|Last Price$563.33||Day Change (%)1.13%|
|Open Price$559.01||Day Change ($)6.31|
|Day Range558.07–563.99||52-Week Range425.17–564.90|
As of Fri 12/06/2013 04:26 PM EST | USD
Greetings and welcome to the Markel Corporation's Third Quarter 2013 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.
On Tuesday, Markel MKL reported first-half earnings of $16.77 per share, exceeding our expectations. We plan to increase our $425 fair value estimate. In the first half, Markel delivered owners a solid 19.21% annualized return on equity, thanks to a pleasing 9.8% underwriting margin. In addition, ...
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