Markel Corporation (MKL) Q1 2022 Earnings Call Transcript

For the period ending March 31, 2022

April 27, 2022 9:30 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good morning. And welcome to the Markel Corporation’s First Quarter 2022 Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]

During the call today, we may make forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. They are based on current assumptions and opinions concerning a variety of known and unknown risks.

Actual results may differ materially from those contained in or suggested by such forward-looking statements. Additional information about factors that could cause actual results to differ materially from these projected -- from those projected in the forward-looking statements is included in our most recent annual report on Form 10-K and quarterly report on Form 10-Q, including under the captions Risk Factors and Safe Harbor and Cautionary Statement.

We may also discuss certain non-GAAP financial measures in the call today. You may find the most directly comparable GAAP measures and a reconciliation to GAAP for these measures in our most recent Form 10-Q. Our Form 10-K and Form 10-Q can be found on our website at www.markel.com in the For Investors section. Please note this event is being recorded.

I would now like to turn the conference over to Tom Gayner, Co-Chief Executive Officer. Please go ahead.

Tom Gayner

Thank you, Andrea. Good morning. This is indeed Tom Gayner and it is my pleasure to welcome you to the first quarter Markel Corporation conference call. I am joined today by our Co-CEO, Richie Whitt; and our CFO, Jeremy Noble.

As always, our objective is to share the news from some of our most recent financial statements, and more importantly, answer any questions you might have about Markel and the circumstances of your company. We always look forward to your thoughtful questions.

In addition to this call, we have got two other events coming up that have offered up as chances to spend meaningful time with management. First, this weekend, we will be heading back to Omaha to attend the Berkshire Hathaway Annual Meeting as we have done for decades. We will be hosting our annual Sunday brunch at 10 a.m. at the Marriott next to the convention center and if you can join us, we would love to see you. We take questions for a couple of hours that day and we absolutely love the chance to spend time with fellow long-term investors in Omaha during Berkshire weekend.