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MKL

1343.77USD-0.83(-0.06%)Market Closed

Markel Corp

Market Summary

USD1343.77-0.83Market Closed
-0.06%

MKL Alerts

MKL Stock Price

RSI Chart

Valuation

Market Cap

16.3B

Price/Earnings

180.58

Price/Sales

1.5

Price/Cashflow

6.82

MarketCap/EBT

84.27

Price/Sales

Profitability

EBT Margin

1.78%

Return on Equity

0.71%

Return on Assets

0.19%

Fundamentals

Revenue

Revenue (TTM)

11.2B

Revenue Y/Y

14.1%

Revenue Q/Q

71.08%

Earnings

Earnings (TTM)

-32.7M

Earnings Y/Y

-65.24%

Earnings Q/Q

107.13%

Price Action

52 Week Range

1064.091519.25
(Low)(High)

Last 7 days

3.0%

Last 30 days

11.3%

Last 90 days

13.8%

Trailing 12 Months

9.9%

Financial Health

Debt/Equity

0.35

Debt/Cashflow

0.53

Investor Care

Buy Backs (1Y)

1.59%

Diluted EPS (TTM)

-9.96

Peers (Alternatives to Markel)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
75.8B
49.3B
3.74% 40.21%
88.97
1.57
5.65% -78.95%
43.2B
57.2B
9.55% 18.35%
3.4
0.76
26.96% 201.88%
42.6B
36.3B
3.97% 29.03%
12.71
1.18
6.01% -7.78%
34.2B
50.8B
6.09% 20.91%
35.26
0.68
4.61% -107.01%
23.3B
22.2B
4.79% 14.32%
11.93
1.05
1.19% -10.03%
12.7B
11.8B
4.13% 29.32%
16.3
1.08
5.22% -41.47%
12.2B
6.9B
2.20% 16.52%
11.87
1.84
-7.39% -58.10%
11.4B
11.7B
0.57% 29.95%
32.11
0.97
8.99% -61.35%
MID-CAP
6.8B
6.1B
16.50% 15.76%
-7.36
1.15
9.56% -1967.02%
3.5B
789.0M
11.68% -5.74%
-4.09
4.2
-80.45% -142.39%
2.2B
298.6M
-27.74% -14.00%
46.77
7.21
53.72% 302.27%
SMALL-CAP
1.6B
1.4B
-3.70% 2.77%
27.25
1.18
1.22% -62.42%
1.2B
1.1B
-8.11% -14.68%
30.02
1.01
8.08% -85.91%
935.9M
795.3M
1.84% -4.37%
-12.94
1.19
4.68% 58.15%

Financials for Markel

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue3.5%11,22310,84412,55212,84612,444
Earnings Before Taxes-53.7%891932,3363,1323,006
Net Income-136.3%-32.70901,7982,4252,401
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets1.0%48,42147,94748,98548,47746,696
    Cash Equivalents29.7%4,7963,6993,8913,9783,939
  Goodwill1.0%2,7972,7702,7742,8992,695
Liabilities2.5%35,55034,68434,39833,27632,424
  Long Term Debt-8.2%4,1314,5024,4294,361-
Shareholder's Equity-3.6%12,29412,75614,10114,71714,017
  Retained Earnings-0.4%9,2569,29010,27810,4479,650
Minority Interest482.4%651162323
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations6.3%2,5322,3822,3712,2742,098
Cashflow From Investing-34.9%-1,488.64-1,103.82-1,910.19-2,937.80-3,266.73
Cashflow From Financing3.5%-560.67-581.22297370398
  Buy Backs7.4%292272264207125

Risks

What is the probability of a big loss on MKL?

41.9%


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.

Returns

Cumulative Returns on MKL

10.8%


10-Year Cumulative Returns

5.6%


7-Year Cumulative Returns

3.9%


5-Year Cumulative Returns

6.7%


3-Year Cumulative Returns

What are the long-term rolling returns for MKL?

FIve years rolling returns for Markel.

Which funds bought or sold MKL recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
6,317,000
6,317,000
0.07%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.27
-5,035,000
24,199,000
0.04%
2022-11-18
National Pension Service
ADDED
2.38
-3,375,000
22,979,000
0.05%
2022-11-17
M&T Bank Corp
REDUCED
-9.65
-1,455,000
4,613,000
0.02%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
ADDED
13.94
-441,000
9,421,000
0.06%
2022-11-16
GLENMEDE TRUST CO NA
ADDED
2
-140,000
829,000
-%
2022-11-15
HORIZON KINETICS ASSET MANAGEMENT LLC
ADDED
0.14
-579,000
3,027,000
0.06%
2022-11-15
ALLIANCEBERNSTEIN L.P.
REDUCED
-42.98
-7,501,000
6,871,000
-%
2022-11-15
Verdence Capital Advisors LLC
REDUCED
-10.99
-204,000
597,000
0.08%
2022-11-15
AVENIR CORP
ADDED
0.85
-16,390,000
89,716,000
9.51%

1–10 of 47

Latest Funds Activity

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

Markel News

Yahoo Finance

5 Relative Price Strength Stocks That Are Good Investments.26 hours ago

MKL Fair Value

Recent SEC filings of Markel

View All Filings
Date Filed Form Type Document
Nov 18, 2022
8-K
Current Report
Nov 17, 2022
4
Insider Trading
Nov 14, 2022
4
Insider Trading
Nov 09, 2022
4
Insider Trading
Nov 04, 2022
13F-HR
Fund Holdings Report
Nov 01, 2022
10-Q
Quarterly Report
Oct 21, 2022
4
Insider Trading
Aug 24, 2022
4
Insider Trading

Latest Insider Trading transactions for MKL

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-15
Davies Susan L.
ACQUIRED
1,999.97
1,132.23
1.7664
CHRO, Markel Insurance
2022-11-10
MARKEL ANTHONY F
SOLD
-137,845
1,253.14
-110
-
2022-11-08
GAYNER THOMAS SINNICKSON
BOUGHT
61,530
1,230.6
50
Co-Chief Executive Officer
2022-10-14
Davies Susan L.
ACQUIRED
1,173.99
1,020.24
1.1507
CHRO, Markel Insurance
2022-08-23
Puckett A. Lynne
BOUGHT
100,750
1,213.86
83
-
2022-08-04
Puckett A. Lynne
BOUGHT
57,433.8
1,196.54
48
-
2022-08-04
Puckett A. Lynne
BOUGHT
43,063.9
1,196.22
36
-
2022-08-04
GAYNER THOMAS SINNICKSON
BOUGHT
60,123
1,202.46
50
Co-Chief Executive Officer
2022-05-13
Besca Mark
ACQUIRED
110,000
1,192.91
92.2119
-
2022-05-13
Morrison Harold Lawrence Jr.
ACQUIRED
55,000
1,192.91
46.1059
-

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

2022-09-30
Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING REVENUES    
Earned premiums$ 1,956,830$ 1,630,500$ 5,549,704$ 4,696,232
Net investment income107,73191,264274,123284,095
Net investment gains (losses)(281,483)(25,833)(2,194,525)1,175,791
Products revenues586,531405,7111,845,1111,327,144
Services and other revenues696,536585,7121,990,1751,605,058
Total Operating Revenues3,066,1452,687,3547,464,5889,088,320
OPERATING EXPENSES    
Losses and loss adjustment expenses1,185,313948,2413,216,4952,643,114
Underwriting, acquisition and insurance expenses643,272569,7561,843,1061,644,863
Products expenses580,830374,4071,726,3671,173,135
Services and other expenses540,569[1]513,9941,692,203[2]1,442,342
Amortization of intangible assets43,418[3]39,268[4]134,990[5]118,550[6]
Total Operating Expenses2,993,4022,445,6668,613,1617,022,004
Operating Income (Loss)72,743241,688(1,148,573)2,066,316
Interest expense(47,348)(46,455)(147,090)(135,412)
Net foreign exchange gains115,13048,850245,35661,677
Income (Loss) Before Income Taxes140,525244,083(1,050,307)1,992,581
Income tax (expense) benefit(17,995)(54,415)239,536(419,898)
Net Income (Loss)122,530189,668(810,771)1,572,683
Net income attributable to noncontrolling interests(57,161)(1,598)(93,062)(18,809)
Net Income (Loss) to Shareholders65,369188,070(903,833)1,553,874
Preferred stock dividends00(18,000)(18,000)
Net Income (Loss) to Common Shareholders65,369188,070(921,833)1,535,874
OTHER COMPREHENSIVE LOSS    
Net holding losses arising during the period(424,929)(104,238)(1,263,839)(262,679)
Reclassification adjustments for net gains (losses) included in net income (loss)5912242,289(3,807)
Change in net unrealized gains (losses) on available-for-sale investments, net of taxes(424,338)(104,014)(1,261,550)(266,486)
Change in foreign currency translation adjustments, net of taxes(8,872)(4,437)(14,395)(330)
Change in net actuarial pension loss, net of taxes3035861,8081,832
Total Other Comprehensive Loss(432,907)(107,865)(1,274,137)(264,984)
Comprehensive Income (Loss)(310,377)81,803(2,084,908)1,307,699
Comprehensive income attributable to noncontrolling interests(57,051)(1,567)(92,996)(18,812)
Comprehensive Income (Loss) to Shareholders$ (367,428)$ 80,236$ (2,177,904)$ 1,288,887
NET INCOME (LOSS) PER COMMON SHARE    
Basic$ 3.51$ 15.12$ (72.31)$ 114.39
Diluted[7]$ 3.50$ 15.09$ (72.31)$ 114.20
[1]Services and other expenses for Other for the quarter ended September 30, 2022 included $53.4 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]Services and other expenses for Other for the nine months ended September 30, 2022 included $81.6 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.
[3]Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets is not allocated to the Company's Insurance and Reinsurance segments.
[4]Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets is not allocated to the Company's Insurance and Reinsurance segments.
[5]Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets is not allocated to the Company's Insurance and Reinsurance segments.
[6]Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets is not allocated to the Company's Insurance and Reinsurance segments.
[7]The impact of 28 thousand shares from restricted stock units and restricted stock was excluded from the computation of diluted net loss per common share for the nine months ended September 30, 2022 because the effect would have been anti-dilutive.

MKL Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets [Abstract]  
Fixed maturity securities, available-for-sale (amortized cost of $12,845,579 in 2022 and $12,061,467 in 2021)$ 11,726,357$ 12,587,305
Equity securities (cost of $3,005,729 in 2022 and $2,867,899 in 2021)6,950,3579,023,927
Short-term investments, available-for-sale (estimated fair value approximates cost)2,424,8441,799,988
Total Investments21,101,55823,411,220
Cash and cash equivalents3,540,6903,978,490
Restricted cash and cash equivalents1,255,178902,457
Receivables2,956,6862,413,938
Reinsurance recoverables8,258,4997,293,555
Deferred policy acquisition costs946,064794,145
Prepaid reinsurance premiums2,285,9591,798,571
Goodwill2,797,4262,899,140
Intangible assets1,686,2121,822,486
Other assets3,593,0833,163,094
Total Assets48,421,35548,477,096
Liabilities and Equity [Abstract]  
Unpaid losses and loss adjustment expenses20,194,37418,178,894
Life and annuity benefits733,489902,980
Unearned premiums6,514,9805,383,619
Payables to insurance and reinsurance companies685,294616,665
Senior long-term debt and other debt (estimated fair value of $3,520,000 in 2022 and $5,017,000 in 2021)4,131,1654,361,266
Other liabilities3,290,2913,832,084
Total Liabilities35,549,59333,275,508
Redeemable noncontrolling interests513,043461,378
Commitments and contingencies
Shareholders' equity:  
Preferred Stock591,891591,891
Common stock3,482,8283,441,079
Retained earnings9,255,65810,446,763
Accumulated other comprehensive income (loss)(1,036,454)237,617
Total Shareholders' Equity12,293,92314,717,350
Noncontrolling interests64,79622,860
Total Equity12,358,71914,740,210
Total Liabilities and Equity$ 48,421,355$ 48,477,096