Markel Reports First Quarter 2012 Results

Wednesday May 9th 2012 04:42:44 PM

RICHMOND, Va., May 9, 2012 /PRNewswire/ -- Markel Corporation (NYSE: MKL) reported diluted net income per share of $5.92 for the quarter ended March 31, 2012 compared to $0.85 for the first quarter of 2011.  The combined ratio for the first quarter of 2012 was 100% compared to 112% for the first quarter of 2011.  The combined ratio for the first quarter of 2012 included $20 million, or 4 points, of underwriting, acquisition and insurance expenses related to the Company's prospective adoption of Financial Accounting Standards Board Accounting Standard Update No. 2010-26, Accounting for Costs Associated with Acquiring or Renewing Insurance Contracts.  The combined ratio for the first quarter...

Markel Announces Conference Call Date And Time

Thursday May 3rd 2012 04:30:26 PM

RICHMOND, Va., May 3, 2012 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today it will hold a conference call on Thursday, May 10, 2012 beginning at 10:30 am (Eastern Daylight Savings Time) to discuss quarterly results and business developments.   Any person interested in listening to the call or a replay of the call, which will be available from approximately two hours after the conclusion of the call until May 21, 2012, should contact Markel's Investor Relations Department at 804-747-0136.  Investors, analysts and the general public may also listen to the call free over the Internet through Markel Corporation's corporate web site, www.markelcorp.com.  A replay of the cal...

Markel Names Audrey Hanken President of A.U.M.A. and the Markel American Business Unit

Friday April 20th 2012 06:02:25 AM

WAUKESHA, Wis., April 20, 2012 /PRNewswire via COMTEX/ --Markel Corporation announced today that Audrey Hanken will serve as the President of the American Underwriting Managers Agency, Inc. and the Markel American business unit. "We are very happy to have Audrey lead the Markel American team in an even greater capacity than she has in the past," said Mike Crowley, President and Co-Chief Operating Officer of Markel Corporation. "With Audrey's 20 years of experience in the insurance industry, including 17 years at Markel American, her strategic and tactical foresight, successful track record, team building capabilities, passion for the industry and personal drive, I am confident that the or...

Markel Announces Acquisition of Havco

Wednesday April 18th 2012 05:02:15 PM

RICHMOND, Va., April 18, 2012 /PRNewswire via COMTEX/ --Markel Corporation (NYSE: MKL) announced today that its subsidiary, Markel Ventures, has acquired a majority interest in Havco WP LLC (www.havcowp.com) ("Havco"), a privately held company headquartered in Cape Girardeau, MO. Havco is a leading manufacturer of laminated oak and composite wood flooring that is utilized in the assembly of truck trailers, intermodal containers, and truck bodies. Bruce Bader, President and CEO of Havco, stated, "Our new partnership with Markel is an important next step for Havco, our customers, and our employees. With their support, we will have a permanent foundation upon which we can continue to be th...

Markel Reports 2011 Financial Results

Wednesday February 1st 2012 04:53:24 PM

RICHMOND, Va., Feb. 1, 2012 /PRNewswire/ -- Markel Corporation (NYSE: MKL) reported diluted net income per share of $14.60 for the year ended December 31, 2011 compared to $27.27 in 2010.  The 2011 combined ratio was 102% compared to 97% in 2010.  Book value per common share outstanding increased 8% to $352.10 at December 31, 2011 from $326.36 at December 31, 2010.  Over the five-year period ended December 31, 2011, compound annual growth in book value per common share outstanding was 9%. Alan I. Kirshner, Chairman and Chief Executive Officer, commented, "Our 2011 underwriting results were impacted by the higher than expected frequency of natural catastrophes including the floods in Thail...

Markel Announces Conference Call Date and Time

Thursday January 26th 2012 04:30:54 PM

RICHMOND, Va., Jan. 26, 2012 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today it will hold a conference call on Thursday, February 2, 2012 beginning at 10:30 am (Eastern Standard Time) to discuss quarterly and year-end results and business developments.   Any person interested in listening to the call or a replay of the call, which will be available from approximately two hours after the conclusion of the call until February 13, 2012, should contact Markel's Investor Relations Department at 804-747-0136.  Investors, analysts and the general public may also listen to the call free over the Internet through Markel Corporation's corporate web site, www.markelcorp.com.  A r...

Markel Completes THOMCO Acquisition

Wednesday January 4th 2012 08:30:36 AM

RICHMOND, Va., Jan. 4, 2012 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today that it has completed the previously announced acquisition of Thompson Insurance Enterprises, LLC (dba THOMCO), a privately held Program Administrator underwriting multi-line, industry-focused insurance programs. Headquartered in Kennesaw, Georgia, THOMCO manages over 20 national programs including Medical Transportation, Senior Living, Childcare Centers, Fitness Clubs, Pest Control Operators, Tanning Salons and Inflatable Rental Operators, among others. THOMCO will continue to operate as a separate business unit with Greg Thompson and Bob Heaphey, THOMCO's current Chairman a...

Markel American Insurance Company Names the Winner of the Markel Day on the Lake with Shaw Grigsby Photo Contest

Thursday December 15th 2011 05:54:40 PM

WAUKESHA, Wis., Dec. 15, 2011 /PRNewswire/ -- Markel American Insurance Company recently announced the winner of their "Markel Day on the Lake with Shaw Grigsby Photo Contest." The nationally run contest asked participants to upload a photo of  themselves with their boat that best represented their favorite fishing or boating spot, along with a brief essay on why it was their perfect boating or fishing location. Markel received hundreds of entries, all featuring great photos and essays, and has officially deemed a winner - Steve Godlewski of Bloomington, Illinois.  Godlewski and one guest will receive one full day on the water fishing with 13-time Bassmaster Classic Qualifier and winner...

Markel Announces Agreement to Acquire THOMCO

Wednesday December 7th 2011 08:30:28 AM

RICHMOND, Va., Dec. 7, 2011 /PRNewswire/ -- Markel Corporation (NYSE: MKL) and Thompson Insurance Enterprises, LLC (dba THOMCO) announced today that they have entered into a definitive agreement for Markel to acquire THOMCO, a privately held Program Administrator underwriting multi-line, industry-focused insurance programs. Headquartered in Kennesaw, Georgia, THOMCO manages over 20 national programs including Medical Transportation, Senior Living, Childcare Centers, Fitness Clubs, Pest Control Operators, Tanning Salons and Inflatable Rental Operators, among others. THOMCO expects to underwrite in excess of $170,000,000 in gross written premium in 2011. The firm produces bu...

Markel Reports Third Quarter and Nine-Month Results

Monday November 7th 2011 04:42:53 PM

RICHMOND, Va., Nov. 7, 2011 /PRNewswire via COMTEX/ --Markel Corporation (NYSE - MKL) reported diluted net income per share of $5.48 for the quarter ended September 30, 2011 compared to $6.48 for the third quarter of 2010. Diluted net income per share was $9.42 for the nine months ended September 30, 2011 compared to $12.93 for the same period of 2010. The combined ratio was 100% for the third quarter of 2011 compared to 93% for the third quarter of 2010. The combined ratio was 105% for the nine months ended September 30, 2011 compared to 99% for the same period of 2010. The combined ratio for the quarter and nine months ended September 30, 2011 included $34 million, or 7 points, and $13...