Markel Group: Q3 Earnings Snapshot
GLEN ALLEN, Va. (AP) — GLEN ALLEN, Va. (AP) — Markel Group Inc. (MKL) on Wednesday reported third-quarter earnings of $42.6 million.
On a per-share basis, the Glen Allen, Virginia-based company said it had profit of $3.14. Earnings, adjusted for one-time gains and costs, came to $16.56 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $21 per share.
The insurer posted revenue of $3.38 billion in the period. Its adjusted revenue was $3.64 billion, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $3.66 billion.
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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
