MARKEL GROUP INC. — fact timeline

MARKEL GROUP INC.: Reduced default voting requirement to a majority for amendments, dissolution, mergers, dispositions, re-domestication, and plan of conversion (effective 2026-05-22).

“At the 2026 Annual Meeting of Shareholders of Markel Group Inc. (the Company) held on May 20, 2026 (the 2026 Annual Meeting), upon the recommendation of the Company's Board of Directors (the Board), the Company's shareholders approved an amendment to the Company's Amended and Restated Articles of Incorporation (Amended and Restated Articles) that, subject to the terms of any preferred stock designations or the terms of any provision of the Virginia Stock Corporation Act that cannot be altered by the Articles of Incorporation or the Company's Bylaws, reduces the default voting requirement applicable under Virginia law to a majority of all votes entitled to be cast for the following matters: • Amendments to the Articles of Incorporation, • Dissolution of the Company, • Approval of certain mergers or share exchanges, • Approval of certain dispositions of the Company's assets, • Approval of re-domestication into a foreign jurisdiction, and • Approval of a plan of conversion.”

MARKEL GROUP INC.: Amended and restated bylaws to allow shareholders owning at least 25% voting power for at least one year to call special meetings (effective 2026-02-25).

“On February 25, 2026, the Board amended and restated the Company’s Bylaws (as amended and restated, the Amended and Restated Bylaws) to provide that special meetings of shareholders of the Company may be called upon the written request of shareholders who own, for a period of at least one year, not less than twenty-five percent (25%) of the voting power of the outstanding shares of the Company’s stock entitled to vote at the special meeting and who comply with the requirements and procedures set forth in the Amended and Restated Bylaws.”

MARKEL GROUP INC.: Removal of provisions for Series A 6.000% Fixed-Rate Reset Non-Cumulative Preferred Shares from the Amended and Restated Articles of Incorporation (effective 2025-06-04).

“Effective as of June 4, 2025, the Amended and Restated Articles of Incorporation of Markel Group Inc. (the Company) were amended and restated (the Amended and Restated Articles), with the sole amendment being the removal of the provisions for the Company’s Series A 6.000% Fixed-Rate Reset Non-Cumulative Preferred Shares (the Series A Preferred Shares).”

Simon Wilson was appointed as Chief Executive Officer over the Company’s global specialty insurance and reinsurance underwriting operations (Markel Insurance) at MARKEL GROUP INC..

“Effective March 17, 2025, Simon Wilson, currently President, Markel International, has been appointed Chief Executive Officer over the Company’s global specialty insurance and reinsurance underwriting operations, which will collectively be referred to as Markel Insurance.”

Jeremy A. Noble departed as President, Insurance at MARKEL GROUP INC..

“On March 14, 2025, Jeremy A. Noble, President, Insurance, and the Company mutually agreed on a departure date of April 13, 2025.”

Jonathan E. Michael was appointed as Director at MARKEL GROUP INC..

“On March 17, 2025, Markel Group also announced the appointment of Jonathan E. Michael to the Company's Board of Directors (the Board), effective March 15, 2025.”

Anthony F. Markel departed as Director at MARKEL GROUP INC..

“Anthony F. Markel informed the Company on March 14, 2025 that he will not stand for re-election as a director at the Company's 2025 Annual Meeting of Shareholders scheduled to be held May 21, 2025. Mr. Markel will retire as a director of the Company at the end of the meeting.”

Michael R. Heaton was appointed as Executive Vice President and Chief Operating Officer at MARKEL GROUP INC..

“On February 21, 2024, the Board of Directors (the Board) of Markel Group Inc. (the Company) appointed Michael R. Heaton as the Company’s Executive Vice President and Chief Operating Officer.”

MARKEL GROUP INC. reported the year ended December 31, 2023 results: revenue $ 8,295,479, EPS Diluted net income (loss) per common share $ 146.98.

“value of our equity portfolio included cumulative unrealized gains of $6.1 billion. Years Ended December 31, (in thousands, except per share amounts) 2023 2022 Earned premiums $ 8,295,479 $ 7,587,792 Markel Ventures operating revenues $ 4,985,081 $ 4,757,527 Net investment income $ 734,532 $ 446,755 Net investment gains (losses) $ 1,524,054 $ (1,595,733)”

Meade P. Grandis was appointed as Chief Accounting Officer at MARKEL GROUP INC..

“Meade P. Grandis, Managing Director, Accounting Policy and Reporting, has been appointed by the Board to serve as Chief Accounting Officer, effective December 18, 2023.”

Brian J. Costanzo was appointed as Chief Financial Officer at MARKEL GROUP INC..

“Brian J. Costanzo, Senior Vice President, Finance, Chief Accounting Officer and Controller, has been appointed by the Company’s Board of Directors (the Board) to serve as Chief Financial Officer, effective December 18, 2023;”

Teresa S. Gendron departed as Chief Financial Officer at MARKEL GROUP INC..

“On December 14, 2023, Teresa S. Gendron, Chief Financial Officer, and the Company mutually agreed on a departure date of December 31, 2023.”

Robert Cox departed as President and Chief Operating Officer, Insurance Operations at MARKEL GROUP INC..

“On November 30, 2023, Markel, the insurance operations within Markel Group Inc. (the Company), announced that the Company and Robert Cox, the President and Chief Operating Officer, Insurance Operations of Markel, mutually agreed on a departure date of December 31, 2023.”

MARKEL GROUP INC. shareholders approved Advisory vote on the frequency of future say on pay votes.

“shareholders cast over a majority of votes in favor of holding future say on pay votes every year”

MARKEL GROUP INC. amended amended and restated credit agreement valued at up to $300 million (effective 2023-06-23).

“On June 23, 2023, Markel Group Inc. (the Company) entered into an amended and restated credit agreement for its revolving credit facility, which provides up to $300 million of capacity for future acquisitions, investments and stock repurchases and for other working capital and general corporate purposes.”

MARKEL GROUP INC. shareholders approved Ratification of selection of KPMG LLP as independent registered public accounting firm at the 2023-05-17 meeting.

“Ratification of Selection of Independent Registered Public Accounting Firm For Against Abstain Broker Non-Votes 11,113,172 468,356 12,711 N/A”

MARKEL GROUP INC. shareholders approved Advisory vote on frequency of shareholder advisory votes on executive compensation at the 2023-05-17 meeting.

“Advisory Vote on Frequency of Advisory Votes on Approval of Executive Compensation One Year Two Years Three Years Abstain Broker Non-Votes 9,888,222 69,967 198,607 13,805 1,423,638”

MARKEL GROUP INC. shareholders approved Advisory vote to approve executive compensation at the 2023-05-17 meeting.

“Advisory Vote on Approval of Executive Compensation For Against Abstain Broker Non-Votes 9,865,085 198,594 106,922 1,423,638”

MARKEL GROUP INC. shareholders approved Election of Directors to serve until the 2024 Annual Meeting of Shareholders at the 2023-05-17 meeting.

“Election of Directors Director For Against Abstain Broker Non-Votes Mark M. Besca 9,922,856 234,116 13,629 1,423,638 K. Bruce Connell 9,880,695 276,053 13,853 1,423,638 Lawrence A. Cunningham 9,986,720 165,462 18,419 1,423,638 Thomas S. Gayner 9,616,165 538,356 16,080 1,423,638 Greta J. Harris 9,477,384 664,814 28,403 1,423,638 Morgan E. Housel 9,549,565 604,960 16,076 1,423,638 Diane Leopold 9,937,839 217,547 15,215 1,423,638 Anthony F. Markel 9,931,322 227,971 11,308 1,423,638 Steven A. Markel 9,655,153 504,342 11,106 1,423,638 Harold L. Morrison, Jr. 9,941,726 216,576 12,299 1,423,638 Michael O'Reilly 9,489,131 669,125 12,345 1,423,638 A. Lynne Puckett 8,753,800 1,400,170 16,631 1,423,638”

Robert C. Cox changed role as President and Chief Operating Officer, Global Insurance at MARKEL GROUP INC..

“Effective January 1, 2023, Mr. Cox became the President and Chief Operating Officer, Global Insurance, for the Company's insurance operations, reporting to Mr. Noble, and consequently ceased to be an executive officer of the Company.”

Richard R. Whitt, III retired as Co-Chief Executive Officer at MARKEL GROUP INC..

“Mr. Whitt, who retired as both the Company’s Co-Chief Executive Officer and a member of the Board on December 31, 2022, remains an employee of the Company.”

MARKEL GROUP INC.: Amended bylaws to update corporate seal from Markel Corporation to Markel Group Inc., effective May 26, 2023 (effective 2023-05-26).

“In connection with the Name Change, the Company will amend the Company's Bylaws (the Bylaws), also effective as of May 26, 2023, to update its corporate seal to replace "Markel Corporation" with "Markel Group Inc." No other changes will be made to the Bylaws.”

MARKEL GROUP INC.: Amended articles of incorporation to change corporate name from Markel Corporation to Markel Group Inc., effective May 26, 2023 (effective 2023-05-26).

“On May 15, 2023, the Company filed Articles of Amendment (the Articles of Amendment) with the Virginia State Corporation Commission to amend the Company's Amended and Restated Articles of Incorporation (as amended) to effect the Name Change. The Articles of Amendment will become effective on May 26, 2023.”

Teresa S. Gendron was appointed as Chief Financial Officer at MARKEL GROUP INC..

“On February 7, 2023, Markel Corporation (the Company) announced that Teresa S. Gendron will become the Company’s new Chief Financial Officer effective March 20, 2023.”

MARKEL GROUP INC. reported financial results for the year ended December 31, 2022.

“Markel Corporation (NYSE: MKL) today reported its financial results for the year ended December 31, 2022.”

MARKEL GROUP INC.: Amended and restated Bylaws to incorporate advance notice requirements for shareholder nominations under SEC universal proxy rules, eliminate references to multiple CEOs, grant CEO additional authority over subordinate officers, and make technical changes (effective 2023-01-01).

“On November 16, 2022, but effective January 1, 2023, the Board amended and restated the Company's Bylaws (as amended and restated, the Amended and Restated Bylaws) to, among other things: • incorporate additional requirements to the advance notice and other procedural requirements related to shareholder nominations for election of directors or proposals of business at meetings of shareholders, including additional information that a shareholder must include in a notice of a nomination and additional actions a shareholder must take (or refrain from taking) to comply with the SEC's universal proxy rules under Rule 14a-19 of the Exchange Act; • eliminate references contemplating multiple Chief Executive Officers; • give the Chief Executive Officer additional authority with respect to the appointment, removal and delegation of powers of subordinate officers; and • make other technical, conforming, modernizing or clarifying changes in certain other provisions.”

Brian J. Costanzo was appointed as Principal Financial Officer at MARKEL GROUP INC..

“the functions, duties and responsibilities of the Company's principal financial officer (as set forth by rules adopted under the Exchange Act), including relating to the Company’s periodic reporting on Form 10-Q and Form 10-K and the fulfillment of such functions, duties and responsibilities associated with the accompanying certifications to such filings, as well as the designation of the Company’s principal financial officer, will transition from Mr. Noble to Brian J. Costanzo, the Company’s Senior Vice President, Finance, Chief Accounting Officer and Controller.”

Robert C. Cox departed as President and Chief Operating Officer, Insurance Operations at MARKEL GROUP INC..

“Robert C. Cox, the Company's President and Chief Operating Officer, Insurance Operations, will (i) become President and Chief Operating Officer, Global Insurance for the Company's insurance engine, reporting to Mr. Noble, and (ii) cease to be an executive officer of the Company.”

Jeremy A. Noble changed role as President, Insurance at MARKEL GROUP INC..

“effective January 1, 2023, Jeremy A. Noble, Senior Vice President and Chief Financial Officer, will become President, Insurance, of the Company.”

Thomas S. Gayner changed role as Sole Chief Executive Officer at MARKEL GROUP INC..

“Thomas S. Gayner, Co-Chief Executive Officer, will become sole Chief Executive Officer on January 1, 2023, upon Mr. Whitt's retirement.”

Richard R. Whitt III retired as Co-Chief Executive Officer at MARKEL GROUP INC..

“Richard R. Whitt, III informed Markel Corporation (the Company) that effective 11:59:59 p.m. on December 31, 2022, he will be retiring and resigning (i) as a Co-Chief Executive Officer (Co-CEO) of the Company and (ii) as a member of the Company's Board of Directors (the Board).”

Richard R. Whitt III departed as Co-Chief Executive Officer at MARKEL GROUP INC..

“The amendment was entered into in connection with the previously announced decision by Mr. Whitt to retire by March 31, 2023.”

Andrew G. Crowley was appointed as President, Markel Ventures at MARKEL GROUP INC..

“On May 20, 2022, Markel Corporation (the Company) entered into an employment agreement with Andrew G. Crowley, the Company’s President, Markel Ventures.”

Andrew G. Crowley was appointed as President, Markel Ventures at MARKEL GROUP INC..

“Appointed Andrew G. Crowley as the Company’s new President, Markel Ventures, and designated Mr. Crowley as an additional executive officer of the Company.”

Michael R. Heaton was appointed as Executive Vice President at MARKEL GROUP INC..

“Appointed Michael R. Heaton, formerly the Company’s President, Markel Ventures, to the newly created role of Executive Vice President of the Company.”

Thomas S. Gayner changed role as Chief Executive Officer at MARKEL GROUP INC..

“Thomas S. Gayner, the Company’s other Co-CEO, will become the Company’s sole Chief Executive Officer.”

Richard R. Whitt III departed as Co-Chief Executive Officer at MARKEL GROUP INC..

“On May 3, 2022, Richard R. Whitt, III, a Co-Chief Executive Officer (Co-CEO) of Markel Corporation (the Company), informed the Company of his plan to retire by March 31, 2023.”

Bradley J. Kiscaden departed as President and Chief Administrative Officer, Insurance Operations at MARKEL GROUP INC..

“Bradley J. Kiscaden, President and Chief Administrative Officer, Insurance Operations, of Markel Corporation (the Company), informed the Company of his plan to retire April 1, 2022.”

Morgan E. Housel was appointed as Director at MARKEL GROUP INC..

“On November 16, 2021, Markel Corporation (the Company) announced the appointment of Morgan E. Housel to the Company's Board of Directors (the Board), effective November 16, 2021.”

Jeremy A. Noble changed role as Senior Vice President and Chief Financial Officer at MARKEL GROUP INC..

“Mr. Noble will continue to serve as the Company's principal financial officer.”

Brian J. Costanzo was appointed as Principal Accounting Officer at MARKEL GROUP INC..

“as well as the designation of the Company’s principal accounting officer, from Jeremy A. Noble, the Company’s Senior Vice President and Chief Financial Officer, to Brian J. Costanzo, the Company's Chief Accounting Officer and Controller.”