Author Topic: MKL - Markel Corp  (Read 302947 times)

Liberty

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Re: MKL - Markel Corp
« Reply #10 on: February 02, 2011, 01:57:35 PM »
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Parsad

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Re: MKL - Markel Corp
« Reply #11 on: February 02, 2011, 03:15:54 PM »
Good report.  Nothing surprising.  Cheers!
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Liberty

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Re: MKL - Markel Corp
« Reply #12 on: February 03, 2011, 07:22:05 AM »
The MKL conf call begins in 10 minutes (10:30 ET):


http://phx.corporate-ir.net/phoenix.zhtml?c=104364&p=irol-irhome
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Liberty

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Re: MKL - Markel Corp
« Reply #13 on: February 28, 2011, 05:24:09 PM »
2010 annual report is out:

http://phx.corporate-ir.net/phoenix.zhtml?c=104364&p=irol-reportsAnnual

Update:

I thought this was a good observation:

Quote
Finally, one of the many perverse features of the
insurance industry is the mislabeling of riskiness and
capital adequacy. Right now, prices are falling and
premium to surplus ratios are declining. This makes it
look like the industry is more overcapitalized and less
risky as it charges lower prices to assume the same risks.

When prices start to rise, premium to surplus ratios will
rise and rating agencies, regulators and analysts will
state that the industry is becoming riskier and less
capital adequate as it charges higher prices to assume
the same risks.

In short, this is idiotic.
« Last Edit: February 28, 2011, 07:38:28 PM by Liberty »
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zippy1

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Re: MKL - Markel Corp
« Reply #14 on: March 01, 2011, 06:06:49 AM »
Quote
Finally, one of the many perverse features of the
insurance industry is the mislabeling of riskiness and
capital adequacy. Right now, prices are falling and
premium to surplus ratios are declining. This makes it
look like the industry is more overcapitalized and less
risky as it charges lower prices to assume the same risks.

When prices start to rise, premium to surplus ratios will
rise and rating agencies, regulators and analysts will
state that the industry is becoming riskier and less
capital adequate as it charges higher prices to assume
the same risks.

In short, this is idiotic.

This is a very interesting.  I always thought that in the soft market, an insurance company should write less.  However, from the above, I can't be more wrong. An insurance company could be taking on more risk, same risk or less risk even though the premium written is lower.

What would be a practical way to tell whether a company is intentionally writing less to take less risk or just writing for less, when the written premium is down?


Bronco

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Re: MKL - Markel Corp
« Reply #15 on: March 01, 2011, 06:27:40 AM »
Anyone have an IV on MKL?

jeffmori7

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Re: MKL - Markel Corp
« Reply #16 on: March 01, 2011, 07:57:58 PM »
Once again an interesting read. This letter, with the discussion about the way they evaluate their IV, the discussion about Markel Venture, is quite similar to the last Buffett letter. They are really trying to build a mini-Berkshire here and let's hope they are successful.

stahleyp

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Re: MKL - Markel Corp
« Reply #17 on: March 02, 2011, 06:13:29 AM »
anyone know why steven markel is always unloading a ton of his shares?
Paul

Liberty

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Re: MKL - Markel Corp
« Reply #18 on: March 08, 2011, 07:47:08 AM »
Gurufocus has an overview of MKL:

http://www.gurufocus.com/news.php?id=124999

No big insights. Most people here probably know all this. But if you are new to MKL, this might give you an idea of what they're doing.
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Liberty

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Re: MKL - Markel Corp
« Reply #19 on: March 22, 2011, 09:39:41 AM »
http://phx.corporate-ir.net/phoenix.zhtml?c=104364&p=irol-newsArticle&ID=1541682&highlight=


Quote
Markel Announces Ellicott Acquisition of Rohr
RICHMOND, Va., March 22, 2011 /PRNewswire via COMTEX/ --

Markel Corporation (NYSE: MKL) announced today that Ellicott Dredge Enterprises, LLC, a Markel Ventures company, has acquired the European and U.S. operations of Rohr Bagger GmbH and its affiliates. Terms of the transaction were not disclosed.

The Rohr companies are leading manufacturers of automated floating clamshell and bucket ladder dredge systems for the sand and gravel and aggregates industries.

Ellicott is a world leader in the portable dredge design and manufacturing industry with customers in over 80 countries.

Markel Corporation is a diverse financial holding company serving a variety of niche markets. In each of these markets, Markel seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value.
"Most haystacks don't even have a needle." |  I'm on Twitter  | This podcast episode is a must-listen