{"id":703,"date":"2011-05-10T12:30:27","date_gmt":"2011-05-10T10:30:27","guid":{"rendered":"http:\/\/www.blog.asmus-puhl.com\/?p=703"},"modified":"2011-05-10T12:30:27","modified_gmt":"2011-05-10T10:30:27","slug":"markel-reports-q1-2011-earnings","status":"publish","type":"post","link":"http:\/\/www.blog.asmus-puhl.com\/?p=703","title":{"rendered":"Markel reports Q1 2011 Earnings"},"content":{"rendered":"<p style=\"margin-bottom: 0cm;\">Markel Corporation (NYSE: MKL), one of the stocks this blog follows on a regular basis <a href=\"http:\/\/finance.yahoo.com\/news\/Markel-Reports-First-Quarter-prnews-2567969743.html?x=0&amp;.v=1\" target=\"_blank\">reported first quarter 2011 results:<\/a><\/p>\n<p style=\"margin-bottom: 0cm;\">\n<p style=\"margin-bottom: 0cm;\">The company posted sharply lower earnings to shareholders of $ 8 million compared to $ 43 million in 2010.<\/p>\n<p style=\"margin-bottom: 0cm;\">\n<p style=\"margin-bottom: 0cm;\">The combined ratio jumped to 112% from 101% last year due mainly to natural catastrophes including the Australian floods, the earthquake in New Zealand and the Japanese earthquake and subsequent tsunami.<\/p>\n<p style=\"margin-bottom: 0cm;\">But do not forget that historically the first quarter is Markel&#8217;s lowest cash and earning quarter as they are paying employee benefit, agent incentives, pension contributions etc.<\/p>\n<p style=\"margin-bottom: 0cm;\">\n<p style=\"margin-bottom: 0cm;\">As a positive sign book value\/share increased to $ 329 from $ 326 at yearend 2010!<\/p>\n<p style=\"margin-bottom: 0cm;\">\n<p style=\"margin-bottom: 0cm;\">At yesterday&#8217;s share price of $ 405 Markel trades at a price\/book value of only 1.2!<\/p>\n<p style=\"margin-bottom: 0cm;\">That&#8217;s historically cheap! Why not profit from current negative sentiment and snap up some shares of this high quality company at a good price?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markel Corporation (NYSE: MKL), one of the stocks this blog follows on a regular basis reported first quarter 2011 results: The company posted sharply lower earnings to shareholders of $ 8 million compared to $ 43 million in 2010. The combined ratio jumped to 112% from 101% last year due mainly to natural catastrophes including [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","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\/703"}],"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=703"}],"version-history":[{"count":10,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/703\/revisions"}],"predecessor-version":[{"id":713,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/703\/revisions\/713"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=703"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}