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Markel Earnings, RS Insurance Favorites

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November 06, 2010 – Comments (3)

One of my favorite insurers reported earnings yesterday:

http://phx.corporate-ir.net/phoenix.zhtml?c=104364&p=iro...

You read a lot about Markel all over our Foolish universe and it really is one of my favorite investments. I went to their annual meeting this year and really got a lot out of it. Seeing as it is so close by (Richmond), I will probably start making it an annual affair. I posted up my notes from the meeting here on the blog:

http://caps.fool.com/Blogs/the-markel-annual-meeting/389733

A snippet from CEO Alan Kirshner in the earnings release:

"The growth in book value has benefited from the increase in value of our investment portfolio and a return to underwriting profitability. Despite a competitive market, we believe these results demonstrate our ability and commitment to build long-term shareholder value during all market cycles."

This is another one of those "buy it and hold probably forever" type investments. I do own it personally and will continue to add a little here and there on dips. Probably won't see me recommending it for this portfolio as it is so well-known already and I want to throw some new ideas out there. That said, I think a solid insurer is an essential for any portfolio and there is another one I have in mind. Any ideas who it may be? I will give you a hint...it is NOT Berkshire Hathaway.

Fool on!

Jason (long MKL, BRK/B)

3 Comments – Post Your Own

#1) On November 06, 2010 at 4:11 PM, MegaEurope (< 20) wrote:

MRH?

That's the only other insurer you have green thumbed besides MKL and BRK.

(My first guess before checking your scorecard was Fairfax.)

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#2) On November 06, 2010 at 8:31 PM, TMFJMo (72.43) wrote:

I like and appreciate your logic. That said, it is not one of my CAPS picks.

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#3) On November 07, 2010 at 2:27 PM, MegaEurope (< 20) wrote:

Aspen (AHL), recently highlighted at the Value Investing Congress?

Symetra (SYA)?  Berkshire Hathaway and WTM own a big chunk of SYA.  I think they are the cheapest US insurer.

If it's not one of those I give up, there are too many insurers to guess.

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