Markel: Buybacks Are A Good Sign

Andrii Dodonov Introduction Per Markel Group Inc.'s (NYSE:MKL) 2019 annual report, their first engine is insurance, the second is Markel Ventures, and the third is investments. The insurance engine struggled in 2023. Markel's consolidated combined ratio increased from 92% in 2022 to 98% in 2023 and consolidated underwriting profits dropped from $627 million in 2022 to$133 million in 2023. Nonetheless, the insurance engine from 2023 isn't the whole picture. The Markel Ventures engine and the investment engi ...