Markel Group Inc. Files 8-K Reporting Other Events
Ticker: MKL · Form: 8-K · Filed: May 16, 2024 · CIK: 1096343
| Field | Detail |
|---|---|
| Company | Markel Group Inc. (MKL) |
| Form Type | 8-K |
| Filed Date | May 16, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $600,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, filing, company-update
TL;DR
Markel Group Inc. filed an 8-K on May 13, 2024, detailing other events and financial exhibits.
AI Summary
Markel Group Inc. filed an 8-K on May 16, 2024, reporting other events and financial statements and exhibits. The filing pertains to events on May 13, 2024. Markel Group Inc. was formerly known as Markel Corp. and Markel Holdings Inc., with name changes occurring in 2000 and 1999 respectively.
Why It Matters
This filing provides an update on significant events and financial disclosures for Markel Group Inc., which is crucial for investors to understand the company's current operational status and financial health.
Risk Assessment
Risk Level: low — The filing is a routine 8-K report and does not appear to disclose any immediate material adverse events.
Key Players & Entities
- MARKEL GROUP INC. (company) — Registrant
- Markel Corp (company) — Former Company Name
- Markel Holdings Inc (company) — Former Company Name
- May 13, 2024 (date) — Date of earliest event reported
- May 16, 2024 (date) — Date of Report
FAQ
What is the primary purpose of this 8-K filing for Markel Group Inc.?
The primary purpose of this 8-K filing is to report 'Other Events' and 'Financial Statements and Exhibits' as of May 13, 2024.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on May 13, 2024.
What were Markel Group Inc.'s previous names?
Markel Group Inc. was formerly known as Markel Corp. (name change effective 20000411) and Markel Holdings Inc. (name change effective 19991005).
In which state is Markel Group Inc. incorporated?
Markel Group Inc. is incorporated in Virginia.
What is the SIC code for Markel Group Inc.?
The Standard Industrial Classification (SIC) code for Markel Group Inc. is 6331, which corresponds to FIRE, MARINE & CASUALTY INSURANCE.
Filing Stats: 719 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-05-16 12:26:10
Key Financial Figures
- $600,000,000 — erwriting Agreement, the Company issued $600,000,000 aggregate principal amount of its 6.000
Filing Documents
- mkl-20240513.htm (8-K) — 33KB
- exhibit11underwritingagree.htm (EX-1.1) — 176KB
- mkl-2024notesx17thsuppleme.htm (EX-4.2) — 152KB
- exhibit51.htm (EX-5.1) — 36KB
- image_0.jpg (GRAPHIC) — 10KB
- 0001096343-24-000066.txt ( ) — 630KB
- mkl-20240513.xsd (EX-101.SCH) — 2KB
- mkl-20240513_def.xml (EX-101.DEF) — 14KB
- mkl-20240513_lab.xml (EX-101.LAB) — 25KB
- mkl-20240513_pre.xml (EX-101.PRE) — 15KB
- mkl-20240513_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On May 13, 2024, Markel Group Inc. (the Company) executed an Underwriting Agreement and related pricing agreement (the Underwriting Agreement) with the underwriters named therein. Under the Underwriting Agreement, the Company issued $600,000,000 aggregate principal amount of its 6.000% Senior Notes due 2054 (the Notes) under the Indenture, dated as of June 5, 2001 (the Indenture), between the Company (formerly known as Markel Corporation) and The Bank of New York Mellon (as successor to The Chase Manhattan Bank), as trustee (the Trustee), relating to debt securities, as amended by a Seventeenth Supplemental Indenture to the Indenture with respect to the Notes, dated as of May 16, 2024 (the Seventeenth Supplemental Indenture). The Underwriting Agreement and the Seventeenth Supplemental Indenture are filed as exhibits hereto and are incorporated herein by reference. The form of the Notes is included as Exhibit A to the Seventeenth Supplemental Indenture. Certain exhibits are filed herewith by the Company in connection with the Company's offering of the Notes pursuant to its Prospectus Supplement, dated May 13, 2024, to the Prospectus, dated February 23, 2024, filed with the Securities and Exchange Commission (the Commission) as part of the Registration Statement on Form S-3ASR (Registration No. 333-277334), which became effective February 23, 2024.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 1.1 U nderwriting Agreement and related pricing agreement, dated as of May 13, 202 4, between the Company and the underwriters named therein (filed herewith) . 4.1 Indenture, dated as of June 5, 2001, between the Company (formerly known as Markel Corporation) and The Bank of New York Mellon (as successor to The Chase Manhattan Bank), as Trustee (incorporated by reference from Exhibit 4.1 in the Company's report on Form 8-K filed with the Commission June 5, 2001). 4.2 Seventeenth Supplemental Indenture, dated as of May 16, 2024, between Markel Group Inc. and The Bank of New York Mellon, including form of 6.000% Senior Notes due 2054 as Exhibit A (filed herewith). 5.1 Opinion of McGuireWoods LLP (filed herewith). 23.1 Consent of McGuireWoods LLP (contained in Exhibit 5.1 filed herewith). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MARKEL GROUP INC. May 16, 2024 By: /s/ Richard R. Grinnan Name: Richard R. Grinnan Title: Senior Vice President, Chief Legal Officer and Secretary 3