Markel Earnings: Better Underwriting Results Offset by Equity Losses
Markel continued to show progress in improving its underwriting in the third quarter, but losses on the equity portfolio were a drag on results.
Markel Group Inc MKL
Bulls Say, Bears Say
Bulls
Markel's focus on specialty lines creates the potential for a moat.
Bears
Markel's relatively large exposure to equities makes the company much more vulnerable than peers to a bear market and reduces the upside from higher interest rates.
News
Markel Advances Strategic Focus on Specialty Insurance, Announces Adverse Development Cover Reinsurance Agreement with Enstar on Reinsurance Business
Markel Group reports 2026 third quarter and nine-months results
Markel Group Inc. announces conference call date and time
Markel strengthens Marine & Energy Liability team in London with key appointments
Markel Canada Launches Dedicated Insurance Proposition for Contractors and Trades Businesses
Markel International launches new chemical, oil & gas related energy property offering for small to midsize US-domiciled businesses
Markel International appoints Nick Rugg to Head of Financial Institutions & Fintech - PFR & Cyber, International
Markel International bolsters leadership in new Marine Transportation business with two key appointments
Trading Information
- Previous Close Price
- $1,951.26
- Day Range
- $1,951.42–1,982.87
- 52-Week Range
- $1,704.17–2,207.59
- Bid/Ask
- $1,760.02 / $1,994.18
- Shares Outstanding
- 12.23M
- Market Cap
- $24.15B
- Volume/Avg
- 22 / 67,594
Key Statistics
- Price/Earnings (Normalized)
- 14.05
- Price/Sales
- 1.53
- Dividend Yield (Trailing)
- 0.00%
- Dividend Yield (Forward)
- 0.00%
- Dividend Payment Schedule
- —
- Total Yield
- 3.19%
Company Profile
Markel's primary business is property-casualty insurance. The company focuses primarily on specialty lines, ranging from areas such as executive liability to commercial equine insurance. The company uses capital generated by its insurance operations to buy noninsurance operations in diverse areas, such as bakery equipment manufacturing and residential homebuilding.
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Stock Style Box
- Mid Value
- Total Number of Employees
- 22,900
- Website
- https://www.mklgroup.com
Competitors
Valuation
Metric | MKL | FFH | WRB |
|---|---|---|---|
Price/Earnings (Normalized) | 14.05 | 10.13 | 15.82 |
Price/Book Value | 1.31 | 1.56 | 2.97 |
Price/Sales | 1.53 | 1.58 | 2.04 |
Price/Cash Flow | 12.06 | — | 15.82 |
Price/Earnings
MKL
FFH
WRB
Financial Strength
Metric | MKL | FFH | WRB |
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | 12.41 | 8.16 | 19.45 |
Quick Ratio
No chart available
Profitability
Metric | MKL | FFH | WRB |
|---|---|---|---|
Return on Assets (Normalized) | 2.63% | 4.69% | 4.30% |
Return on Equity (Normalized) | 9.93% | 20.07% | 19.73% |
Return on Invested Capital (Normalized) | 8.56% | 12.70% | 16.04% |
Return on Assets
MKL
FFH
WRB
Insurance - Property & Casualty Industry Comparables
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Chubb Ltd CB | LOCK|NVSTDv | LOCK|Hmj^F | $141B | |||
| Progressive Corp PGR | LOCK|gX^R&G& | LOCK|PYtN@ | $134B | |||
| Tokio Marine Holdings Inc ADR TKOMY | LOCK|>^<z!> | LOCK|LN$ | $104B | |||
| Tokio Marine Holdings Inc TKOMF | — | LOCK|!@ | $104B | |||
| The Travelers Companies Inc TRV | LOCK|gY&x$q | LOCK|><&v | $82B | |||
| Allstate Corp ALL | LOCK|Q$>Dw? | LOCK|h$# | $65B | |||
| PICC Property and Casualty Co Ltd ADR PPCCY | — | LOCK|$#K | $50B | |||
| MS&AD Insurance Group Holdings Inc ADR MSADY | — | LOCK|Ch | $46B | |||
| WR Berkley Corp WRB | LOCK|m$FWmlJd | LOCK|tlyc | $29B |
United States