GLEN ALLEN, Va. (AP) — GLEN ALLEN, Va. (AP) — Markel Group Inc. (MKL) on Wednesday reported second-quarter earnings of $657.1 million.
The Glen Allen, Virginia-based company said it had net income of $49.67 per share. Earnings, adjusted for non-recurring gains, came to $25.46 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $24.74 per share.
The insurer posted revenue of $4.6 billion in the period. Its adjusted revenue was $4.02 billion, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $3.99 billion.
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