13 Virginia (22-6) is tied for second in the ACC at 14-5, while Louisville (4-26) is . While these measures, considered independently of other factors, fall below our internal targets, we remain confident in the strong operating performance of our businesses. Markel Ventures EBITDA is a non-GAAP financial measure. In March 2022, we completed a buy-out transaction with Markel CATCo Re Ltd. (Markel CATCo Re) and Markel CATCo Reinsurance Fund Ltd. (the Markel CATCo Funds) that provided for an accelerated return of all remaining capital to investors in the Markel CATCo Funds and resulted in the consolidation of Markel CATCo Re upon completion of the transaction. Net retention of gross premium volume for our underwriting operations was 83% in 2022 compared to 84% in 2021. This is the schedule of the AGM: 7:30 a.m. - 8:30 a.m. - Networking over coffee (Old Dominion Building) 8:30 a.m. - 9:45 a.m. - Markel C-Suite Conversation (Old Dominion Building) At Markel Corp., we promise to treat your data with respect and will not share your information with any third party. RICHMOND, Va., April 19, 2021 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today that it still plans to hold its 2021 Annual Meeting of Shareholders (the Annual Meeting) in-person at Virginia Credit Union LIVE! The combined contribution to the increase in operating revenues in 2022 attributable to these acquisitions was $604.6 million. By providing your email address below, you are providing consent to Markel Corp. to send you the requested Investor Email Alert updates. The calculation of taxable equivalent total investment return also includes the current tax benefit associated with income on certain investments that is either taxed at a lower rate than the statutory income tax rate or is not fully included in U.S. taxable income. TMC Annual is the most important event of the year for fleet technology and maintenance management professionals. Markel's 2022 Letter to Shareholders "Our culture is based on the idea that our customers, associates, and shareholders all win because of what we do and how we do it," writes CEO, Tom Gayner. Age plays a role, but the causes can include injures, an inactive lifestyle, poor . . By providing your email address below, you are providing consent to Markel Corp. to send you the requested Investor Email Alert updates. We use cookies on our website. This transaction resulted in a gain of $118.5million. A replay of the call also will be available on our website from approximately one hour after the call until Monday, February 13, 2023. Each engine delivered strong operating performance this year, generating an impressive $2.7 billion of operating cash flows," said Thomas S. Gayner, Chief Executive Officer. our expectations about future results of our underwriting, investing, Markel Ventures and other operations are based on current knowledge and assume no significant man-made or natural catastrophes, no significant changes in products or personnel and no adverse changes in market conditions; the effect of cyclical trends on our underwriting, investing, Markel Ventures and other operations, including demand and pricing in the insurance, reinsurance and other markets in which we operate; actions by competitors, including the use of technology and innovation to simplify the customer experience, increase efficiencies, redesign products, alter models and effect other potentially disruptive changes in the insurance industry, and the effect of competition on market trends and pricing; our efforts to develop new products, expand in targeted markets or improve business processes and workflows may not be successful and may increase or create new risks (e.g., insufficient demand, change to risk exposures, distribution channel conflicts, execution risk, increased expenditures); the frequency and severity of man-made and natural catastrophes (including earthquakes, wildfires and weather-related catastrophes) may exceed expectations, are unpredictable and, in the case of wildfires and weather-related catastrophes, may be exacerbated if, as many forecast, changing conditions in the climate, oceans and atmosphere result in increased hurricane, flood, drought or other adverse weather-related activity; we offer insurance and reinsurance coverage against terrorist acts in connection with some of our programs, and in other instances we are legally required to offer terrorism insurance; in both circumstances, we actively manage our exposure, but if there is a covered terrorist attack, we could sustain material losses; emerging claim and coverage issues, changing industry practices and evolving legal, judicial, social and other environmental trends or conditions, can increase the scope of coverage, the frequency and severity of claims and the period over which claims may be reported; these factors, as well as uncertainties in the loss estimation process, can adversely impact the adequacy of our loss reserves and our allowance for reinsurance recoverables; reinsurance reserves are subject to greater uncertainty than insurance reserves, primarily because of reliance upon the original underwriting decisions made by ceding companies and the longer lapse of time from the occurrence of loss events to their reporting to the reinsurer for ultimate resolution; inaccuracies (whether due to data error, human error or otherwise) in the various modeling techniques and data analytics (e.g., scenarios, predictive and stochastic modeling, and forecasting) we use to analyze and estimate exposures, loss trends and other risks associated with our insurance and insurance-linked securities businesses could cause us to misprice our products or fail to appropriately estimate the risks to which we are exposed; changes in the assumptions and estimates used in establishing reserves for our life and annuity reinsurance book (which is in runoff), for example, changes in assumptions and estimates of mortality, longevity, morbidity and interest rates, could result in material changes in our estimated loss reserves for such business; adverse developments in insurance coverage litigation or other legal or administrative proceedings could result in material increases in our estimates of loss reserves; initial estimates for catastrophe losses and other significant, infrequent events (such as the COVID-19 pandemic and the Russia-Ukraine conflict), are often based on limited information, are dependent on broad assumptions about the nature and extent of losses, coverage, liability and reinsurance, and those losses may ultimately differ materially from our expectations; changes in the availability, costs, quality and providers of reinsurance coverage, which may impact our ability to write or continue to write certain lines of business or to mitigate the volatility of losses on our results of operations and financial condition; the ability or willingness of reinsurers to pay balances due may be adversely affected by industry and economic conditions, deterioration in reinsurer credit quality and coverage disputes, and collateral we hold, if any, may not be sufficient to cover a reinsurer's obligation to us; after the commutation of ceded reinsurance contracts, any subsequent adverse development in the re-assumed loss reserves will result in a charge to earnings; regulatory actions can impede our ability to charge adequate rates and efficiently allocate capital; general economic and market conditions and industry specific conditions, including extended economic recessions or expansions; prolonged periods of slow economic growth; inflation or deflation; fluctuations in foreign currency exchange rates, commodity and energy prices and interest rates; volatility in the credit and capital markets; and other factors; economic conditions, actual or potential defaults in corporate bonds, municipal bonds, mortgage-backed securities or sovereign debt obligations, volatility in interest and foreign currency exchange rates and changes in market value of concentrated investments can have a significant impact on the fair value of our fixed maturity securities and equity securities, as well as the carrying value of our other assets and liabilities, and this impact may be heightened by market volatility and our ability to mitigate our sensitivity to these changing conditions; economic conditions may adversely affect our access to capital and credit markets; the effects of government intervention, including material changes in the monetary policies of central banks, to address financial downturns (such as in response to the COVID-19 pandemic), inflation and other economic and currency concerns; the impacts that political and civil unrest and regional conflicts, such as the conflict between Russia and Ukraine, may have on our businesses and the markets they serve or that any disruptions in regional or worldwide economic conditions generally arising from these situations may have on our businesses, industries or investments; the significant volatility, uncertainty and disruption caused by health epidemics and pandemics, including the COVID-19 pandemic and its variants, as well as governmental, legislative, judicial or regulatory actions or developments in response thereto; changes in U.S. tax laws, regulations or interpretations, or in the tax laws, regulations or interpretations of other jurisdictions in which we operate, and adjustments we may make in our operations or tax strategies in response to those changes; a failure or security breach of, or cyberattack on, enterprise information technology systems that we use or a failure to comply with data protection or privacy regulations; third-party providers may perform poorly, breach their obligations to us or expose us to enhanced risks; our acquisitions may increase our operational and internal control risks for a period of time; we may not realize the contemplated benefits, including cost savings and synergies, of our acquisitions; any determination requiring the write-off of a significant portion of our goodwill and intangible assets; the failure or inadequacy of any methods we employ to manage our loss exposures; the loss of services of any senior executive or other key personnel of our businesses could adversely impact one or more of our operations; the manner in which we manage our global operations through a network of business entities could result in inconsistent management, governance and oversight practices and make it difficult for us to implement strategic decisions and coordinate procedures; our substantial international operations and investments expose us to increased political, civil, operational and economic risks, including foreign currency exchange rate and credit risk; our ability to obtain additional capital for our operations on terms favorable to us; our compliance, or failure to comply, with covenants and other requirements under our credit facilities, senior debt and other indebtedness and our preferred shares; our ability to maintain or raise third-party capital for existing or new investment vehicles and risks related to our management of third-party capital; the effectiveness of our procedures for compliance with existing and future guidelines, policies and legal and regulatory standards, rules, laws and regulations; the impact of economic and trade sanctions and embargo programs on our businesses, including instances in which the requirements and limitations applicable to the global operations of U.S. companies and their affiliates are more restrictive than, or conflict with, those applicable to non-U.S. companies and their affiliates; regulatory changes, or challenges by regulators, regarding the use of certain issuing carrier or fronting arrangements; our dependence on a limited number of brokers for a large portion of our revenues and third-party capital; adverse changes in our assigned financial strength, debt or preferred share ratings or outlook could adversely impact us, including our ability to attract and retain business, the amount of capital our insurance subsidiaries must hold and the availability and cost of capital; changes in the amount of statutory capital our insurance subsidiaries are required to hold, which can vary significantly and is based on many factors, some of which are outside our control; losses from litigation and regulatory investigations and actions; investor litigation or disputes, as well as regulatory inquiries, investigations or proceedings related to our Markel CATCo operations; delays or disruptions in the run-off of those operations; or the failure to realize the benefits of the transaction that permitted the accelerated return of capital to our Markel CATCo investors; and. . You can sign up for additional alert options at any time. Generally accepted accounting principles (GAAP) require that we include unrealized gains and losses on equity securities in net income. Further information can be found on the website of Markel Corp. Add to calendar Details Date: 10. Substantially all gross premiums from our program services business and other fronting arrangements were ceded to third parties for the years ended December31, 2022 and 2021. Here you can information on the Markel Annual General Meeting 2022 in Richmond, Virginia. You can sign up for additional alert options at any time. The AGM will be held at 11.00am on Thursday, 11 . Operating cash flows totaled $2.7 billion in 2022, up 19% over 2021, reflecting strong cash inflows from our underwriting operations given the growth in premium volume in recent periods. At Markel Corp., we promise to treat your data with respect and will not share your information with any third party. In addition, we give consideration to the following information in assessing our compound annual growth in book value per common share: Our Insurance engine includes our underwriting, insurance-linked securities, program services and other fronting operations.

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