Deep Dive: Bill Mann Discusses Markel Corporation
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Show Notes
This week on our deep dive episode we talked to Bill Mann, who has been a longtime analyst and investor over at the Motley Fool. We discussed Markel Corporation with Bill, and asked him these questions:
When did you first come across Markel?
What is Markel? Why has it been a 100-bagger since its IPO in the late ’80s?
Insurance: What are the key metrics to track? What is a specialty insurer? What is ILS?
Investments: Looks like they are required to file a 13F. What do you think of the portfolio overall and what do you think about Berkshire being their largest holding?
Markel Ventures: Is there a specific strategy to what they buy? Or just what will create shareholder value?
Gross written premiums and operating revenues are up around 3x since 2013. What has enabled this growth?
Similarities and differences to Berkshire Hathaway.
Valuation. How do you go about valuing a complicated conglomerate like Markel?
Management is vital for a company like Markel. Who are the important executives? What are your thoughts on them?
Premortem: What could cause Markel to be a poor investment from here?
Disclosure: The author and podcast guests are not your financial advisors. Ryan Henderson and Brett Schafer are general partners and portfolio managers at Arch Capital. Clients of Arch Capital may hold securities discussed on this show.