Message Font: Serif | Sans-Serif
No. of Recommendations: 2
FWIW ...

Markel filed a 13-F with the SEC a few days ago. The value of the equity portfolio since 12/31/2012 has increased by about $200 million, or 8.4%. This is worth about $130 million net of deferred tax liability of 35%. If we add this $130 million to pro-forma book value of $5.97 billion at 12/31/12, we get to shareholders equity of about $6.1 billion today. Divided by pro-forma shares outstanding of about 13.8 million indicates current book value of about $442/share meaning that the stock trades around 1.11x current book value.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.