Markel Group Inc.
11/13/2024 | Press release | Distributed by Public on 11/13/2024 15:34
Material Event Form 8 K
| Item 8.01 |
Other Events.
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On November 13, 2024, the Board of Directors (the Board) of Markel Group Inc. (the Company) approved a new share repurchase program with immediate effect authorizing the Company to repurchase up to $2 billion of the Company's outstanding common stock. This program terminates and replaces a $750 million program authorized in November 2023 under which $495 million of the Company's common stock had been repurchased through November 12, 2024. Under the new program, as under the previous program, the Company may repurchase outstanding shares of the Company's common stock from time to time in privately negotiated or open market transactions, including under plans complying with Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934. The new program has no expiration date but may be terminated by the Board at any time.
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