Markel reports Q3 revenue $3.93B, consensus $3.8B

“I’m very pleased with our overall results and the progress we’ve made as a company this year,” said CEO Tom Gayner. “Revenues and adjusted operating income of our businesses are both up for the year and for the quarter. We’re seeing improvement in our insurance combined ratio. And $2.1B in operating cash flow has helped fund continued steady share repurchases. In short, the strength of our diversified approach is on display, and we’re seeing tangible signs of improvement in areas we’ve been focused on.”