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Working At Markel

Glen Allen, VA
Founded In
Organization Type

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.

The Organization’s Mission

We seek to deliver innovative products and responsive customer service so that we can be a market leader. Our time horizon is long-term, our underwriting approach is disciplined, and our focus is on continuously improving the quality of the customer experience.

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Job Openings
169 Positions
Average Salary
$61,688 yearly

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The Culture At Markel

Information provided by the company

The Team At Markel

Key People
Richard R. Whitt III
Samuel Markel

Markel Rankings

Markel is ranked #53 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

Salary Score
The national average salary for a Markel employee in the United States is $61,688 per year. Employees in the top 10 percent can make over $108,000 per year, while employees at the bottom 10 percent earn less than $35,000 per year.
Average Markel Salary
$29.66 hourly
Updated March 16, 2023

Markel Diversity

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.

Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for Markel. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

  • Markel has 17,400 employees.

  • 46% of Markel employees are women, while 54% are men.

  • The most common ethnicity at Markel is White (64%).

  • 12% of Markel employees are Hispanic or Latino.

  • 11% of Markel employees are Black or African American.

  • The average employee at Markel makes $61,688 per year.

  • Markel employees are most likely to be members of the republican party.

  • On average, employees at Markel stay with the company for 5.7 years.

Markel Office Locations

Markel is headquartered in Glen Allen, VA

Biggest Markel Locations

RankCityJob CountAvg. Salary
1Omaha, NE16$57,025
2New York, NY11$70,220
3Los Angeles, CA10$66,321
4Chicago, IL10$63,008
5Boston, MA6$69,581
6San Francisco, CA5$66,833
7Houston, TX4$61,740
8San Diego, CA4$66,185
9Austin, TX4$61,812
10Denver, CO3$62,854

Markel Financial Performance

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

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Highest Paying Markel Competitors

Some of the competitors of Markel are Morgan Stanley, Legg Mason, and Raymond James Financial. The wages at Morgan Stanley average higher than the other similar companies, where the median salary is $103,933 per year. Employees at Legg Mason earn an average of $84,387 per year, and the employees at Raymond James Financial earn an average salary of $71,921 per year.

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Markel FAQs

When Was Markel Founded?

Markel was founded in 1930.

How Many Employees Does Markel Have?

Markel has 17,400 employees.

How Much Money Does Markel Make?

Markel generates $12.8B in revenue.

What Industry Is Markel In?

Markel is in the insurance industry.

What Is Markel's Mission?

Markel's mission statement is "We seek to deliver innovative products and responsive customer service so that we can be a market leader. Our time horizon is long-term, our underwriting approach is disciplined, and our focus is on continuously improving the quality of the customer experience."

What Type Of Company Is Markel?

Markel is a public company.

Who Are Markel's Competitors?

Markel competitors include Genworth, Berkshire Hathaway, Morgan Stanley, Prudential Retirement Insurance And Annuity Co On Behalf Of Its Separate Account Ssa-4642 Fire, Safeco Insurance, Aetna, Raymond James Financial, M&T Bank, Legg Mason, Aimco, AmTrust Financial, State National Companies, The Cincinnati Insurance Companies, Cigna.

Who Works At Markel?

Richard R. Whitt III (Co-Chief Executive Officer)

Samuel Markel (Founder)

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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. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. 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. None of the information on this page has been provided or approved by Markel. 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 and Markel Corporation.