NYSE · Financials

Markel Corp MKL

Markel Group Inc. engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific. It operates through Markel Insurance, Industrial, Financial, and Consumer and Other segments.

Insurance / Holding Company

Company profile

Business mix

  • It operates through Markel Insurance, Industrial, Financial, and Consumer and Other segments.
  • It also distributes exterior building products, such as siding, windows, doors, roofing, and gutters.
  • In addition, the company offers structural and architectural precast concrete; ornamental plants; industrial bakery equipment; over-the-road car-hauling equipment.
  • Further, it provides fire protection, life safety, and low-voltage solutions; heavy lift crawler cranes; erosion control and stormwater management; gas containment and transportation equipment; wall panel systems and dorm room furniture.

Current key questions

  • Can asset growth, client flows, fee rates, credit quality, or spread income support durable earnings in insurance - property & casualty?
  • How sensitive are margins and returns to interest rates, market levels, funding costs, and regulation?
  • Do capital allocation, risk controls, and balance-sheet quality improve long-term per-share value?
Holders 4 Current sample portfolio
Public mentions 5 Videos / interviews / letters
Valuation snapshot
PE 13.12 FCF 9.61% Buyback 2.81%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Davis Advisors Chris Davis 3.4% $734.0M 2026-03-31
Baillie Gifford legacy James Anderson 0.3% $335.1M 2026-03-31
Giverny Capital Francois Rochon 3.0% $82.2M 2026-03-31
Gardner Russo & Quinn Thomas Russo 0.1% $9.5M 2026-03-31

Recent trading changes over the last 4 quarters

Net buyers 1 Last 4 13F filing periods
Net reducers 3 Last 4 13F filing periods
Unchanged holders 0 Share count unchanged
Increase amount $22.9M Estimated from net added shares
Reduction amount $75.0M Estimated from net reduced shares
Net share change / base shares -4.3% -27,232 / 633,631
Giverny Capital Francois Rochon 4 filing periods
13F 2025-06-30 Filed 2025-08-13
Minor increase Shares 0.7% 13F value change +$6.1M
13F 2025-09-30 Filed 2025-11-14
Minor increase Shares 0.3% 13F value change -$3.5M
13F 2025-12-31 Filed 2026-02-13
Minor increase Shares 0.3% 13F value change +$10.8M
13F 2026-03-31 Filed 2026-05-15
Minor reduction Shares -2.4% 13F value change -$12.3M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 43,402 Last 4 periods -458 (-1.1%) Total shares 42,944 Value $82.2M
Gardner Russo & Quinn Thomas Russo 4 filing periods
13F 2025-06-30 Filed 2025-08-13
Minor reduction Shares -1.6% 13F value change +$791,610
13F 2025-09-30 Filed 2025-11-12
Minor reduction Shares -6.0% 13F value change -$1.6M
13F 2025-12-31 Filed 2026-02-12
Major reduction Shares -18.0% 13F value change -$1.1M
13F 2026-03-31 Filed 2026-05-13
Major reduction Shares -21.1% 13F value change -$4.0M
Settlement As of 13F 2026-03-31 · Filed 2026-05-13
Base shares 8,276 Last 4 periods -3,322 (-40.1%) Total shares 4,954 Value $9.5M
Baillie Gifford legacy James Anderson 4 filing periods
13F 2025-06-30 Filed 2025-08-06
Minor reduction Shares -4.2% 13F value change +$9.2M
13F 2025-09-30 Filed 2025-10-31
Minor reduction Shares -2.3% 13F value change -$26.4M
13F 2025-12-31 Filed 2026-01-23
Minor reduction Shares -4.3% 13F value change +$28.8M
13F 2026-03-31 Filed 2026-05-08
Minor reduction Shares -7.1% 13F value change -$70.0M
Settlement As of 13F 2026-03-31 · Filed 2026-05-08
Base shares 210,484 Last 4 periods -35,416 (-16.8%) Total shares 175,068 Value $335.1M
Davis Advisors Chris Davis 4 filing periods
13F 2025-06-30 Filed 2025-08-08
Minor reduction Shares -0.1% 13F value change +$46.8M
13F 2025-09-30 Filed 2025-11-12
Minor increase Shares 0.6% 13F value change -$27.3M
13F 2025-12-31 Filed 2026-02-02
Minor increase Shares 11.1% 13F value change +$178.5M
13F 2026-03-31 Filed 2026-05-07
Minor reduction Shares -7.6% 13F value change -$158.5M
Settlement As of 13F 2026-03-31 · Filed 2026-05-07
Base shares 371,469 Last 4 periods +11,964 (+3.2%) Total shares 383,433 Value $734.0M

Recent mentions

Markel Shareholder Letter 2025

Markel Group · Tom Gayner

Tom Gayner's 2025 Markel shareholder letter focuses on "Home", reviewing Markel Insurance, Markel Ventures, investment portfolios, intrinsic value growth and long-term compound interest culture.

Shareholder letter / fund letter

Markel Shareholder Letter 2024

Markel Group · Tom Gayner

2024 Markel shareholder letter reviews insurance underwriting, investment income, Markel Ventures and capital allocation, continuing to track shareholder value creation with multi-year tables.

Shareholder letter / fund letter

Markel Shareholder Letter 2023

Markel Group · Tom Gayner

The 2023 Markel shareholder letter is in the post-Gayner era and focuses on explaining the company's structure, culture, three engines and long-term capital compounding.

Shareholder letter / fund letter

Markel Shareholder Letter 2022

Markel Group · Tom Gayner

The 2022 Markel shareholder letter discusses high inflation, high interest rates, insurance cycles, portfolio volatility and long-term operating systems and is material for understanding Markel's capital allocation in stressed environments.

Shareholder letter / fund letter

Markel Shareholder Letter 2021

Markel Group · Tom Gayner

The 2021 Markel shareholder letter reviews post-pandemic recovery, insurance and Ventures operations, investment portfolios and long-term compounding, and is Markel's benchmark material in subsequent years.

Shareholder letter / fund letter

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