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Markel MKL Other Insurance Discontinued Lines — Underwriting Acquisition And Insurance Expenses

Discontinued — last reported Q3 '16

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BRK.AUnderwriting — Total Costs & Expenses
$19.86B+3.4%

Other financials

Income statement

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Revenue$3.6B+0.1%
Operating income-$273.3M-197%
Net income-$212.3M-274%
EPS (diluted)-$18.90-256%

Balance sheet

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Cash & equivalents$3.7B-12.2%
Total debt$4.4B-0.2%
Total equity$18.1B+5.7%
Total assets$68.6B+6.2%

Cash flow

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Operating cash flow$15.9M-95.8%
CapEx$47.3M+16.1%
Free cash flow-$31.4M-109%

Valuation

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Market cap$23.11B+0.8%
Enterprise value$23.82B+2.9%
P/E13×+0.6×
P/S1.4×-0.1×

Profitability

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Operating margin16.4%-1.7pp
Net margin11%-1.6pp
FCF margin13.6%-0.8pp

Returns & leverage

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Return on equity10.1%-1.2pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Markel in its filing.

Tagged under the XBRL concept mkl:UnderwritingAcquisitionAndInsuranceExpenses.

The official record: Markel’s 10-Q, filed November 1, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does other insurance discontinued lines — underwriting acquisition and insurance expenses mean?
The total administrative and operational costs incurred to manage insurance policies that are no longer being actively sold.
How do you interpret other insurance discontinued lines — underwriting acquisition and insurance expenses?
A decrease indicates improved cost management and efficiency in winding down legacy operations, while an increase suggests rising administrative burdens.
How does other insurance discontinued lines — underwriting acquisition and insurance expenses compare across companies?
Comparable to 'administrative expenses for discontinued operations' or 'run-off management costs' at peer insurance firms.