{"id":2049,"date":"2018-11-02T12:48:55","date_gmt":"2018-11-02T10:48:55","guid":{"rendered":"http:\/\/www.blog.asmus-puhl.com\/?p=2049"},"modified":"2018-11-02T12:48:55","modified_gmt":"2018-11-02T10:48:55","slug":"markel-released-good-q3-2018-results","status":"publish","type":"post","link":"http:\/\/www.blog.asmus-puhl.com\/?p=2049","title":{"rendered":"Markel released good Q3 2018 results!"},"content":{"rendered":"<p>Markel Corp. our speciality insurer <a href=\"https:\/\/www.markelcorp.com\/About-Markel\/NewsRoom\/Reuters2374302\" target=\"_blank\" rel=\"noopener\">reported good Q3 2018 results<\/a>!<\/p>\n<p>Book value per share was $704.70 ,3% higher than the $683.55 reported december 31, 2017<\/p>\n<p>The combined ratio was 99% for the third quarter of 2018 compared to 134% for the third quarter of 2017 and included $75.7 million, or six points of underwriting losses from Hurricane Florence and Typhoon Jebi.<\/p>\n<p>Comprehensive income made a big jump from a comprehensive loss of $19.9 million in Q3 2017 to $315.1 million this quarter.<\/p>\n<p>This was largely due to the strong performance of the equity portfolio while the fixed income portfolio was unfavorably impacted by rising interest rates.<\/p>\n<p>Markel Ventures also released good numbers: Operating income more than tripled, to $23.6 million and in october they acquired 90% of fashion-handbag specialist Brahmin Leather Works for $173.3 million.<\/p>\n<p>Another acquisition has already been announced in August: Nephila Holdings Limited, a Bermuda-based investment manager with $12 billion in assets under management, for $975 million in cash<\/p>\n<p>These were once again solid numbers and Markel continues to grow by acquisitions.<\/p>\n<p>The book value\/share ratio stands at 1.5 which is not too expensive for a high quality company like Markel.<\/p>\n<p>This stock remains a \u201ebuy\u201c!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markel Corp. our speciality insurer reported good Q3 2018 results! Book value per share was $704.70 ,3% higher than the $683.55 reported december 31, 2017 The combined ratio was 99% for the third quarter of 2018 compared to 134% for the third quarter of 2017 and included $75.7 million, or six points of underwriting losses [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/2049"}],"collection":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2049"}],"version-history":[{"count":5,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/2049\/revisions"}],"predecessor-version":[{"id":2054,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/2049\/revisions\/2054"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2049"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}