{"id":2075,"date":"2019-05-03T10:57:31","date_gmt":"2019-05-03T08:57:31","guid":{"rendered":"http:\/\/www.blog.asmus-puhl.com\/?p=2075"},"modified":"2019-05-03T10:57:31","modified_gmt":"2019-05-03T08:57:31","slug":"markel-is-off-to-a-very-good-start-in-2019","status":"publish","type":"post","link":"http:\/\/www.blog.asmus-puhl.com\/?p=2075","title":{"rendered":"Markel is off to a very good start in 2019"},"content":{"rendered":"\n

<\/h2>\n\n\n\n

Markel (NYSE:MKL) the speciality insurer released very good results for Q1 2019.<\/a><\/p>\n\n\n\n

This is encouraging after the hefty swings of the share price from an all time high of $ 1’217.82 in August 2018 down to $ 957 in January 2019 and now up again to $ 1061,05<\/p>\n\n\n\n

Since the beginning of 2018 incertainty\ncame from the ongoing governmental inquiries into the loss reserves\nof the \u201eCatCo business\u201c which today seem to be behind them.<\/p>\n\n\n\n

Book value\/share rose from $ 671.05 in\nthe prior year quarter to $ 706.98 , an increase of 5.4% and the\ncombined ratio was 95% compared to 90% in the 1st<\/sup> quarter\n2018.<\/p>\n\n\n\n

Operating revenue growth of 56.9% yoy\nfrom $1.575 billion to $ 2.472 billion is certainly an impressing\nnumber but can largely be explained by accounting rules: \n<\/p>\n\n\n\n

Markel\nevery quarter has to adjust the fair value of their equity securities\nto market prices. As the equity market recovered in Q1 2019 $611.5\nmillion increase in operating revenue can be explained by this\nincrease.<\/p>\n\n\n\n

\nAt\nMarkel’s investment operations net investment income increased 5.7%\nyear over year, to $114.2 million.<\/p>\n\n\n\n

\nAt\nMarkel Ventures operating revenue grew 16.1% to $455 billion and\noperating income grew 25.8% to $29.9 million<\/p>\n\n\n\n

\nMarkel\nis cautiously optimistic about the remainder of this year!<\/p>\n\n\n\n

\nAt\na price\/book value per share ratio of 1.5 Markel’stock remains a buy!<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Markel (NYSE:MKL) the speciality insurer released very good results for Q1 2019. This is encouraging after the hefty swings of the share price from an all time high of $ 1’217.82 in August 2018 down to $ 957 in January 2019 and now up again to $ 1061,05 Since the beginning of 2018 incertainty came […]<\/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\/2075"}],"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=2075"}],"version-history":[{"count":2,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/2075\/revisions"}],"predecessor-version":[{"id":2077,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/2075\/revisions\/2077"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2075"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}