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Markel: 3Q Earnings Snapshot

October 30, 2019 GMT

GLEN ALLEN, Va. (AP) _ Markel Corp. (MKL) on Tuesday reported third-quarter earnings of $193.4 million.

The Glen Allen, Virginia-based company said it had net income of $13.95 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $7.55 per share.

The insurer posted revenue of $2.03 billion in the period. Its adjusted revenue was $2 billion, which met Street forecasts.

Markel shares have increased slightly more than 9% since the beginning of the year. The stock has increased 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MKL at https://www.zacks.com/ap/MKL