Skip to Content

Markel Corp MKL

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Favorable Market Conditions Lead to Strong Second Quarter for Markel

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

Markel delivered a strong second quarter, as better insurance market pricing buoyed its underwriting results and the ongoing bull equity market propelled its investment results. As a result of these favorable trends, book value per share is up 10% from year-end. We will maintain our $1,096 fair value estimate and no-moat rating.

Read Full Analysis

Company Profile

Business Description

Markel's primary business is property and casualty insurance, and the company focuses primarily on specialty lines, ranging from areas such as executive liability to commercial equine insurance. The acquisition of Alterra in 2013 added substantial reinsurance operations, which now account for a little over 20% of premiums. The company uses capital generated by its insurance operations to buy noninsurance operations in diverse areas, such as bakery equipment manufacturing and residential homebuilding.

Contact
4521 Highwoods Parkway
Glen Allen, VA, 23060-6148
T +1 804 747-0136
Sector Financial Services
Industry Insurance - Property & Casualty
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Aggressive Growth
Employees 18,900

Related