About Markel Corporation
Markel Corporation is a company based in Glen Allen (United States) founded in 1930 was acquired by Berkshire Hathaway in May 2022.. The company has 22,000 employees as of December 31, 2024. Markel Corporation has completed 7 acquisitions, including Buckner, Lansing Building Products and Mdt Versicherung. Markel Corporation offers products and services including Workers Compensation, Marine Insurance, Business Owners Policy, and Excess Casualty. Markel Corporation operates in a competitive market with competitors including State Farm, HUB International, Assurant, Prudential and Voya Financial, among others.
- Headquarter Glen Allen, United States
- Employees 22000 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Markel Group Inc.
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Annual Revenue
$16.62 B5.28as on Dec 31, 2024
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Net Profit
$2.64 B31.62as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$13.75 K (USD), Grant
Jan 01, 2021
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Investors
Berkshire Hathaway
& 1 more
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Employee Count
22000
as on Dec 31, 2024
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Investments & Acquisitions
Buckner
& 6 more
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Acquired by
Berkshire Hathaway
(May 17, 2022)
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IPO & Listings of Markel Corporation
Markel Corporation is a publicly listed company on the NYSE with ticker symbol MKL in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Markel Corporation
Markel Corporation offers a comprehensive portfolio of products and services, including Workers Compensation, Marine Insurance, Business Owners Policy, and Excess Casualty. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides coverage for workplace injuries and related claims.
Offers protection for boats, ships, and related marine risks.
Delivers liability and property coverage for small businesses.
Handles additional coverage for high-risk liability scenarios.
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Software Development Team
40 people
Leadership Team
17 people
Board Team
14 people
Senior Team
10 people
Finance and Accounting
7 people
Human Resources and Administration
7 people
Legal and Compliance
5 people
Operations Team
3 people
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Funding Insights of Markel Corporation
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $13,753
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First Round
First Round
(01 Jan 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2021 | Amount | Grant - Markel Corporation | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Markel Corporation
Markel Corporation has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Berkshire Hathaway and UK Research and Innovation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Research and innovation funding is managed for UK advancement.
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Founded Year | Domain | Location | |
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Provider of multinational conglomerate services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Markel Corporation
Markel Corporation has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Buckner, Lansing Building Products and Mdt Versicherung. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Slope matting, silt fencing, management, and land services are provided.
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2022 | ||||
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Diversified conglomerates operates across multiple industries
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1974 | ||||
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Fire protection services are delivered nationwide since 1958.
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1958 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Markel Corporation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Markel Corporation Comparisons
Competitors of Markel Corporation
Markel Corporation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as State Farm, HUB International, Assurant, Prudential and Voya Financial, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance and financial services are provided to individuals and businesses.
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| domain | founded_year | HQ Location |
Investment advisory, insurance distribution, and risk management services are provided.
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| domain | founded_year | HQ Location |
Homeowner, rental, vehicle, flood, and travel insurance services are provided.
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| domain | founded_year | HQ Location |
Life, health, and financial insurance services are provided globally.
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| domain | founded_year | HQ Location |
Provider of pension fund for the employees based out of the US
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| domain | founded_year | HQ Location |
Life insurance and diversified asset management services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Markel Corporation
Frequently Asked Questions about Markel Corporation
When was Markel Corporation founded?
Markel Corporation was founded in 1930 and raised its 1st funding round 91 years after it was founded.
Where is Markel Corporation located?
Markel Corporation is headquartered in Glen Allen, United States. It is registered at Glen Allen, Virginia, United States.
How many employees does Markel Corporation have?
As of Dec 31, 2024, the latest employee count at Markel Corporation is 22,000.
What is the annual revenue of Markel Corporation?
Annual revenue of Markel Corporation is $16.62B as on Dec 31, 2024.
What does Markel Corporation do?
Markel Corporation was founded in 1930 and is based in Glen Allen, United States. Operations are conducted in the insurance sector, where a range of insurance and reinsurance products are managed through a holding company structure. Services encompass specialty insurance lines and related financial protections, with activities centered in the United States. The focus remains on underwriting and risk management for diverse policyholders.
Who are the top competitors of Markel Corporation?
Markel Corporation's top competitors include HUB International, Unum and Assurant.
What products or services does Markel Corporation offer?
Markel Corporation offers Workers Compensation, Marine Insurance, Business Owners Policy, and Excess Casualty.
Is Markel Corporation publicly traded?
Yes, Markel Corporation is publicly traded on NYSE under the ticker symbol MKL.
How many acquisitions has Markel Corporation made?
Markel Corporation has made 7 acquisitions, including Buckner, Lansing Building Products, and Mdt Versicherung.
Who are Markel Corporation's investors?
Markel Corporation has 2 investors. Key investors include Berkshire Hathaway, and UK Research and Innovation.
What is Markel Corporation's ticker symbol?
The ticker symbol of Markel Corporation is MKL on NYSE.