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Markel Corp (MKL)
NYSE:MKL
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
18Last Year’s EPS
20.65Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -0.34%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements in operating income growth, ventures performance, and equity portfolio gains. However, there were notable challenges in the insurance segment, particularly within the US specialty and reinsurance areas. While the company has made strides in addressing these issues, the increase in the expense ratio and continued struggles in certain insurance lines were concerning. The sentiment is balanced due to these mixed results.Company Guidance
During the Markel Group's fiscal year 2024 conference call, significant guidance was provided, highlighting numerous performance metrics. The company reported a total operating income of $3.7 billion, up from $2.9 billion in 2023, driven largely by unrealized gains in the equity portfolio, which saw a return of 20.1%. The insurance segment achieved $601 million in operating income, despite a mixed performance, with a combined ratio of 94.3%, showing improvement from 97.8% in 2023. Ventures' operating income was $520 million, supported by growth in consumer and building products. Markel's intrinsic value compounded at 18.3% over five years, compared to a total shareholder return of 8.6%. Additionally, the company executed share repurchases totaling $573 million in 2024, with an additional $2 billion authorized. Looking forward, Markel aims to enhance its insurance operations' profitability, improve efficiency, and better communicate ventures' performance to shareholders, with a focus on achieving consistent excellence across all operations.Strong Operating Income Growth
Markel Group's operating income was $3.7 billion in 2024, up from $2.9 billion in 2023, driven by unrealized gains in the equity portfolio.
Ventures Business Performance
Markel Ventures reported revenues exceeding $5 billion for the first time, with operating income of $520 million, driven by consumer and building products.
International Insurance Success
Markel International delivered a sub-80 combined ratio with strong growth and investments in new products and markets.
Equity Portfolio Gains
Equity portfolio earned a 20.1% return, with $1.8 billion in net investment gains included in 2024 operating income.
Share Repurchases
Markel Group repurchased $573 million in shares in 2024, with an additional $2 billion authorized for future repurchases.
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MKL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MKL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $1860.14 | $2059.83 | +10.74% |
| Oct 30, 2024 | $1566.18 | $1542.01 | -1.54% |
| Jul 31, 2024 | $1638.85 | $1566.38 | -4.42% |
| May 01, 2024 | $1476.34 | $1576.55 | +6.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Markel Corp (MKL) report earnings?
Markel Corp (MKL) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Markel Corp (MKL) earnings time?
Markel Corp (MKL) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MKL EPS forecast?
MKL EPS forecast for the fiscal quarter 2025 (Q1) is 18.
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