Markel Group Inc. (MKL) Q2 2023 Earnings Call Transcript

Markel Group Inc. (NYSE:MKL) Q2 2023 Earnings Conference Call August 3, 2023 9:30 AM ET

Company Participants

Tom Gayner – Chief Executive Officer

Teri Gendron – Chief Financial Officer

Jeremy Noble – President-Insurance

Conference Call Participants

Mark Hughes – Truist

John Fox – Fenimore Asset Management

Scott Heleniak – RBC Capital Markets


Good morning, and welcome to the Markel Group Second Quarter 2023 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 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 caption Safe Harbor and Cautionary Statements and Risk Factors.

We may also discuss certain non-GAAP financial measures during 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 in the Investor Relations section. Please note, this event is being recorded.

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

Tom Gayner

Good morning. Thank you. From Richmond, Virginia, I’d like to welcome you to the Markel Group’s second quarter conference call. This is indeed Tom Gayner, has served as your CEO, and it is my pleasure to welcome you

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