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Working At Markel

In 1930, Markel Corporation was founded as a holding company for insurance, reinsurance, and investment operations. The company's underwriting operations are reported in 3 segments, and its products come from 4 insurance divisions and 1 reinsurance division. The corporation as a whole strives to deliver products that are innovative while providing responsive customer service.

Diving Into the Values at Markel

Striving to maintain its status as a global leader, Markel is committed to success. Because of this, the corporation believes in working hard while on a pursuit for excellence. But in the same breath, the team knows how to keep a sense of humor. And this all leads to the Markel Way.

The Markel Way is the company's way of striving to be a market leader is every pursuit. By understanding each customers' needs, Markel employees are able to provide them with quality products and service. The Markel Way is also a pledge to the shareholders that they will indeed build the company's financial value.

But the Markel Way also empowers employees to seek better solutions to problems. And that includes challenging management. Everyone at Markel has the ability to make decisions and change courses. So while you're expected to respect authority, you should have disdain for bureaucracy. The employees at Markel live the Markel Way.

The People at Markel

A Step Above the Rest

At Markel, they believe that in order to be successful the employees must be good citizens. Employees are encouraged to give back their time and money on a local, regional, national and international level. Markel team members have aided in medical research, hunger relief agencies, schools, inner city youth, hospice organizations, veterans, the arts and victims of natural disasters. This is just another example of the Markel Way.

As an employee at Markel, they're recognized as the most important part of the company. They're responsible for delivering and achieving business goals. That's why it's important to Markel to provide an environment where everyone truly feels welcome and appreciated. Employees are supported in reaching their full potential and are rewarded for their commitment and performance.

Every individual at Markel is self-determined to reach their personal potential. And since the company is results-orientated, they work as a team to achieve success. But above all else, everyone enjoys what they're doing at Markel.

The Benefits at Markel

Tip-Top Perks

When it comes to benefits, Markel knows what it's doing. Team members are fully supported with a large array of benefits to enjoy. From competitive compensation to career advancement opportunities, it's clear Markel is focused on providing value to every job offer. And what's more is the company is constantly looking for ways to improve the benefits package.

With a pay-for-performance philosophy, you'll never have to worry about fighting for equal pay. Instead, your pay will be in direct correlation to your performance and contributions. As long as you're contributing to the success of the company, you'll continue to receive competitive financial benefits. The Annual Incentive Compensation program is also in place to recognize those of you who will exceed expectations. By achieving goals and objectives, you'll receive a generous annual bonus.

But if the company is worried about anything, it's your wellness. With access to exceptional medical, dental, vision, and prescription drug plans, you'll never have to worry about insurance. You'll be presented with 2 PPO plans and 2 Consumer Plans with an HSA, as well as receive coverage for vision and dental. And when it comes down to saving on taxes, Markel provides employees access to save on eligible healthcare, dependent care, and commuting expenses.

The company doesn't stop there to make sure you're in tip-top health. With onsite gym facilities and discounted gym memberships, you'll have access to stay fit and keep those New Years' resolutions going. In addition, the company has a wellness strategy in place to create a healthy culture that promotes long-term commitments to healthy lifestyles. Employees who participate in this strategy can earn credits, as well as other health-related resources and activities.

For those of you who want to stay on top of your game and expand your mind, Markel encourages you to do just that. Whether it's learning in the classroom, on-the-job or through online opportunities, the company is there to support you every step of the way. With the addition of Markel Development University, employees can learn more about over 1,600 topics including business skills, IT skills and management skills. And the university is entirely online so you could learn while at work or in your PJ's at home. Oh and you won't have to pay for extra schooling. With the training and tuition reimbursement, many of your educational expenses will be covered.

As for growing within your career, Markel prefers to promote from within. That's why jobs are posted internally before being released to the public. And if there's a certain position that is just calling your name, Markel provides you with the tools to get there. Whatever it is that you need, Markel is sure to provide it. That's just the kind of company it is.

Industry

Insurance

Revenue

$5.8B

Employees

15,600

Founded in

1930

Headquarters

Glen Allen, VA

Website

www.markel.com

Organization Type

Public

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The Team At Markel

Key People

    Darrell Martin (cfo)

    Richard Whitt. III (Co-Chief Executive Officer)

    Richard Whitt Iii (ceo)

    Alan Kirshner (Executive Chairman)

    Thomas Gayner (ceo)

    Steven Markel (Vice Chairman)

    Anthony Markel (Vice Chairman)

The Culture At Markel

Information provided by the company
We are looking for people who have potential and share our passion to live the Markel Style, which is described in more detail below.
We offer an excellent work environment that promotes innovative thinking and challenges the way the ways things have been done.

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What do you like about working for Markel?

Markel Rankings

Markel is ranked #72 on the Best Insurance Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Markel Salaries

How much does Markel pay?
The national average salary for a Markel employee in the United States is $61,530 per year. Employees in the top 10 percent can make over $109,000 per year, while employees at the bottom 10 percent earn less than $34,000 per year.
8.8
Salary Score
Average Employee Earnings

Markel Salaries By Job Title

While the average employee salary at Markel is $61,530, there is a big variation in pay depending on the role.

Some of the positions that earn high wages at Markel include director of market analysis, infrastructure architect, manager, finance analysis, and property underwriter.

A typical director of market analysis salary at Markel is $122,049 per year.

Other roles at Markel include assembler and receptionist. A assembler at Markel earns an average yearly salary of $27,023.

Markel Careers

On average, employees at Markel stay with the company for 3.8 years. Employees most commonly join Markel after leaving Capital One. When they leave Markel, they most frequently get their next job at Capital One.

Average Length of Employment
Travelers4.5 years

Markel

3.8 years
MetLife3.7 years
Top Employers Before Markel
IBM5.3 %
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Top Employers After Markel
Xerox5.9 %
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Markel Employee Demographics

9.6
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Markel Employees Education

Of the 15,600 employees at Markel, 28.6% attended Virginia Commonwealth University. Employees at Markel most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Markel Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1930

Organization type

Public

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Markel Subsidiaries

Subsidiaries to Markel include State National Companies. Employees at the parent company, Markel, earn $61,122 whereas employees at State National Companies earn $40,765, on average.
Company
Average Salary
State National Companies
State National Companies
$38,972
$39k

Markel Competitors

Competitors of Markel include Prudential Financial, The Guardian Life Insurance Company of America, and American International Group.

The average salaries at Prudential Financial rank the highest, with their employees earning an average salary of $81,983 per year.

Employees at The Guardian Life Insurance Company of America earn an average of $78,275 per year, and the employees at American International Group earn an average salary of $77,737 per year.

Frequently Asked Questions about Markel

How many Employees does Markel have?

Markel has 15,600 employees.

How much money does Markel make?

Markel generates $5.8B in revenue.

What industry is Markel in?

Markel is in the insurance industry.

What type of company is Markel?

Markel is a public company.

Who are Markel's competitors?

Markel competitors include American International Group, Travelers, MetLife, AmTrust Financial Services, Cincinnati Financial, State National Companies, Chubb, Prudential Financial, Cigna, Genworth Financial, Brotherhood Mutual Insurance, Liberty Mutual, Auto-Owners Insurance, Nationwide Mutual Insurance ..., The Guardian Life Insurance Company of America, Mercury General, Anthem, Unum, Erie Insurance, American Family Insurance.

Who works at Markel?

Darrell Martin (cfo)

Richard Whitt. III (Co-Chief Executive Officer)

Richard Whitt Iii (ceo)

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Where is Markel's headquarters?

Markel's headquarters is in Glen Allen, VA.

What is Markel's website?

You can find the Markel website at www.markel.com.

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Updated May 18, 2020

Zippia gives an in-depth look into the details of Markel, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Markel. The employee data is based on information from people who have self-reported their past or current employments at Markel. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Markel and its employees or that of Zippia.

Markel may also be known as or be related to MARKEL CORP, Markel and Markel Corporation.