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Markel Corporation is an insurance holding company. Never declaring a stock split, their stock has risen
from $8.33 per share in its 1986 IPO to over $350 a share in 2010. Their book
value per share has risen from $3.42 in 1986 to $282.55 in 2009, which is a
compound annual growth rate of 21.2%.[citation needed]
History
Company founder Samuel A. Markel ran a small
insurance agency in Norfolk, Virginia. In the 1920s, the city of Norfolk passed
a law mandating that all jitney buses be insured. Unable to find backing from
any large insurance firms, Markel organized a mutual insurance company composed
of the jitney bus owners, called the Mutual Casualty Association. Company
headquarters later moved to Richmond,
Richmond, VA
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Richmond, VA
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Richmond, VA
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Plano, TX
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Deerfield, IL
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Richmond, VA
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Richmond, VA
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Pewaukee, WI
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Richmond, VA
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New York
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Richmond, VA
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Plano, TX
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Richmond, VA
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Richmond, VA
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Richmond
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Richmond, VA
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Deerfield, IL
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Richmond, VA
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Richmond, VA
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Blair, NE
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Pewaukee, WI/Richmond, VA
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