Financial Summary


Markel Corporation

Markel Corporation (MKL)

$1069.41
-24.27 (-2.22%)
Buy
A
Market Info
Financial Info
Financial Modelling
Symbol MKL
Price 1,069.41$
Beta 0.73
Volume Avrg. 0.06M
Market Cap 14.73B
Shares (2019) 13,941.75K
Last Div 0
Dividend Yield -
DCF Unlevered 10,913.13 Strong Buy
DCF Levered 3,978.02 Strong Buy
ROE 16.17% Buy
ROA 4.78% Neutral
Operating Margin 26.01% Strong Buy
Debt / Equity 238.49% Strong Buy
P/E 9.10 Strong Buy
P/B 1.47 Strong Buy

Income Statement

Quarter data

Balance Sheet Statement

Quarter data
Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Short-term debt -----------
Other Assets ---------324.81469.19
Total current liabilities --992.361,105.672,506.812,559.412,454.532,541.573,684.384,032.05139.07
Cash and cash equivalents 7.858.22775.03973.181,978.531,960.172,630.011,738.752,198.462,014.17256.76
Long-term debt 0.961.021,185.841,388.031,633.871,635.171,634.471,944.172,537.33684.10929.24
Cash and short-term investments 7.858.228,728.159,332.7512,121.0618,115.4817,741.2118,712.2520,267.9518,856.00256.76
Total debt 964.641,016.991,185.841,388.031,633.871,635.171,634.471,944.172,537.333,693.684,463.43
Inventories ---------298.73303.05
Deferred revenue --915.931,000.262,127.112,245.692,166.112,263.843,308.783,611.03-
Goodwill and Intangible Assets 502.83645.90867.561,049.221,532.801,751.861,960.221,864.793,133.143,964.171,079.90
Total non-current liabilities 0.961.021,596.581,556.931,674.321,945.721,810.662,274.663,042.91446.05929.24
Total non-current assets 502.8310,825.592,752.163,210.8611,829.037,076.287,193.897,152.9312,505.1314,397.131,521.83
Total liabilities 7,450.187,654.078,144.598,667.9317,281.9317,605.5417,107.1217,414.3723,300.8724,225.611,435.65
Total assets 10.2410,825.5911,532.1012,556.5923,955.5125,200.3624,941.2725,875.3032,805.0233,306.262,550.84
Other comprehensive income -----------
Short-term investments --7,953.118,359.5610,142.5416,155.3115,111.2016,973.5018,069.4916,841.83-
Property, Plant & Equipment Net --244.85330.23347.91421.39430.83412.40501.62551.54441.93
Net Debt 956.791,008.76410.81414.85-344.65-325.00-995.54205.42338.87-2,014.174,206.67
Investments --7,953.118,359.5610,142.5416,155.3115,111.2016,973.5018,069.4916,841.83-
Total shareholders equity 2,774.363,171.523,387.513,888.666,673.587,594.827,834.158,460.939,504.159,080.6511,070.87
Retained earnings (deficit) 1,514.401,735.971,835.092,068.342,294.912,581.873,137.283,526.393,776.745,782.317,457.18
Long-term investments -----------
Receivables --51.8012.985.428.606.1710.1231.9453.14-
Payables --64.33103.21295.50276.12224.92231.33324.30337.33139.07
Total current assets 7.858.228,779.949,345.7312,126.4818,124.0817,747.3818,722.3720,299.8918,909.14559.81

Cash Flow Statement

Quarter data
Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Operating Cash Flow 282.46223.29311.32392.53745.52716.79651.15534.62858.53892.861,274.12
Free Cash Flow 260.56181.19251.19347.01697.80634.66571.40470.95783.88786.261,150.74
Capital Expenditure 21.9142.1060.1345.5247.7382.1379.7563.6774.65106.59123.38
Depreciation & Amortization 31.1753.5970.5787.33190.07203.58200.99194.15203.87227.85269.24
Acquisitions and disposals -154.92-214.16-120.10-243.68-12.20-319.09-261.52-7.53-1,431.71-1,175.21-245.33
Deferred income taxes 9.14-7.18-5.65-37.65-4.05-84.549.68-63.36324.09-2.73-323.38
Investment purchases -726.95-957.19-42.91-16.87-57.39-26.05-31.49-51.14-110.84-1,599.92-955.97
Accounts payables -----------
Sales/Maturities of investments 205.56340.55343.50510.701,475.941,420.821,503.62963.161,129.89551.81353.92
Change in working capital 39.73-90.8497.9184.61262.96270.17-149.16-56.61-70.19798.09-471.20
Debt repayment -255.29-30.02-90.56-313.79-321.98-83.72-88.02-278.36-259.97-289.20-1,103.67
Other non-cash items -----------
Investing Cash Flow -333.71-105.23-474.31-339.49193.87-622.21125.77-1,545.11-744.46-797.24-535.16
Cash at beginning of period 640.38105.23745.26775.03863.771,978.531,960.172,630.012,085.162,500.852,396.43
Stock-based compensation ----12.703.900.50----
Net cash flow / Change in cash 210.12-105.2329.77198.151,114.76-18.36669.84-891.26415.68-104.411,103.92
Effect of forex changes on cash -0.43-1.823.146.49-45.82-32.87-32.7945.30-21.05-
Financing Cash Flow 251.61-45.61194.59141.96175.37-67.12-74.21152.02256.31-178.99359.32
Dividend payments ----7.68-5.12-5.25-6.29-5.95-7.90-9.16-
Accounts receivables 21.047.65-10.74-36.59142.0621.155.60-163.12-38.26-27.96-103.98
Cash at end of period 850.49745.26775.03973.181,978.531,960.172,630.011,738.752,500.852,396.433,500.35
Net cash provided by operating activities 282.46223.29311.32392.53745.52716.79651.15534.62858.53892.861,274.12
Other working capital 18.69-98.49108.65121.20120.89249.02-154.76106.51-31.93826.05-367.21
Inventory -----------

Retained Earning Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Retained Earnings (Previous Year) 1,2981,5141,7361,8352,0682,2952,5823,1373,5263,7775,782
Net Income 202267142253281321583456395-1281,799
Stock Dividends 14-45-43-12-49-29-21-61-1372,143-125
Dividend Paid ----8-5-5-6-6-8-9-
Retained Earnings 1,5141,7361,8352,0682,2952,5823,1373,5263,7775,7827,457

PPE Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gross PPE ---245330348421431412502552
Annual Depreciation -22-4218540-30-9-70-8215-57-233
Capital Expenditure 224260464882806475107123
Net PPE --245330348421431412502552442

Intangible and Goodwill Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Intangible and Goodwill (Previous Year) 3445036468681,0491,5331,7521,9601,8653,1333,964
New Purchases -727-957-43-17-57-26-31-51-111-1,600-956
Intangible and Goodwill 5036468681,0491,5331,7521,9601,8653,1333,9641,080

About


Mr. Thomas Sinnickson Gayner
Financial Services
Insurance Property & Casualty
New York Stock Exchange

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that consist principally of fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind. This segment also offers credit and surety products, and collateral protection insurance. The company's Reinsurance segment offers general liability, professional liability, workers' compensation, medical malpractice, and environmental impairment liability; property treaty products for catastrophe, per risk, and retrocessional exposures; and specialty treaty reinsurance products comprising structured and whole turnover credit, political risk, mortgage and contr