MKL vs. MRSH: Markel vs. Marsh & McLennan Stock Comparison
How do Markel (MKL) and Marsh & McLennan (MRSH) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Markel (MKL) and Marsh & McLennan (MRSH) both belong to the Insurance industry, though MKL is classified under Property & Casualty Insurance while MRSH falls under Insurance Brokers.
| Profile Item | MKL | MRSH |
|---|---|---|
| Name | Markel Group Inc. | Marsh & McLennan Companies, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Property & Casualty Insurance | Insurance Brokers |
| Market Capitalization | 23.71 billion USD | 97.39 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | December 12, 1986 | February 21, 1973 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | MKL | MRSH |
|---|---|---|
| Total Return (1Y) | -4.35% | 16.87% |
| Total Return (3Y, Annualized) | 13.21% | 3.11% |
| Total Return (5Y, Annualized) | 8.36% | 6.23% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Marsh & McLennan (MRSH) trades around 2.43M shares per day on average, while Markel (MKL) sees only 66.79K — a volume gap that can matter for position sizing, exit liquidity, and order execution.
| Metric | MKL | MRSH |
|---|---|---|
| Volatility (1Y, Annualized) | 18.61% | 26.15% |
| Beta (5Y) | 0.57 | 0.51 |
| Max Drawdown (5Y) | -28.87% | -34.36% |
| Avg. Volume (3M) | 66.79K | 2.43M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | MKL | MRSH |
|---|---|---|
| Sharpe Ratio (1Y) | -0.46 | 0.48 |
| Sortino Ratio (1Y) | -0.60 | 0.74 |
Profitability
ROE (TTM)
Marsh & McLennan (MRSH) at 27.24% sits in the top ROE quartile, while Markel (MKL) at 9.75% is closer to the peer norm — stronger capital efficiency for MRSH.
MKL
Insurance industry group
9.75%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- MKL
- 9.75%
- Q1
- 8.79%
- Min
- -10.66%
MRSH
Insurance industry group
27.24%
- Max
- 41.68%
- MRSH
- 27.24%
- Q3
- 22.04%
- Median
- 14.81%
- Q1
- 8.79%
- Min
- -10.66%
Net Margin (TTM)
Both Markel (MKL) at 11.13% and Marsh & McLennan (MRSH) at 14.20% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
MKL
Insurance industry group
11.13%
- Max
- 29.92%
- Q3
- 17.03%
- MKL
- 11.13%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
MRSH
Insurance industry group
14.20%
- Max
- 29.92%
- Q3
- 17.03%
- MRSH
- 14.20%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Markel (MKL) in Insurance and Marsh & McLennan (MRSH) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | MKL | MRSH |
|---|---|---|
| ROE (TTM) | 9.75% | 27.24% |
| ROA (TTM) | 2.21% | 7.35% |
| Net Margin (TTM) | 11.13% | 14.20% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Marsh & McLennan (MRSH) at 10.32% is around its peer norm for revenue growth, while Markel (MKL) at -2.49% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Marsh & McLennan (MRSH) at 3.06% is around its peer norm for EPS growth, while Markel (MKL) at -15.10% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | MKL | MRSH |
|---|---|---|
| Revenue Growth (YoY) | -2.49% | 10.32% |
| Revenue Growth (3Y CAGR) | 11.40% | 9.20% |
| EPS Growth (YoY) | -15.10% | 3.06% |
| EPS Growth (3Y CAGR) | -- | 11.75% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Markel (MKL) in Insurance and Marsh & McLennan (MRSH) in Insurance both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: Markel (MKL) in Insurance and Marsh & McLennan (MRSH) in Insurance run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | MKL | MRSH |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Markel (MKL) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Marsh & McLennan (MRSH) reports a yield of 1.80%, ranking against industry peers normally.
MKL
Insurance industry group
0.00%
- Max
- 5.12%
- Q3
- 2.15%
- Median
- 0.98%
- MKL
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
MRSH
Insurance industry group
1.80%
- Max
- 5.12%
- Q3
- 2.15%
- MRSH
- 1.80%
- Median
- 0.98%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Markel (MKL) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Marsh & McLennan (MRSH) reports a payout of 44.14%, ranking against industry peers normally.
MKL
Insurance industry group
0.00%
- Max
- 76.67%
- Q3
- 35.18%
- Median
- 14.74%
- MKL
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
MRSH
Insurance industry group
44.14%
- Max
- 76.67%
- MRSH
- 44.14%
- Q3
- 35.18%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | MKL | MRSH |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 1.80% |
| Dividend Payout Ratio (TTM) | 0.00% | 44.14% |
Valuation
P/E Ratio (TTM)
Markel (MKL) at 13.80 is near its industry’s usual P/E ratio, while Marsh & McLennan (MRSH) at 24.50 sits in the richer quartile — MRSH needs stronger growth or earnings quality to justify the premium.
MKL
Insurance industry group
13.80
- Max
- 28.37
- Q3
- 18.75
- MKL
- 13.80
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
MRSH
Insurance industry group
24.50
- Max
- 28.37
- MRSH
- 24.50
- Q3
- 18.75
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
P/S Ratio (TTM)
Markel (MKL) at 1.47 is priced about in line with its industry on P/S ratio, while Marsh & McLennan (MRSH) at 3.42 sits in the pricier quartile — MRSH costs more per dollar of sales.
MKL
Insurance industry group
1.47
- Max
- 4.03
- Q3
- 2.25
- MKL
- 1.47
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
MRSH
Insurance industry group
3.42
- Max
- 4.03
- MRSH
- 3.42
- Q3
- 2.25
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
P/B Ratio (MRQ)
Markel (MKL) at 1.28 sits near its industry’s typical P/B ratio, while Marsh & McLennan (MRSH) at 6.64 prices above its benchmark range — MRSH looks rich relative to book.
MKL
Insurance industry group
1.28
- Max
- 5.07
- Q3
- 2.79
- Median
- 1.76
- MKL
- 1.28
- Q1
- 1.23
- Min
- 0.30
MRSH
Insurance industry group
6.64
- MRSH
- 6.64
- Max
- 5.07
- Q3
- 2.79
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
Valuation Metrics
| Metric | MKL | MRSH |
|---|---|---|
| P/E Ratio (TTM) | 13.80 | 24.50 |
| P/S Ratio (TTM) | 1.47 | 3.42 |
| P/B Ratio (MRQ) | 1.28 | 6.64 |
| Free Cash Flow Yield (TTM) | -- | -- |