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Markel Group Inc

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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation

Markel Earnings: Investments Pick Up the Slack

Markel produced a solid first quarter. While underwriting results were not impressive, in our view, given current market dynamics, the company had a good showing on the investment side. We will maintain our $1,250 per share fair value estimate for the no-moat company and see the shares as being about fairly valued.

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