RICHMOND, Va., Feb. 2, 2022 /PRNewswire/ Markel Corporation (NYSE: MKL) today reported its financial results for the year ended December 31, 2021. The following tables present summary
K Line: Brief report of the the year ended March 31, 2021
1. Qualitative Information and Financial Statement
(1) Qualitative Information about the Consolidated Operating Result
1) Summary of Consolidated Operating Results for FY2020
Due to significant business performance improvement of OCEAN NETWORK EXPRESS PTE. LTD. (hereinafter referred to as “ONE”), the company recorded 118.165 billion yen of equity in earnings of subsidiaries for the fiscal year 2020. Within the recorded equity in earnings of subsidiaries, “ONE” accounted for 119.271 billion yen in consolidated cumulative fourth quarter, and 67.325 billion yen in the fourth quarter alone.
(i) Dry Bulk Segment
Dry Bulk Business
In the Cape-size sector, market rates fell steeply early in the current fiscal year as a result of the combined effects of stagnant economic activity due to the spread of COVID-19 and a decrease in shipments due to unfavorable weather conditions in production locations. However, around the m