Markel Corporation recently reported its second-quarter earnings, and it had a great quarter, improving on a dismal first quarter. The company continues to do a fantastic job of growing the earnings premiums while lowering its combined ratio to grow the profitability of the insurance segment.
The equity portfolio rebounded for a great performance for the quarter, and the fixed-income portfolio also reported a great quarter.
Markel is often compared to a "mini" Berkshire. I can see the comparison, and it is well-warranted.
Let's dive in and learn more about the company.
Overview
Markel Corporation, a