Markel Q4 2021 Earnings Report

Markel's financial performance was marked by record-setting revenues and operating income, driven by strong contributions from insurance, investments, and Markel Ventures.

Key Takeaways

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.

Total Revenue

$2.96B

Previous year: $3.36B