Markel reports 2012 Financial Results
February 5th, 2013
Markel Corporation (NYSE:MKL) today reported its FY 2012 results!
Diluted net income per share was $25.89 in 2012 compared to $14.60 in 2011.
Despite hurricane Sandy which cost $107.4 million or five points of underwriting loss in the 4th quarter, the 2012 combined ratio improved to 97% compared to 102% in 2011.
Book value per common share outstanding , the very important metric in the insurance industry, increased 15% to $403.85 up from $352.10 at the end of 2011.
Let’s wait for the conference call to possibly get some news about the “Alterra deal”!
Categories: Stocks / Aktien