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Markel Group Inc. to Redeem Series A Preferred Shares

Markel Group Inc., a diversified insurance and investment firm based in Richmond, Virginia, has recently announced a significant financial decision impacting its Series A 6.000% Fixed-Rate Reset Non-Cumulative Preferred Shares. Effective June 1, 2025, the company will redeem all outstanding shares of this series for cash at a price of $1,000 per share, which reflects the per-share liquidation preference.

As of now, there are about 600,000 Series A Preferred Shares still active, accounting for a total liquidation preference of approximately $600 million. However, it’s essential to note that the actual redemption process will occur on June 2, 2025, since the redemption date is not a recognized business day. This indicates the company's intent to manage its capital effectively while ensuring shareholders receive their due.

On the same day as the redemption, the company will also pay a regular semi-annual dividend of $30.00 per share to the record holders as of May 17, 2025. Notably, this dividend payment will be made separately from the redemption price, and it will not include any accrued and unpaid dividends that may exist.

The role of payment execution falls to Equiniti Trust Company LLC, operating as both the transfer agent and the redemption agent. Shareholders should be aware that while this announcement is significant, it does not serve as the formal notice of redemption, which will be communicated to Series A Preferred Shareholders in due course per the terms associated with these financial instruments.

About Markel Group Inc.

Markel Group Inc. operates as a conglomerate that encompasses various sectors, including insurance, bakery equipment, and building materials. The firm prides itself on a unique operational style that combines an independent management approach with a set of guiding principles often referred to as the Markel Style. Over the decades, the company has built a solid foundation in its specialty insurance business, which serves as the backbone for growth and development across its varied offerings.

Through prudent underwriting practices, Markel has cultivated a robust capital base, allowing it to develop a diverse range of businesses and investment opportunities. This framework not only generates multiple income streams but also ensures effective allocation of capital across various sectors to support their overarching objective of long-term success for their customers and stakeholders.

As part of their ongoing financial communication strategy, Markel has acknowledged potential forward-looking statements within this release. These statements might be influenced by external factors, including the timely provision of funds necessary for the planned redemption and dividend payment.

Markel Group emphasizes transparency and encourages interested parties to refer to the U.S. Securities and Exchange Commission filings for comprehensive insights beyond this announcement. The firm has expressed dedication to updating stakeholders on any significant developments related to this redemption process.

For further information, shareholders and interested parties can visit the official `mklgroup.com` website, where Markel maintains detailed disclosures and updates pertaining to its business operations and financial performance.