Markel Group: Q2 Earnings Snapshot

Associated Press Finance
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GLEN ALLEN, Va. (AP) — GLEN ALLEN, Va. (AP) — Markel Group Inc. (MKL) on Wednesday reported second-quarter earnings of $267.7 million.

On a per-share basis, the Glen Allen, Virginia-based company said it had net income of $18.62. Earnings, adjusted for non-recurring costs, came to $25.95 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $20.76 per share.

The insurer posted revenue of $3.7 billion in the period. Its adjusted revenue was $3.83 billion, which missed Street forecasts. Four analysts surveyed by Zacks expected $3.86 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