,066,114 |
| Goodwill | 2,626,588 | 2,638,838 |
| Intangible assets | 1,677,621 | 1,747,464 |
| Other assets | 3,674,660 | 3,586,037 |
| Total Assets | 52,184,133 | 49,791,259 |
| Liabilities and Equity [Abstract] | ||
| Unpaid losses and loss adjustment expenses | 21,374,813 | 20,947,898 |
| Life and annuity benefits | 643,572 | 650,721 |
| Unearned premiums | 7,072,182 | 6,220,748 |
| Payables to insurance and reinsurance companies | 972,194 | 669,742 |
| Senior long-term debt and other debt (estimated fair value of $3,299,000 in 2023 and $3,541,000 in 2022) | 3,813,917 | 4,103,629 |
| Other liabilities | 3,603,932 | 3,461,482 |
| Total Liabilities | 37,480,610 | 36,054,220 |
| Redeemable noncontrolling interests | 464,442 | 523,154 |
| Commitments and contingencies | ||
| Shareholders' equity: | ||
| Preferred Stock | 591,891 | 591,891 |
| Common stock | 3,515,362 | 3,493,893 |
| Retained earnings | 10,818,989 | 9,832,804 |
| Accumulated other comprehensive loss | (740,743) | (767,494) |
| Total Shareholders' Equity | 14,185,499 | 13,151,094 |
| Noncontrolling interests | 53,582 | 62,791 |
| Total Equity | 14,239,081 | 13,213,885 |
| Total Liabilities and Equity | $ 52,184,133 | $ 49,791,259 |
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind. This segment also offers credit and surety products, and collateral protection insurance products. The company's Reinsurance segment offers transaction, healthcare, and environmental impairment liability; and specialty treaty reinsurance products comprising structured and whole turnover credit, political risk, mortgage and contract, and commercial surety reinsurance programs. Its Markel Ventures segment provides equipment used in baking systems and food processing; portable dredges; over-the-road car haulers and transportation equipment; and laminated oak and composite wood flooring, tube and tank trailers, as well as ornamental plants and residential homes, handbags, and architectural products. This segment also provides consulting, and other types of services to businesses and consumers, including distribution of exterior building products, crane rental, fire protection, and life safety services, management and technology consulting, and retail intelligence services. The company's Other segment provides healthcare, leasing and investment services, as well as operates as an insurance and investment fund manager offering a range of investment products, including insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives; and program services. it also manages funds with third parties. Markel Corporation was founded in 1930 and is based in Glen Allen, Virginia.