Markel Corporation.
MKL.US | Activities of holding companies
Markel Corporation is a diverse financial holding company that markets and underwrites specialty insurance products. The company operates through three segments: Insurance, Investments, and Markel Ventures. The Insurance segment provides specialty insurance products to a variety of niche markets. Th...Show More
Better Health for All
0
No evidence available to assess Markel Corporation on Better Health for All.
Fair Money & Economic Opportunity
0
No specific, concrete data points were found in the provided articles for any of the 'Fair Money & Economic Opportunity' KPIs. The articles primarily focus on Markel Group's overall financial performance and general philanthropic activities
1
, without detailing metrics such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion, or product simplicity.
Fair Pay & Worker Respect
10
Markel Corporation's CEO to median employee pay ratio was 116:1 in 2024.
1
Employee overall satisfaction, based on reviews, averages 3.5 out of 5 stars.
2
The company is working to increase transparency in compensation conversations.
3
Benefits mentioned in reviews include an "excellent" 9% 401k match
4
and a bonus program, though some reviews describe the bonus as "make whole" and "all but impossible to get 100% of."
5
Other employee feedback notes "low salary compared to other companies,"
6
"extremely low raises,"
7
and "very high deductible health insurance."
8
Some reviews also mention "favoritism" in management,
9
a reduction of staff targeting long-term employees,
10
and a lack of job security.
11
Fair Trade & Ethical Sourcing
0
No information is available in the provided articles regarding Markel Corporation's fair trade and ethical sourcing practices. The articles focus exclusively on the company's insurance premium audit processes
1
and workers' compensation insurance,
2
providing no data on supplier certifications, audit frequency, forced/child labor incidents, supply chain traceability, remediation speed, ethical clauses in supplier contracts, high-risk materials, or supplier diversity spend.
Honest & Fair Business
0
No evidence available to assess Markel Corporation on Honest & Fair Business.
Kind to Animals
30
Markel Corporation states that it conducts no animal testing, indicating a zero-tolerance global policy.
1
This means zero animals are used in testing annually.
2
The company does not operate animal agriculture, making the animal agriculture ethics KPI not applicable.
3
No War, No Weapons
0
No evidence available to assess Markel Corporation on No War, No Weapons.
Planet-Friendly Business
-20
Markel Corporation has not published a sustainability report or reported climate emissions data, and significantly lags insurance peers in disclosing carbon emissions related to operations, investments, and underwriting.
1
A shareholder resolution urging the company to disclose greenhouse gas emissions from its underwriting, insurance, and investment activities received 37.9% of votes in favor.
2
While Markel states support for carbon neutrality, it does not disclose strategies for aligning business activities with Paris Agreement emissions reductions.
3
No specific regulatory actions, violations, fines, or compliance issues have been mentioned.
4
Respect for Cultures & Communities
0
Markel has four formal partnerships with community and cultural groups, including historically black colleges and universities (HBCUs), a social mobility organization, the Insurance Cultural Awareness Network (iCAN), and Alfalit International through Costa Farms.
1
The company provides grievance mechanisms for external stakeholders of specific insurance entities, such as Markel International and Markel Insurance S.E., and offers the EU Online Dispute Resolution platform for complaints.
2
Markel outlines a process for reporting and investigating potential violations of its Code of Conduct, which includes discrimination and harassment.
3
Safe & Smart Tech
0
Markel has significantly improved its vulnerability management, reducing mean time to remediate by over 60%
1
and time spent containing incidents by 90%, often remediating threats in just 30 minutes.
2
The company reports no previous cybersecurity incidents have had a material adverse effect.
3
Markel maintains a mandatory annual security training program for all employees.
4
It conducts regular security audits, including annual SOC audits by independent auditors,
5
and regularly tests aspects of its internal security and third parties.
6
Markel's UK and German insurance businesses are subject to GDPR and Solvency II,
7
with UK data protection laws having EU adequacy status until June 2025.
8
Zero Waste & Sustainable Products
0
No evidence available to assess Markel Corporation on Zero Waste & Sustainable Products.