GLEN ALLEN, Va. (AP) — GLEN ALLEN, Va. (AP) — Markel Group Inc. (MKL) on Wednesday reported first-quarter earnings of $121.7 million.
The Glen Allen, Virginia-based company said it had net income of $12.08 per share. Earnings, adjusted for non-recurring costs, came to $25.72 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $18.89 per share.
The insurer posted revenue of $3.4 billion in the period. Its adjusted revenue was $3.55 billion, which matched Street forecasts.
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