Markel (NYSE:MKL), Berkshire Hathaway (NYSE:BRK-B), and RLI (NYSE:RLI) are all very different businesses, but all of these companies have five things in common. In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analyst David Hanson is joined by Stock Advisor analyst Brendan Mathews to discuss his checklist of things to look for before you buy shares of a P&C insurer. This five key areas are:

  • Management
  • Underwriting
  • Reserves
  • Investments
  • Valuation

Brendan Mathews owns shares of Berkshire Hathaway, Markel, and RLI.. David Hanson owns shares of Markel. The Motley Fool recommends Berkshire Hathaway and Markel. The Motley Fool 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.