Markel Corporation reported record-setting 2021 financial results, with significant contributions from its insurance, investments, and Markel Ventures segments. The company's underwriting operations delivered a 90% combined ratio, and Markel Ventures added two new companies while surpassing previous record levels in revenues and EBITDA. The investment portfolio also provided strong returns.
Earned premiums grew 16% due to new business and favorable rates.
Combined ratio improved to 90% due to lower COVID-19 losses and a favorable pricing environment.
Net investment gains increased due to the fair value of equity portfolio.
Markel Ventures' operating revenues, operating income and EBITDA expanded through acquisitions and organic growth.
The release does not contain specific forward guidance. It focuses on the achievements and factors contributing to the record-setting 2021 results.
Visualization of income flow from segment revenue to net income