{"id":2119,"date":"2020-02-06T15:53:45","date_gmt":"2020-02-06T13:53:45","guid":{"rendered":"http:\/\/www.blog.asmus-puhl.com\/?p=2119"},"modified":"2020-02-06T15:53:45","modified_gmt":"2020-02-06T13:53:45","slug":"markels-tremendous-year-2019","status":"publish","type":"post","link":"http:\/\/www.blog.asmus-puhl.com\/?p=2119","title":{"rendered":"Markel’s Tremendous Year 2019!"},"content":{"rendered":"\n

Markel Corp. (NYSE:MKL) yesterday reported FY 2019 results!<\/a> What a tremendous year that was!<\/p>\n\n\n\n

Markel reported an 40% increase of operating revenue from $6.8 billion in 2018 to $9.5 billion in 2019.
\nDiluted net income per share was $129.07 for the year ended December31, 2019 compared to diluted net loss per share of $9.55 in 2018. <\/p>\n\n\n\n

Comprehensive income which includes book value gains and losses from investments made a big jump to $2.1 billion 2019 compared to a comprehensive loss to shareholders of $375.8 million in 2018. <\/p>\n\n\n\n

The combined ratio was 94% in 2019 compared to 98% in 2018 thanks to less catastrophic losses from the hurricanes in 2018. <\/p>\n\n\n\n

Book value per common share outstanding the all important metric in the insurance industry, was $802.59 at December31, 2019 compared to $653.85 at December31, 2018. <\/p>\n\n\n\n

Thomas Gaynor and Richard Whitt, the co-chief executive officers described 2019 as a record-setting year for Markel:<\/p>\n\n\n\n

“Gross written premiums from our underwriting operations surpassed $6 billion and within our Markel Ventures operations, revenues surpassed $2 billion” <\/p>\n\n\n\n

“Gains on our investment portfolio were just under $2 billion, driving record comprehensive income and book value per share.” <\/p>\n\n\n\n

The tremendous runup of the stock market in 2019 clearly made these results possible. <\/p>\n\n\n\n

Not surprisingly Markel’ stock jumped 5.6% on that news at yesterday’s closing!<\/p>\n\n\n\n

Markel is now valued at a price\/book ratio of 1.6 which is certainly “fully valued”. Markel is a \u201ebuy\u201c but only with a time horizon not under 5 years.<\/p>\n","protected":false},"excerpt":{"rendered":"

Markel Corp. (NYSE:MKL) yesterday reported FY 2019 results! What a tremendous year that was! Markel reported an 40% increase of operating revenue from $6.8 billion in 2018 to $9.5 billion in 2019. Diluted net income per share was $129.07 for the year ended December31, 2019 compared to diluted net loss per share of $9.55 in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/2119"}],"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=2119"}],"version-history":[{"count":5,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/2119\/revisions"}],"predecessor-version":[{"id":2124,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/2119\/revisions\/2124"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2119"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}