MKL - Markel Corp

[nwoodman]

Q1 Results out.  

Markel Corp - Markel Reports 2021 First Quarter Results

Highlights of results from the quarter include:

• Earned premiums grew 13% in 2021, reflecting continued growth in gross premium volume from new business and more favorable rates.
• The combined ratio for the first quarter of 2021 was 94%, which included $64.3 million, or four points, of net losses and loss adjustment expenses from Winter Storm Uri and $18.6 million, or one point, of net losses and loss adjustment expenses resulting from an increase in our estimate of ultimate losses and loss adjustment expenses attributed to COVID-19. The combined ratio for the first quarter of 2020 included $325.0 million, or 24 points, of net losses and loss adjustment expenses attributed to COVID-19. Excluding these losses attributed to Winter Storm Uri and COVID-19, the 2021 combined ratio reflected meaningful improvement in both our current accident year loss ratio and our expense ratio compared to the first quarter of last year.
• Net investment gains in 2021 reflected an increase in the fair value of our equity portfolio driven by favorable market value movement. Net investment losses in 2020 reflected a decline in the fair value of our equity portfolio at the onset of the COVID-19 pandemic.
• Operating revenues from our Markel Ventures operations in the first quarter of 2021 included significant contributions from Lansing Building Products, which was acquired in the second quarter of 2020.
• Comprehensive income to shareholders for the first quarter of 2021 reflects the contribution of net income, partially offset by decreases in net unrealized gains on our fixed maturity portfolio resulting from increases in interest rates.

[ValueMaven]

I bought some today for the first time actually.  Does anyone know were I can get the price to book on a quarterly basis??  I'd like to start tracking this more closely.  

[Broeb22]

 

1 hour ago, ValueMaven said:

I bought some today for the first time actually.  Does anyone know were I can get the price to book on a quarterly basis??  I'd like to start tracking this more closely.  

https://app.tikr.com/stock/multiples?cid=286393&tid=2628565&ref=5m1d1h

[ValueMaven]

Is there a replay of the Annual Meeting from yesterday?  Thanks!