Markel: 3Q Earnings Snapshot
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.