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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