reported excellent Q3 2021 results:<\/a><\/p>\n\n\n\n“Our third quarter and year-to-date results reflect the strength and balance of our three-engine operating model of insurance, investments and Markel Ventures,” said Thomas S. Gayner and Richard R. Whitt, Co-Chief Executive Officers.<\/p>\n\n\n\n
Earned premiums grew 17% for the 3rd quarter, reflecting continued growth in gross premium volume from new business and more favorable rates.<\/p>\n\n\n\n
The combined ratio for the 3rd quarter 2021 included $114.4 million, or seven points of net losses and loss adjustment expenses attributed to natural catastrophes.
The ratio improved to 93% from 97% quarter over quarter.<\/p>\n\n\n\n
Looking at the “second engine\u201c, net investment gains for the nine months ended September 30, 2021 reflected a substantial increase in the fair market value of our equity portfolio driven by favorable market value movements during 2021.<\/p>\n\n\n\n
And the Markel Ventures businesses continue to grow and add value. They added Buckner HeavyLift Cranes to the group in the third quarter.<\/p>\n\n\n\n
The all important metric of the insurance industry book value per common share outstanding came in at $ 988.99 up from $ 885.72 in the 3rd quarter 2020.<\/p>\n\n\n\n
Markel remains a stable long term investment. A significant upturn of this company eventually will be seen when interest rates continue to rise which will improve the results of the fixed income segment of their investment portfolio.<\/p>\n\n\n\n
Markel is valued at 1.3 price \/ book value which is not too expensive.
Markel is a buy for longterm investors!<\/p>\n","protected":false},"excerpt":{"rendered":"
Sometimes continued success can be a little boring\u2026 Markel Corp.(NYSE:MKL) reported excellent Q3 2021 results: “Our third quarter and year-to-date results reflect the strength and balance of our three-engine operating model of insurance, investments and Markel Ventures,” said Thomas S. Gayner and Richard R. Whitt, Co-Chief Executive Officers. Earned premiums grew 17% for the 3rd […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[16],"_links":{"self":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/2234"}],"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=2234"}],"version-history":[{"count":4,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/2234\/revisions"}],"predecessor-version":[{"id":2238,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/2234\/revisions\/2238"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2234"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}