Markel Group Exceeds Wall Street Expectations in Q4
Markel Group Inc. (MKL) announced a net income of $518.7 million for the fourth quarter, surpassing analysts' forecasts. Earnings per share reached $38.74, while adjusted earnings, excluding non-recurring and investment gains, amounted to $20.51 per share. This outperformed the consensus estimate of $19.54 per share from six analysts surveyed by Zacks Investment Research.
Despite beating earnings expectations, Markel Group's revenue of $3.84 billion fell short of Wall Street predictions. Adjusted revenue, at $3.72 billion, also trailed analysts' consensus of $3.73 billion, as reported by Zacks.
For the full year, the company reported a profit of $2.64 billion, or $199.32 per share, with revenue reaching $14.81 billion.