Markel reports Q4 EPS $56.48 vs. $49.20 last year

Reports Q4 revenue $4.64B, consensus $3.76B. “We enjoyed excellent returns in 2023 from Markel Ventures, our investment operations, and many portions of our insurance business,” said Thomas Gayner, CEO. “While we remain focused on some areas of improvement for our insurance operations, our three-engine system continues to drive profitable growth. Strong operating cash flows from each of our insurance, investments, and Markel Ventures engines can now be reinvested to continue growing shareholder value.”