Markel Group Inc

MKL: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$3,734.00	Nfpsp	Drrnkyn

Investments Weigh on Markel’s Results in Third Quarter

Brett Horn

Nov 2, 2022

Negative marks on the investment portfolio weighed on Markel in the third quarter, and we think results this year support our view that Markel's investment approach carries some risk. However, the company's underwriting performance was solid. We will maintain our $1,203 fair value estimate and no moat rating.

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