Q3 results

[MMM20]

10 hours ago, SafetyinNumbers said:

Maybe it’s because of Viking’s email or becsuse MKL was so disappointing but RBC is now calling FFH one of its preferred names taking over for MKL.

 

 

 

Maybe the catalyst for FFH to rerate to ~1.4x book (low teens normalized earnings) is the marginal MKL shareholder (re)discovering FFH.

 

As a noted MKL hater, nothing would please me more.

 

Edited November 14, 2023 by MMM20

[Luke]

3 minutes ago, MMM20 said:

 

Maybe the catalyst for FFH to rerate to ~1.4x book (low teens normalized earnings) is the marginal MKL shareholder (re)discovering FFH.

 

As a noted MKL hater, nothing would please me more.

 

I left BRK and Markel for FFH around a year ago, BRK only a 5% position left (sry @buffett) 

[gfp]

Not sure if there is any interest here but for the curious, here is Odyssey Re's Q3 NAIC filing - tables on investments are towards the end.

 

23680.2023.P.Q3.P.O.3.4626988.pdf