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GLEN ALLEN, Va. (AP) — GLEN ALLEN, Va. (AP) — Markel Corp. (MKL) on Wednesday reported first-quarter earnings of $488.7 million.
On a per-share basis, the Glen Allen, Virginia-based company said it had profit of $37.26. Earnings, adjusted for non-recurring gains, came to $17.35 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $16.23 per share.
The insurer posted revenue of $3.64 billion in the period. Its adjusted revenue was $3.27 billion, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $3.38 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a MKL">Zacks stock report on MKL at https://www.zacks.com/ap/MKL