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Markel's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Call Start: 10:30

Call End: 11:36

Markel Corporation (MKL)

Q4 2011 Earnings Call

February 2, 2012 10:30 a.m. ET


Thomas Gayner – President & CIO

Anne Waleski – VP, CFO & Treasurer

Richard Whitt – President & Co-COO


Arash Soleimani – Stifel Nicolaus

Mark Hughes – Suntrust Investment

Mark Dwelle – RBC Capital Markets

Jeffrey Cohen – Bank of America/Merrill Lynch

David West – Davenport and Company

Ron Bobman – Capital Returns



Greetings and welcome to Markel Corporation’s Fourth Quarter 2011 Earnings Call. [Operator Instructions] It is now my pleasure to introduce your host, Mr. Tom Gayner, President of Markel Corporation. Thank you. Mr. Gayner, you may begin.

Tom Gayner

Thank you Lewis, good morning. This morning I have the dual honor of wishing you Happy Groundhog Day and welcome you to the Markel Corporation 2011 fourth quarter conference call. We appreciate you joining us, and we look forward to update you on our progress at Markel and answering your thoughtful questions about our business.

As is our custom, Anne Waleski our Chief Financial Officer will update you on the numbers. My co-president Richie Whitt and Mike Crowley will update you on insurance operations and then I will speak about our investment operations in Markel ventures.

Before jumping in the rule say that I must take a little swim in the Safe Harbor. As such here it goes.

During our call today, 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 and on pages 6 to 8 of our press release dated February 1, 2012.

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