Author Topic: MKL - Markel Corp  (Read 327126 times)

chrispy

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Re: MKL - Markel Corp
« Reply #740 on: December 02, 2019, 02:03:29 PM »
Interesting to see share price at the same level as 2 years ago despite market up quite a bit. Minimal amount of growth, some oversight issues and a slight drop in PB premium


obtuse_investor

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Re: MKL - Markel Corp
« Reply #741 on: December 02, 2019, 07:04:06 PM »
It has been mainly a compression of multiple. TBH I am quite ok seeing this compounder slowly grow into heady multiple last couple years.
« Last Edit: December 04, 2019, 04:21:36 PM by obtuse_investor »
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chrispy

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Re: MKL - Markel Corp
« Reply #742 on: December 04, 2019, 08:56:00 AM »
I agree, it is becoming more and more appealing. Time to do some research on future earnings power

longterminvestor

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Re: MKL - Markel Corp
« Reply #743 on: January 31, 2020, 08:08:31 AM »
LOOKING FOR SOME HELP.  Markel purchased SureTec Financial for $250MM in 2017.  SureTec is a pure play surety insurance company.  I have tried to find financials for SureTec (Private Co prior to acquisition) - would anyone know where financials for SureTec could be located?  They may not exist but Markel's business of insurance is heavily regulated.  Hoping Markel might have been required to file financials of SureTec post closing of acquisition on some obscure state regulatory website or SEC somewhere (I have looked on sec.gov but was unsuccessful).  Maybe someone can point me in the right direction - I am on a treasure hunt.  Thanks!!
« Last Edit: January 31, 2020, 10:21:34 AM by longterminvestor »

Cigarbutt

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Re: MKL - Markel Corp
« Reply #744 on: January 31, 2020, 10:55:50 AM »
^Here's a regulatory review of the California-based indemnity sub:
http://www.insurance.ca.gov/0250-insurers/0300-insurers/0400-reports-examination/upload/2015ROE-SureTecInsCo-053117.pdf
If your questioning is reasonable and legitimate, why don't you ask them directly for the relevant info?
https://www.suretec.com/

Crip1

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Re: MKL - Markel Corp
« Reply #745 on: February 04, 2020, 07:22:41 PM »

Williams406

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Re: MKL - Markel Corp
« Reply #746 on: February 06, 2020, 04:40:19 AM »
Very nice 2019 results for MKL, though 30% equity returns and 6.5% fixed income returns combined to produce a 14.6% aggregate portfolio return. I'm not going to pencil those kind of numbers in going forward. Still, more comfortable to hold this position (18+ years) at current valuation. 

KFS

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Re: MKL - Markel Corp
« Reply #747 on: March 13, 2020, 01:24:29 PM »

Shane

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Re: MKL - Markel Corp
« Reply #748 on: March 16, 2020, 01:15:19 PM »
Can someone help me understand why MKL is getting particularly punished today?

Spekulatius

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Re: MKL - Markel Corp
« Reply #749 on: March 16, 2020, 01:49:43 PM »
Can someone help me understand why MKL is getting particularly punished today?

Itís not just MKL, TRV and other insurance cos are also getting crushed. I think itís due to the huge rate cut, which is going to impact their fixed income earnings. neither MKL nor TRV are particularly vulnerable because both are more short tail insurers, itís the long tail insurers that canít reprice their policies  and have huge issues.
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