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Markel Corp Stock Research

MKL

1328.65USD+14.70(+1.12%)Market Closed

Market Summary

USD1328.65+14.70
Market Closed
1.12%

MKL Alerts

MKL Stock Price

MKL RSI Chart

MKL Valuation

Market Cap

18.2B

Price/Earnings (Trailing)

55.48

Price/Sales (Trailing)

1.43

EV/EBITDA

15.62

Price/Free Cashflow

7.77

MKL Price/Sales (Trailing)

MKL Profitability

EBT Margin

-1.27%

Return on Equity

-1.64%

Return on Assets

-0.43%

Free Cashflow Yield

12.88%

MKL Fundamentals

MKL Revenue

Revenue (TTM)

12.7B

Revenue Y/Y

39.8%

Revenue Q/Q

-13.47%

MKL Earnings

Earnings (TTM)

327.4M

Earnings Y/Y

1.0K%

Earnings Q/Q

-29.15%

Price Action

52 Week Range

1064.091458.56
(Low)(High)

Last 7 days

-2.3%

Last 30 days

1.3%

Last 90 days

-0.5%

Trailing 12 Months

-3.5%

MKL Financial Health

Debt/Equity

0.31

Debt/Cashflow

0.66

MKL Investor Care

Buy Backs (1Y)

1.59%

Diluted EPS (TTM)

20.31

Peers (Alternatives to Markel)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
80.9B
52.1B
-4.00% 10.00%
112.13
1.63
6.08% -60.84%
39.8B
37.8B
-2.45% 0.63%
14.22
1.05
6.99% -29.09%
39.6B
51.6B
6.42% -4.08%
3.86
0.7
-3.37% -38.13%
28.8B
52.9B
-3.97% -15.88%
-12.04
0.54
4.73% -167.90%
24.5B
12.4B
-5.12% 26.78%
41.05
1.97
3.58% -56.71%
23.3B
22.9B
0.31% -2.34%
11.93
1.05
1.76% -25.56%
11.4B
-
0.57% 29.95%
32.11
0.97
- -
9.7B
7.2B
-4.93% -11.85%
11.83
1.35
8.46% -56.06%
MID-CAP
8.3B
6.5B
-8.64% 24.01%
-80.86
1.27
18.12% 27.70%
3.9B
1.6B
3.06% 6.01%
-21.91
2.4
- -308.14%
SMALL-CAP
1.4B
1.4B
-0.16% -25.99%
-529.92
1
2.59% -108.90%
1.2B
338.2M
-4.28% -23.19%
21.71
3.53
22.24% 25.58%
990.7M
1.1B
-31.02% -46.30%
-2.5K
0.9
-7.68% -102.27%
758.8M
847.3M
6.72% -22.00%
24.98
0.9
7.01% 151.37%

Financials for Markel

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue8.9%12,71211,67511,22310,84412,552
Costs and Expenses2.0%12,00911,76811,19210,64410,095
EBITDA7.0%4143872,863--
EBITDA Margin-0.7%0.04*0.04*0.23*--
Earnings Before Taxes497.1%591-14891.001942,337
EBT Margin-260.2%-0.01*0.01*0.02*0.19*-
Interest Expenses-0.1%196196195194191
Net Income252.9%327-214-31.6091.001,800
Net Income Margin-529.4%-0.02*0.00*0.01*0.14*-
Free Cahsflow8.7%2,4552,2582,1822,205-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets2.3%50,94249,79148,42147,94748,985
    Cash Equivalents-2.5%4,0324,1373,5413,6995,208
  Goodwill0.2%2,6432,6392,7972,7702,774
Liabilities1.7%36,66136,05435,55034,68434,398
  Long Term Debt-5.0%3,8974,1044,1314,5024,429
Shareholder's Equity4.5%13,74413,15112,29412,75614,101
  Retained Earnings4.3%10,2559,8339,2569,29010,278
Minority Interest-28.6%45.0063.0065.0011.006.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-4.8%2,5792,7092,5322,3822,371
Cashflow From Investing-3.5%-1,728-1,670-1,488-1,103-1,910
Cashflow From Financing-66.1%-988-595-560-581297
  Buy Backs0.9%293291292272264

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

Returns for MKL

Cumulative Returns on MKL

9.6%


10-Year Cumulative Returns

4.6%


7-Year Cumulative Returns

3.2%


5-Year Cumulative Returns

13.1%


3-Year Cumulative Returns

What are the long-term rolling returns for MKL?

FIve years rolling returns for Markel.

Annualized Returns

Which funds bought or sold MKL recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Toroso Investments, LLC
new
-
408,000
408,000
0.01%
2023-05-22
FDx Advisors, Inc.
unchanged
-
-
1,732,000
0.07%
2023-05-22
Raleigh Capital Management Inc.
new
-
3,832
3,832
-%
2023-05-22
AMERIPRISE FINANCIAL INC
added
30.94
1,687,780
7,941,780
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-12.47
-3,615,000
20,266,000
0.03%
2023-05-18
CENTAURUS FINANCIAL, INC.
reduced
-13.84
-656,000
3,332,000
0.27%
2023-05-18
JPMORGAN CHASE & CO
added
17.08
2,186,970
18,381,000
-%
2023-05-17
Advisory Services Network, LLC
unchanged
-
-25,251
804,768
0.02%
2023-05-17
Chevy Chase Trust Holdings, LLC
reduced
-14.34
-116,767
572,280
-%
2023-05-17
CHECK CAPITAL MANAGEMENT INC/CA
added
27.75
16,851,000
87,460,000
3.90%

1–10 of 48

Latest Funds Activity

Are funds buying MKL calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own MKL
No. of Funds

Markel News

The Globe and Mail
Why this money manager favours the oil patch over Silicon Valley.
The Globe and Mail,
12 hours ago
Yahoo Finance

Schedule 13G FIlings of Markel

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

MKL Fair Value

Recent SEC filings of Markel

View All Filings
Date Filed Form Type Document
May 26, 2023
8-K
Current Report
May 25, 2023
4
Insider Trading
May 19, 2023
8-K
Current Report
May 18, 2023
4
Insider Trading
May 18, 2023
4
Insider Trading
May 18, 2023
4
Insider Trading
May 18, 2023
4
Insider Trading
May 18, 2023
4
Insider Trading
May 18, 2023
4
Insider Trading
May 18, 2023
4
Insider Trading

Latest Insider Trading transactions for MKL

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-17
Connell K Bruce
acquired
-
-
122
-
2023-05-17
Housel Morgan E.
acquired
-
-
122
-
2023-05-17
Morrison Harold Lawrence Jr.
acquired
-
-
122
-
2023-05-17
Puckett A. Lynne
acquired
-
-
122
-
2023-05-17
OREILLY MICHAEL
acquired
-
-
122
-
2023-05-17
Besca Mark
acquired
-
-
122
-
2023-05-17
Leopold Diane
acquired
-
-
122
-
2023-05-17
Harris Greta J
acquired
-
-
122
-
2023-05-17
Cunningham Lawrence A
acquired
-
-
122
-
2023-05-16
Noble Jeremy Andrew
acquired
-
-
368
president, insurance

1–10 of 50

Thomas S. Gayner
20300
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.

MKL Income Statement

2023-03-31
Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING REVENUES  
Earned premiums$ 1,967,704$ 1,759,770
Net investment income159,33592,304
Net investment gains (losses)372,563(358,399)
Products revenues577,926481,621
Services and other revenues565,861630,940
Total Operating Revenues3,643,3892,606,236
OPERATING EXPENSES  
Losses and loss adjustment expenses1,173,014972,372
Underwriting, acquisition and insurance expenses675,705590,365
Products expenses515,756447,819
Services and other expenses480,619[1]589,891
Amortization of intangible assets44,399[2]46,049[3]
Total Operating Expenses2,889,4932,646,496
Operating Income (Loss)753,896(40,260)
Interest expense(49,438)(49,692)
Net foreign exchange gains (losses)(32,928)23,004
Income (Loss) Before Income Taxes671,530(66,948)
Income tax (expense) benefit(133,731)18,136
Net Income (Loss)537,799(48,812)
Net income attributable to noncontrolling interests(49,147)(2,929)
Net Income (Loss) to Shareholders488,652(51,741)
Preferred stock dividends00
Net Income (Loss) to Common Shareholders488,652(51,741)
OTHER COMPREHENSIVE INCOME (LOSS)  
Net holding gains (losses) arising during the period161,206(521,200)
Reclassification adjustments for net losses included in net income (loss)2,994437
Change in net unrealized gains (losses) on available-for-sale investments, net of taxes164,200(520,763)
Change in discount rate for life and annuity benefits, net of taxes(9,052)60,693
Change in foreign currency translation adjustments, net of taxes2,579(1,248)
Change in net actuarial pension loss, net of taxes181,132
Total Other Comprehensive Income (Loss)157,745(460,186)
Comprehensive Income (Loss)695,544(508,998)
Comprehensive income attributable to noncontrolling interests(49,179)(2,916)
Comprehensive Income (Loss) to Shareholders$ 646,365$ (511,914)
NET INCOME (LOSS) PER COMMON SHARE  
Basic$ 37.33$ (6.50)
Diluted[4]$ 37.26$ (6.50)
[1]Services and other expenses for Other for the three months ended March 31, 2023 included $44.8 million of favorable loss reserve development on the run-off of reinsurance contracts written by Markel CATCo Re Ltd., all of which was attributable to noncontrolling interests. See Note 11.
[2]Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets attributable to the Company's underwriting segments, included in Other, was $9.6 million for the three months ended March 31, 2023.
[3]Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets attributable to the Company's underwriting segments, included in Other, was $9.8 million for the three months ended March 31, 2022.
[4]The impact of 27 thousand shares from restricted stock units and restricted stock was excluded from the computation of diluted net loss per common share for the three months ended March 31, 2022 because the effect would have been anti-dilutive.

MKL Balance Sheet

2023-03-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets [Abstract]  
Fixed maturity securities, available-for-sale (amortized cost of $13,142,991 in 2023 and $12,805,887 in 2022)$ 12,403,118$ 11,856,835
Equity securities (cost of $3,169,913 in 2023 and $3,100,040 in 2022)8,113,4767,671,912
Short-term investments, available-for-sale (estimated fair value approximates cost)2,487,5012,669,262
Total Investments23,004,09522,198,009
Cash and cash equivalents4,031,9524,137,432
Restricted cash and cash equivalents972,9011,084,081
Receivables3,192,0782,961,056
Reinsurance recoverables8,585,5808,446,745
Deferred policy acquisition costs994,365925,483
Prepaid reinsurance premiums2,162,1172,066,114
Goodwill2,642,8772,638,838
Intangible assets1,706,2061,747,464
Other assets3,650,0903,586,037
Total Assets50,942,26149,791,259
Liabilities and Equity [Abstract]  
Unpaid losses and loss adjustment expenses21,306,79320,947,898
Life and annuity benefits668,848650,721
Unearned premiums6,570,3736,220,748
Payables to insurance and reinsurance companies800,371669,742
Senior long-term debt and other debt (estimated fair value of $3,450,000 in 2023 and $3,541,000 in 2022)3,896,7664,103,629
Other liabilities3,417,9063,461,482
Total Liabilities36,661,05736,054,220
Redeemable noncontrolling interests491,883523,154
Commitments and contingencies
Shareholders' equity:  
Preferred Stock591,891591,891
Common stock3,506,9723,493,893
Retained earnings10,255,4019,832,804
Accumulated other comprehensive loss(609,781)(767,494)
Total Shareholders' Equity13,744,48313,151,094
Noncontrolling interests44,83862,791
Total Equity13,789,32113,213,885
Total Liabilities and Equity$ 50,942,261$ 49,791,259