Markel Group Inc. (MKL) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.957 Good morning and welcome to the Markel Group second quarter 2025 conference call. 00:00:04.957 -- 00:00:07.079 All participants will be in listen-only mode. 00:00:07.079 -- 00:00:11.224 Should you need assistance, please signal a conference specialist by pressing the star 00:00:11.224 -- 00:00:15.990 key followed by the number zero. After today's presentation, there will be an opportunity 00:00:15.990 -- 00:00:20.856 to ask questions. To ask a question, you may press star followed by the number one on 00:00:20.856 -- 00:00:25.622 your touch-tone phone. To withdraw your question, please press star followed by the number 00:00:25.622 -- 00:00:27.762 one again. 00:00:28.043 -- 00:00:31.587 During the call today, we may make forward-looking statements within the meaning of the 00:00:31.587 -- 00:00:34.570 Private Securities Litigation Reform Act of 1995. 00:00:34.570 -- 00:00:36.132 They 00:00:36.132 -- 00:00:40.577 are based on current assumptions and opinions concerning a variety of known and unknown 00:00:40.577 -- 00:00:42.279 risks. 00:00:42.279 -- 00:00:47.204 Actual results may differ materially from those contained in or suggested by such forward-looking 00:00:47.204 -- 00:00:48.726 statements. 00:00:48.726 -- 00:00:53.111 Additional information about factors that could cause actual results to differ materially 00:00:53.111 -- 00:00:57.237 from those projected in the forward-looking statements is included in the press release 00:00:57.237 -- 00:01:04.142 for our second quarter 2025 results, as well as our most recent annual quarterly 00:01:04.164 -- 00:01:09.310 report on Form 10-Q, including under the captions Safe Harbor and Cautionary Statements 00:01:09.310 -- 00:01:14.115 and Risk Factors. We may also discuss certain non-G...