Friday, June 2, 2017

Markel Corp (MKL) - Brief Overview - 38 slides [6/02/2017]

Link to Slide Deck: Markel Corp (MKL) 6/2/2017 (click left)

Quick overview of MKL, how I think about the underlying drivers of the business going forward, decomposing BVPS growth.

Any feedback is welcome  findmevalue@gmail.com

2 comments:

  1. Good deck. Its underappreciated how much the leverage in Markels balance sheet has declined over the years, particularly GWP to SH equity. A natural consequence of retaining all earnings. Interestingly buying Alterra did not fix this, as their leverage was just as low!

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  2. This is a very good presentation. Thanks for sharing it. I have a quick question.

    Why does BRK's float increase every year, but MKL's is almost stagnant?

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