Report
Brett Horn
EUR 98.48 For Business Accounts Only

We're skeptical of Markel's reputation as a mini-Berkshire.

Markel continues to generate fairly strong results. For the year, book value per share improved 8%, a reasonable result given current market conditions. Underwriting performance deteriorated slightly in the quarter and for the year but remained at an attractive level. While we appreciate the strength of the company’s performance in recent years, we think it is predicated, to some extent, on external factors that are unlikely to persist, and that the recent rates of book value growth could prove ...
Underlying
Markel Corporation

Markel is a financial holding company. The company's business operations are: Underwriting, which comprised of risk-bearing insurance and reinsurance operations; Investing, which is primarily related to underwriting operations; Markel Ventures, Inc., includes controlling interests in a portfolio of businesses that operate outside of the specialty insurance marketplace; Insurance-linked securities, which include investment fund managers that provide investment products, including insurance-linked securities, catastrophe bonds, insurance swaps and weather derivatives; and Program services, which serves as a fronting platform that provides access to property and casualty insurance market.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brett Horn

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