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Markel Corporation CEO Discusses Q3 2011 Results - Earnings Call Transcript

Markel Corporation ( MKL)

Q3 2011 Earnings Call

November 8, 2011 10:30 a.m. ET

Executives

Tom Gayner - President & CIO

Anne Waleski - VP, CFO & Treasurer

Richie Whitt - President & Co-COO

Analysts

Vincent DeAugustino – Stifel Nicolaus

Mark Dwelle– RBC Capital Markets

Jack (Schrack) – Suntrust

Wendy Hauser-Martel Corporation

Presentation

Operator

Greetings and welcome to the Markel Corporation third quarter 2011 earnings conference call. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions).

As a reminder this conference is being recorded.

It is now my pleasure to introduce your host, Tom Gayner, Chief Investment Officer for Markel Corporation. Thank you. Mr. Gayner you may begin.

Tom Gayner

Thank you, Devin, good morning. It is my pleasure to welcome you to the Markel Corporation's third quarter conference call. Thank you for joining us.

On today's call we will follow our normal line-up with Anne Waleski leading up with the financial results, followed by Richie Whitt with operational comments. Mike Crowley is unable to join us today, so Richie will share and cover his comments. Then I will discuss our investing and non-insurance activities.

After everyone’s comments, we’ll be all available for your questions. Before we begin, I am duty bound to remind you that during today's call, we may make forward-looking statements. Additional information about factors that could cause actual results to differ materially from those projected in the forward-looking statements is described under the captions Risk Factors and Safe Harbor and Cautionary Statement in our most recent annual report on Form 10-K and quarterly report Form on 10-Q.

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