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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Markel Group Inc | NYSE:MKL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-14.43 | -0.99% | 1,436.52 | 1,450.09 | 1,433.06 | 1,445.00 | 33,777 | 01:00:00 |
x
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the fiscal year ended December 31, 2018
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¨
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Page
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Supplemental Schedules
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2018
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2017
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||||
Investments, at fair value:
|
|
|
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||||
Mutual funds
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$
|
378,686,468
|
|
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$
|
389,794,486
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Markel Corporation common stock
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150,596,724
|
|
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177,535,614
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Total investments
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529,283,192
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567,330,100
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||
Notes receivable from participants
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5,544,403
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5,092,337
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Assets available for benefits
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$
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534,827,595
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$
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572,422,437
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2018
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2017
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||||
Additions to assets attributed to:
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|
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||||
Net investment income (loss):
|
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|
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||||
Net appreciation (depreciation) in fair value of investments
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$
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(63,577,101
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)
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$
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80,540,619
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Interest and dividends
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25,728,594
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20,039,111
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Total net investment income (loss)
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(37,848,507
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)
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100,579,730
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Contributions:
|
|
|
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||||
Employer
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16,601,829
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16,853,949
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Participant
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19,197,197
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17,485,746
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Rollover
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3,840,615
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3,921,555
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Total contributions
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39,639,641
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|
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38,261,250
|
|
||
Interest income on notes receivable from participants
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243,760
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|
|
204,038
|
|
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Total additions
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2,034,894
|
|
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139,045,018
|
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||
Deductions from assets attributed to participant distributions and withdrawals
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(55,825,147
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)
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(47,632,675
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)
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Net increase (decrease) prior to transfer in
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(53,790,253
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)
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91,412,343
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Assets transferred in
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16,195,411
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|
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—
|
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Net increase (decrease)
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(37,594,842
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)
|
|
91,412,343
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Assets available for benefits:
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|
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Beginning of year
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572,422,437
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481,010,094
|
|
||
End of year
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$
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534,827,595
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|
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$
|
572,422,437
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|
1.
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Summary of Significant Accounting Policies
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a)
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Basis of Presentation
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b)
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Use of Estimates
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c)
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Investments
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d)
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Notes Receivable from Participants
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e)
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Income Taxes
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f)
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Payment of Benefits
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g)
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Risks and Uncertainties
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2.
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Summary of Significant Provisions of the Plan
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a)
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General
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b)
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Asset Transfers
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c)
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Contributions
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d)
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Participant Accounts
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e)
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Vesting and Plan Termination
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Years of Vesting Service
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Vested Percentage
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Less than two years of service
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0
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%
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Two years of service
|
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20
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%
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Three years of service
|
|
50
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%
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Four or more years of service
|
|
100
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%
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f)
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Payment of Benefits
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g)
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Participant Loans
|
h)
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Investment Options
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3.
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Fair Value Measurements
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|
December 31, 2018
|
||||||||||||||
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Level 1
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Level 2
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Level 3
|
|
Total
|
||||||||
Investments, at fair value:
|
|
|
|
|
|
|
|
||||||||
Markel Corporation common stock
|
$
|
150,596,724
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
150,596,724
|
|
Mutual funds
|
378,686,468
|
|
|
—
|
|
|
—
|
|
|
378,686,468
|
|
||||
Total investments
|
$
|
529,283,192
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
529,283,192
|
|
|
December 31, 2017
|
||||||||||||||
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
||||||||
Investments, at fair value:
|
|
|
|
|
|
|
|
||||||||
Markel Corporation common stock
|
$
|
177,535,614
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
177,535,614
|
|
Mutual funds
|
389,794,486
|
|
|
—
|
|
|
—
|
|
|
389,794,486
|
|
||||
Total investments
|
$
|
567,330,100
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
567,330,100
|
|
4.
|
Expenses
|
5.
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Related-Party Transactions
|
6.
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Subsequent Events
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Participant Contributions Transferred Late to the Plan
|
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Total that Constitute Nonexempt Prohibited Transactions
|
|
Total Fully Corrected Under VFCP and PTE 2002-51
|
|
Lost Earnings
|
||||||||||||||||
|
Contributions Not Corrected
|
|
Contributions Corrected Outside VFCP
|
|
Contributions Pending Correction in VFCP
|
|
|
|||||||||||||||
$
|
210,512
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
210,512
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|
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$
|
337
|
|
Identity of Issuer, Borrower,
Lessor or Similar Party
|
|
Description of Investment, Including Maturity Date, Number of Shares or Units, Rate of
Interest, Collateral, Par or Maturity Value
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Current Value
|
||
Markel Corporation*
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|
145,073 shares of Markel Corporation common stock, cost of $69,553,693
|
|
$
|
150,596,724
|
|
|
|
|
|
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Mutual Funds:
|
|
|
|
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Fidelity Investments*
|
|
2,933,144 shares of Fidelity Freedom 2030 Fund - Class K6
|
|
45,874,375
|
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Fidelity Investments*
|
|
3,797,024 shares of Fidelity Contrafund - Class K6
|
|
42,071,029
|
|
|
Fidelity Investments*
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|
4,075,504 shares of Fidelity Freedom 2040 Fund - Class K6
|
|
36,761,049
|
|
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Fidelity Investments*
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|
2,436,405 shares of Fidelity Freedom 2020 Fund - Class K6
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|
35,644,606
|
|
|
Fidelity Investments*
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|
1,313,561 shares of Fidelity Puritan Fund - Class K
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|
25,732,660
|
|
|
Fidelity Investments*
|
|
24,929,594 shares of Fidelity Government Money Market Fund
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|
24,929,594
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|
|
Fidelity Investments*
|
|
259,134 shares of Fidelity 500 Index Fund - Premium Class
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|
22,570,615
|
|
|
Fidelity Investments*
|
|
2,431,586 shares of Fidelity Magellan Fund - Class K
|
|
21,762,697
|
|
|
Fidelity Investments*
|
|
1,872,564 shares of Fidelity Freedom 2050 Fund - Class K6
|
|
19,306,140
|
|
|
Fidelity Investments*
|
|
1,697,109 shares of Fidelity U.S. Bond Index Fund - Institutional Class
|
|
19,143,391
|
|
|
Fidelity Investments*
|
|
320,410 shares of Fidelity Equity-Income Fund - Class K
|
|
16,308,870
|
|
|
Fidelity Investments*
|
|
385,079 shares of Fidelity Overseas Fund - Class K
|
|
15,699,664
|
|
|
Fidelity Investments*
|
|
237,124 shares of Fidelity Extended Market Index Fund - Premium Class
|
|
12,596,036
|
|
|
Fidelity Investments*
|
|
541,931 shares of Fidelity Stock Selector Small Cap Fund
|
|
10,827,785
|
|
|
Fidelity Investments*
|
|
258,522 shares of Fidelity Stock Selector All Cap Fund - Class K
|
|
9,953,106
|
|
|
Fidelity Investments*
|
|
594,667 shares of Fidelity Freedom 2010 Fund - Class K6
|
|
8,569,156
|
|
|
Fidelity Investments*
|
|
131,202 shares of Fidelity International Index Fund - Premium Class
|
|
4,769,141
|
|
|
Fidelity Investments*
|
|
23,264 shares of Sequoia Fund
|
|
3,075,474
|
|
|
Fidelity Investments*
|
|
278,580 shares of Fidelity Freedom Income Fund - Class K6
|
|
3,056,025
|
|
|
Fidelity Investments*
|
|
3,326 shares of Fidelity Freedom 2060 Fund - Class K6
|
|
35,055
|
|
|
|
|
Total mutual funds
|
|
378,686,468
|
|
|
|
|
|
|
|
||
Participant loans*
|
|
$5,544,403 in notes receivable from participants with
|
|
|
||
|
|
interest rates ranging from 4.25% to 6.25%
|
|
|
||
|
|
and maturities ranging from one month to 10 years
|
|
5,544,403
|
|
|
|
|
Total assets
|
|
$
|
534,827,595
|
|
|
|
|
|
|
||
*Party-in-interest
|
|
|
|
|
Number
|
Description
|
|
|
|
MARKEL CORPORATION RETIREMENT SAVINGS PLAN
|
||
|
|
|
|
|
By:
|
|
/s/ Susan L. Davies
|
|
|
|
Susan L. Davies
|
|
|
|
Administrative Committee Member
|
1 Year Markel Chart |
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