Markel reports Q2 EPS $49.67 vs. $18.62 last year

Reports Q2 revenue $4.6B vs. $3.7B last year. “We’ve made meaningful changes across our business in recent years, all with the goal of consistently compounding your capital,” said Tom Gayner, Chief Executive Officer of Markel (MKL) Group. “Our results included $1.4 billion in operating income through the first half of the year. Also, this quarter, we took another step to simplify the structure of our insurance business by placing reinsurance into run-off. That decision enables the team to focus more clearly on the core underwriting activities where we have distinct strengths.”