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Markel Group Inc

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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation

Markel Delivers Solid Third Quarter

Markel delivered a solid third quarter, with relatively strong underwriting results partially offset by modest investment losses. While the company saw something of a turn on the investment side, strong gains on its equity holdings have led to an 11% increase in book value per share year to date. We will maintain our $1,096 fair value estimate and no-moat rating.

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