05.02.2020, 22:48
Markel Corporation - Financial | Property & Casualty Insurance | USA
Markel (MKL) Q4 Earnings and Revenues Miss Estimates, Up Y/Y
Markel Corporation MKL reported fourth-quarter 2019 earnings of $6.57 per share, which missed the Zacks Consensus Estimate by 7.1% but were up 189.4% year over year.
The company witnessed year-over-year growth owing to strong contribution from its insurance and Markel Ventures. The acquisition of VSC Fire & Security aided Markel Ventures results.
Operational Update
Total operating revenues of $2.05 billion missed the Zacks Consensus Estimate by 0.8%. The top line rose 8.9% year over year on higher premiums, product and services plus other revenues, partly offset by lower net investment income.
Total operating expenses of Markel declined 7.5% year over year to $1.83 billion.
Markel’s combined ratio improved 1500 basis points (bps) year over year to 93% in the reported quarter.
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https://finance.yahoo.com/news/markel-mk...07522.html
![[Bild: MKLc1dl1546.png]](https://finviz.com/publish/020520/MKLc1dl1546.png)
Markel (MKL) Q4 Earnings and Revenues Miss Estimates, Up Y/Y
Markel Corporation MKL reported fourth-quarter 2019 earnings of $6.57 per share, which missed the Zacks Consensus Estimate by 7.1% but were up 189.4% year over year.
The company witnessed year-over-year growth owing to strong contribution from its insurance and Markel Ventures. The acquisition of VSC Fire & Security aided Markel Ventures results.
Operational Update
Total operating revenues of $2.05 billion missed the Zacks Consensus Estimate by 0.8%. The top line rose 8.9% year over year on higher premiums, product and services plus other revenues, partly offset by lower net investment income.
Total operating expenses of Markel declined 7.5% year over year to $1.83 billion.
Markel’s combined ratio improved 1500 basis points (bps) year over year to 93% in the reported quarter.
...
https://finance.yahoo.com/news/markel-mk...07522.html