Jun. 20 at 11:00 AM
$MKL has
$2.79 Billion in cash. For a
$25 Billion company, 10% Cash is pretty impressive. With their new emphasis on writing International Insurance on unusual things like Skyscrapers and Ships, more threats Internationally tend to send premiums sky high. This is a lever that
$BRK.B doesn’t necessarily have. From an Insurance point of view, Markel is in a great spot. Their Cash on hand is underrated vs. Berkshire because it just sounds so much smaller.
Relatively speaking, it’s better than almost all companies compared to Market Cap………..besides Berkshire.
Markel is a clone of Berkshire Hathaway.