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Markel: 4Q Earnings Snapshot

February 6, 2019

GLEN ALLEN, Va. (AP) _ Markel Corp. (MKL) on Tuesday reported a fourth-quarter loss of $749.8 million, after reporting a profit in the same period a year earlier.

The Glen Allen, Virginia-based company said it had a loss of $53.88 per share. Earnings, adjusted for one-time gains and costs, came to $2.27 per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.31 per share.

The insurer posted revenue of $1.04 billion in the period. Its adjusted revenue was $1.89 billion, exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.83 billion.

For the year, the company reported a loss of $133 million, or $9.55 per share, swinging to a loss in the period. Revenue was reported as $7.28 billion.

Markel shares have dropped slightly since the beginning of the year. The stock has fallen almost 5 percent in the last 12 months.

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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

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