Markel (NYSE:MKL), a niche insurance company that many investors view as a "Baby Berkshire Hathaway" (NYSE:BRK-B) due to its value investing style that mirrors many of Warren Buffett's decisions, has reported its quarterly earnings. In this video, Motley Fool financial analyst Matt Koppenheffer breaks down that earnings report, discusses leadership at the company, and tells us just how many similarities there are between Markel and Berkshire.

Matt Koppenheffer owns shares of Berkshire Hathaway and Markel. The Motley Fool recommends and owns shares of Berkshire Hathaway and Markel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.