MKL changes
Pick any two versions below to diff them.
- Price
- $1869.82 → $1973.38(+5.5%)
- Recent events
- Oct 28, 2026: Markel reported Q3 2026 results in its quarterly report. Adjusted operating income rose 14% to $707 million from $621 million. Markel Insurance's adjusted operating income was $421 million, and its combined ratio improved to 92% from 93%, with $74.6 million of losses from the Middle East conflict and $54.3 million of underwriting losses in the Global Reinsurance run-off. Adjusted operating income rose 29% to $131 million in the Industrial segment and 30% to $80 million in the Financial segment. Net investment losses were $281 million, so net income to common shareholders fell to $259 million from $751 million. Markel bought back $315 million of shares in Q3. Oct 28, 2026: Markel Insurance agreed to an adverse development cover with Enstar on $4.8 billion of reserves of its run-off Global Reinsurance business and other exited lines from underwriting years 2025 and before. Markel keeps the first $2.6 billion of losses, Enstar takes the next $2.3 billion, and Markel gets $1.2 billion of cover above the $4.8 billion. Markel pays a added: reinsurance premium of removed: $120 million added: $2.4 billion, which it settles with a transfer of assets at closing, and added: Enstar's risk premium in it is $120 million. Markel keeps control of the claims. The deal needs regulatory approval and should close by the end of Q4 2026. Markel expects no material effect on Q4 underwriting results. Sep 8, 2026: Markel said that Steve Markel will retire as Chairman and will not stand for re-election at the 2027 annual meeting. CEO Tom Gayner also became Chairman. Simon Wilson, CEO of Markel Insurance, and Andrew Crowley, President of Markel Ventures, became Co-Presidents. The Board also set up a Leadership Council of the Chairman, the Lead Independent Director and the Co-Presidents. Jul 29, 2026: Markel reported Q2 2026 results. Net income to common shareholders was $1.17 billion, mostly from investment gains of $1.17 billion. Adjusted operating income fell to $436 million from $578 million. Markel Insurance's adjusted operating income rose 40% to $376 million and its combined ratio improved to 93% from 97%, with $41.0 million of losses from the Middle East conflict. The Financial segment had an adjusted operating loss of $149 million after a $205.3 million provision for credit losses at State National. Jul 29, 2026: Markel said that the State National provision relates to reinsurance amounts due from a capacity provider that is in bankruptcy. Markel does not expect to get more collateral from this provider, and it continues to look for other ways to recover the amounts. Feb 23, 2026: Markel changed its leadership. Simon Wilson became Executive Vice President and CEO of Markel Insurance, and Andrew Crowley became Executive Vice President and President of Markel Ventures. Michael Heaton, Chief Operating Officer, left the company. Feb 4, 2026: Markel reported 2025 results. Operating revenues rose 5% to $15.5 billion, and adjusted operating income rose 10% to $2.3 billion. Markel Insurance's combined ratio improved by one point to 95%. Share repurchases were $429.5 million, and shares outstanding fell to 12.6 million.