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Markel Corp (MKL.N)

MKL.N on New York Stock Exchange

1,069.00USD
17 Nov 2017
Change (% chg)

$3.88 (+0.36%)
Prev Close
$1,065.12
Open
$1,064.62
Day's High
$1,072.70
Day's Low
$1,060.70
Volume
12,379
Avg. Vol
8,313
52-wk High
$1,104.58
52-wk Low
$870.07

Latest Key Developments (Source: Significant Developments)

Markel announces CFO succession plan
Thursday, 16 Nov 2017 04:30pm EST 

Nov 16 (Reuters) - Markel Corp :Markel announces CFO succession plan.Markel Corp - ‍Anne Waleski plans to transition from her role as CFO of company by end of Q1 of 2019​.Markel corp - ‍Anne Waleski will be succeeded by Jeremy Noble​.  Full Article

Markel reports Q3 loss per share $18.82
Wednesday, 25 Oct 2017 04:46pm EDT 

Oct 25 (Reuters) - Markel Corp :Markel reports third quarter and nine-months results.Q3 loss per share $18.82.Q3 earnings per share view $-16.17 -- Thomson Reuters I/B/E/S.  Full Article

Markel estimates third quarter catastrophe losses
Wednesday, 11 Oct 2017 04:45pm EDT 

Oct 11 (Reuters) - Markel Corp :Markel estimates third quarter catastrophe losses.Markel-‍Expects Q3 pre-tax underwriting losses of $503 million, net of reinstatement premiums, from hurricanes Harvey, Irma & Maria & Mexico earthquakes​.  Full Article

Markel Q2 earnings per share $10.31
Wednesday, 26 Jul 2017 05:00pm EDT 

July 26 (Reuters) - Markel Corp :Markel reports second quarter and six-months results.Q2 earnings per share $10.31.Q2 earnings per share view $6.57 -- Thomson Reuters I/B/E/S.Reported book value per common share outstanding of $643.37 at june 30, 2017, up 6% from $606.30 at december 31, 2016.  Full Article

Markel signs agreement to acquire majority interest in Costa Farms and its related operating companies
Wednesday, 26 Jul 2017 04:35pm EDT 

July 26 (Reuters) - Markel Corp ::Markel Corp - entered into a definitive agreement for markel to acquire a majority interest in Costa Farms and its related operating companies.  Full Article

State National Cos to pay termination fee of about $13.8 million to Markel if Markel, co terminates merger deal
Wednesday, 26 Jul 2017 09:05am EDT 

July 26 (Reuters) - Markel Corp ::State National Cos-to pay termination fee of about $13.8 million to markel if Markel, co terminates merger deal due to stockholder approval not being obtained.State National - State National to pay a termination fee of about $27.6 million if Markel terminates due to recommendation change made by board ‍​.  Full Article

Markel to acquire State National for about $919 million​
Wednesday, 26 Jul 2017 08:10am EDT 

July 26 (Reuters) - State National Companies Inc :Markel to acquire State National.State National Companies Inc - ‍transaction has a total value of approximately $919 million​.State National Companies Inc - deal for ‍$21.00 per share in cash​.State National Companies Inc says upon completion of transaction, state national will operate as a separate business unit.State National Companies Inc - agreement, has been unanimously approved by both companies' board of directors.State national companies inc says transaction is not subject to any financing condition.State National Companies Inc says Markel plans to finance transaction using cash balances on hand.State National Companies - ‍management team, led by Terry Ledbetter, State National's current chairman, CEO will remain in place.  Full Article

Markel reports Q1 earnings per share $3.90
Wednesday, 26 Apr 2017 04:40pm EDT 

April 26 (Reuters) - Markel Corp -:Markel reports first quarter 2017 results.Q1 earnings per share $3.90.Markel Corp - book value per common share outstanding of $620.30 at march 31, 2017, up 2% from $606.30 at december 31, 2016.Markel Corp - comprehensive income to shareholders was $223.2 million for q1 of 2017 compared to $397.0 million for q1 of 2016.Markel Corp - combined ratio was 100% for q1 of 2017 compared to 88% for q1 of 2016.Q1 earnings per share view $4.50 -- Thomson Reuters I/B/E/S.  Full Article

Markel acquires Allsport
Thursday, 6 Apr 2017 10:33am EDT 

Markel Corp : Markel acquires Allsport .Markel Canada has acquired 50% of Allsport Insurance Marketing Ltd that it did not already own.  Full Article

Markel estimates Ogden rate change impact
Wednesday, 8 Mar 2017 04:32pm EST 

Markel Corp : Markel Corp says during q1 of 2017, it expects to increase prior years' loss reserves for its run-off book of uk motor exposures . Markel Corp says based upon information currently available, company has estimated that reserve increase will be $85 million on a pre-tax basis . On February 27, 2017, UK ministry of justice announced that Ogden rate will decrease from plus 2.5% to minus 0.75% . Markel -effect of rate change is most impactful to its exposure to uk auto casualty claims through reinsurance contracts written on 2014 and prior years of account .New odgen rate is expected to take effect march 20, 2017.  Full Article

BRIEF-Markel announces CFO succession plan

* Markel Corp - ‍Anne Waleski plans to transition from her role as CFO of company by end of Q1 of 2019​