Markel reports Q2 EPS $18.62, consensus $21.30

Reports Q2 revenue $3.7B, consensus $3.92B. “Our Insurance engine continued to make steady progress in the second quarter,” said Tom Gayner, Chief Executive Officer. “Insurance results included notably strong performance in our international operations, and it is encouraging to see that the corrective actions we’ve taken since the end of last year, particularly within our professional and general liability insurance product lines, are beginning to bear fruit. Markel Ventures continues to impress, turning in strong growth in operating income despite softening market conditions, and our net investment income continues to grow. In late June, we welcomed Valor Environmental to our Markel Ventures family of companies, bringing the Ventures engine to twenty businesses that contribute to the financial and cultural strength of Markel Group. As we look to the future, we continue to see opportunities to help our shareholders, customers and associates win.”