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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.
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.