{"id":962,"date":"2012-08-16T12:08:18","date_gmt":"2012-08-16T10:08:18","guid":{"rendered":"http:\/\/www.blog.asmus-puhl.com\/?p=962"},"modified":"2012-08-16T12:08:18","modified_gmt":"2012-08-16T10:08:18","slug":"markels-combined-ratio-improved-in-q2-2012","status":"publish","type":"post","link":"http:\/\/www.blog.asmus-puhl.com\/?p=962","title":{"rendered":"Markel&#8217;s combined ratio improved in Q2 2012!"},"content":{"rendered":"<p style=\"text-align: justify;\">Markel Corporation (NYSE: MKL) released its Q2 2012 earnings and the most important news is certainly the improved combined ratio:<\/p>\n<p style=\"text-align: justify;\">It&#8217;s down to a remarkable 87% instead of 103% in the same period last year!<\/p>\n<p style=\"text-align: justify;\">Ok, this year&#8217;s quarter was \u201edisaster-free&#8221; but nevertheless it seems that the US insurance market is improving.<\/p>\n<p style=\"text-align: justify;\">60% of Markel&#8217;s stockholder&#8217;s equity is now invested in stocks. So Markel would profit directly from the next stock market upturn.<\/p>\n<p style=\"text-align: justify;\">For more details and all the numbers have a look at the <a href=\"http:\/\/seekingalpha.com\/article\/807041-markel-corporation-management-discusses-q2-2012-results-earnings-call-transcript?source=yahoo\" target=\"_blank\">earnings call transcript at Seeking Alpha.<\/a><\/p>\n<p style=\"text-align: justify;\">Book value\/share,  the most important metric to value an insurance company, improved also 7.9 % from $ 352.10 to $ 379.88 this year.<\/p>\n<p style=\"text-align: justify;\">So Markel&#8217;s stock sells for 1.1 book value at yesterday&#8217;s price of $ 432.25.<\/p>\n<p style=\"text-align: justify;\">Rather cheap isn&#8217;t it? A &#8220;buy rating&#8221; seems more than justified!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markel Corporation (NYSE: MKL) released its Q2 2012 earnings and the most important news is certainly the improved combined ratio: It&#8217;s down to a remarkable 87% instead of 103% in the same period last year! Ok, this year&#8217;s quarter was \u201edisaster-free&#8221; but nevertheless it seems that the US insurance market is improving. 60% of Markel&#8217;s [&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\/962"}],"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=962"}],"version-history":[{"count":9,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/962\/revisions"}],"predecessor-version":[{"id":971,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/962\/revisions\/971"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=962"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}