Скачать или смотреть 2024 Reunion - Q&A

This video is a replay of just the Q&A portion of the 2024 “Being There” Reunion Meeting. Please note we experienced some sound quality issues in the beginning portion of the Q&A, which did not continue throughout.

Each spring in Richmond, Virginia, we invite customers, shareholders, associates, community members, and friends worldwide to gather, connect, learn, and have fun.

We call this event the Markel Group Reunion.

Comprised of two days of events, including a Walk & Run, the Forum panels, the Meeting, and the Reception, among other gatherings, the Reunion offers an unparalleled opportunity to better get to know the Markel Group and the community around it.

Learn more at: www.mklreunion.com.

Chapters:
00:00 Opening music
01:00 Recognizing the team behind the event
04:25 Attendees from 22 countries and45 states
04:58 Beginning financial slides
05:13 Slide 1 Investment portfolio overview
06:00 Portfolio growth explanation
07:00 Operating businesses and earnings model
08:36 Slide 2 Five year performance metrics
09:53 Slide 3 Share repurchases and intrinsic value
11:14 Q&A instructions
12:11 First question introduction
13:02 Q1 Record income and stock reaction
17:10 Q2 Comparing Markel to Berkshire and long term vision
20:29 Q3 Competition in specialty insurance
30:42 Q4 Culture hybrid work and the Markel Style
36:10 Q5 Employee stock purchase plan
38:41 Q6 Markel Ventures lessons and returns
47:47 Q7 A deal they passed on
51:42 Q8 Becoming one of the world’s great companies
55:10 Q9 Waking up 40 years later and what to ask
58:09 Q10 AI strategy and future capabilities
1:02:17 Q11 Casualty reserves inflation and redundancy
1:09:33 Q12 What Ventures looks for and long term strategy
1:14:15 Q13 Nefila ILS fees and redemptions
1:18:36 Q14 Manufactured housing strategy
1:20:30 Closing remarks