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Markel Corp (MKL)
NYSE:MKL
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$18.97Last Year’s EPS
$5.92Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 10.28%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong overall financial performance with significant growth in investment income and successful share repurchase initiatives. However, challenges such as elevated expense ratios, flat combined ratios, and higher attritional losses in specific insurance lines were also noted. Despite these challenges, the positive financial metrics and strategic initiatives suggest a healthy outlook.Company Guidance
In the third quarter of 2024 earnings call for Markel Group, CEO Thomas Gayner highlighted several key metrics that illustrate the company's financial progress over the past five years. As of September 30, 2024, Markel's total net investments reached $30.3 billion, marking a 68% increase from $18 billion on the same date in 2019. Underwriting and insurance operating income for the first nine months of 2024 was $458 million, up 84% from $249 million in 2019. Operating income from Markel Ventures operations also saw significant growth, totaling $388 million, a 117% rise from $179 million in 2019. Furthermore, recurring dividend and interest income nearly doubled, reaching $677 million compared to $339 million in the same period of 2019. The share price of Markel Group increased by 33% over the five-year span, from $1,180 in 2019 to about $1,570 in 2024. These metrics underscore the company's strategic progress and financial health.Significant Growth in Total Net Investments
As of September 30, 2024, total net investments summed up to $30.3 billion, a 68% increase from $18 billion on September 30, 2019.
Insurance and Operating Income Increase
Underwriting and insurance operating income for the first 9 months of 2024 was $458 million, an 84% increase from the $249 million earned in the first 9 months of 2019.
Strong Markel Ventures Growth
Markel Ventures operations earned $388 million in the first 9 months of 2024, a 117% increase from $179 million in the same period of 2019.
Increase in Recurring Dividend and Interest Income
Recurring dividend and interest income for the first 9 months of 2024 was $677 million, a 99% increase from $339 million in the same period of 2019.
Share Repurchase Initiative
The company repurchased $389 million of Markel Group common stock in the first 9 months of 2024, compared to $270 million in the same period last year.
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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 |
|---|---|---|---|
| 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% |
| Jan 31, 2024 | $1497.43 | $1395.13 | -6.83% |
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 Jan 29, 2025, TBA Not Confirmed.
What is Markel Corp (MKL) earnings time?
Markel Corp (MKL) earnings time is at Jan 29, 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 2024 (Q4) is $18.97.
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