Markel Group Inc

MKL: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$9,174.00	Qzgl	Ndqnstcn

Markel Sees Strong Finish to the Year

Brett Horn

Feb 3, 2022

Markel closed out a fairly strong year on a solid note, with the company continuing to see traction on the underwriting side, and we think favorable industry conditions will remain a tailwind for the company as it enters 2022. This, in combination with attractive investment results this year, led to book value per share growth of 17% this year. We will maintain our $1,171 fair value estimate and no-moat rating.

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