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MKL

Markel Corporation

MKL

NYSE·Financial Services·Insurance - Property & Casualty·Mkt cap $24.0B

$1,952.06

+1.85%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$1,719.41 - $2,207.59

P/E

14.07

Fwd P/E

17.57

Beta

0.67

Div Yield

0.00%

Avg Vol

74.9K

Shares Out

12.5M

Mkt Cap

$24.0B

Price action

Price chart

Down 2.3% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Diversified revenue streams across insurance, reinsurance, and non-insurance businesses reducing underwriting cycle dependency
  • Specialty insurance expertise in niche markets with higher margins and less competition
  • Global distribution network spanning multiple continents and regulatory jurisdictions
  • Long operating history since 1930 providing stability and deep industry relationships
  • Markel Ventures providing countercyclical earnings during soft insurance markets

Bear Case

2 risks

  • Low volatility (beta 0.7).
  • Premium valuation to Property & Casualty Insurance peers

Growth

Mild headwinds expected

Expansion of specialty insurance products in underserved market segments

Value

Premium valuation to Property & Casualty Insurance peers

Momentum

Stable

+0.9% over 3m

Quality

Excellent

Excellent business quality

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 29, 2026

Q2 26 RECAP

APR 28, 2026

Reported EPS of -$18.90 vs $26.38 consensus (-171.7% surprise). Revenue of $2.8B vs $3.7B expected (-22.9%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-171.7%

Next: Apr 29, 2026

Revenue trend · last 8Q

-12%

-27%

+19%

-2%

+6%

+7%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$3.7B

$4.4B

$4.0B

$3.3B

$4.4B

$4.4B

$4.2B

$3.6B

Margins · last 8Q

Gross

67.1%

Operating

-7.7%

Profit

-6.0%

Wall Street consensus

1 analyst · 0% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

0%

Hold

1

100%

Sell

0%

Median Price Target

$1,950.00

-0.1% vs $1,952.06

Low $1,950.00
Median $1,950.00
High $1,950.00

Latest: Truist · $1,950.00 · Apr 30, 2026

1 analyst covering

vs Industry

How MKL stacks vs Insurance - Property & Casualty

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.