Markel Group's Q4 results reflect improved net investment income and reduced operating expenses, offset by lower earned premiums.
Markel Group, Inc. (NYSE:MKL ) Q4 2024 Earnings Conference Call February 6, 2025 9:30 AM ET Company Participants Tom Gayner - CEO Brian Costanzo - CFO Jeremy Noble - President, Insurance Operations Mike Heaton - COO Conference Call Participants Mark Hughes - Truist Andrew Kligerman - TD Securities Andrew Anderson - Jefferies John Fox - Fenimore Asset Management Scott Heleniak - RBC Capital Markets Operator Good morning, and welcome to the Markel Group Fourth Quarter and Year-End 2024 Conference Call. All participants will be in listen-only mode.
Markel (MKL 6.96%) is often compared to an earlier-stage Berkshire Hathaway because it's an insurance company that also makes stock market investments and acquires businesses. And like Berkshire, Markel isn't known for its rapid price swings.
Although the revenue and EPS for Markel Group (MKL) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Markel Group (MKL) came out with quarterly earnings of $20.51 per share, beating the Zacks Consensus Estimate of $19.54 per share. This compares to earnings of $56.48 per share a year ago.
I rate Markel as a 'buy' due to its strong business model combining insurance, investments, and ventures, similar to Berkshire Hathaway. Markel stands out as a well-diversified insurance company with a robust business model. The company benefits from exceptional management, driving consistent performance and growth.
Markel Group (MKL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MKL is well-poised to grow on rate increases, strategic buyouts, new business volume, solid capital position and prudent capital deployment.
Markel Group (MKL) reported earnings 30 days ago. What's next for the stock?
MKL is well-poised to grow on rate increases, strategic buyouts, new business volume, solid capital position and prudent capital deployment.
Markel Group Inc. (NYSE:MKL ) Q3 2024 Earnings Conference Call October 31, 2024 9:30 AM ET Company Participants Tom Gayner - Chief Executive Officer Brian Costanzo - Chief Financial Officer Jeremy Noble - President, Insurance Operations Conference Call Participants Andrew Anderson - Jefferies Andrew Kligerman - TD Cowen Mark Hughes - Truist Scott Heleniak - RBC Operator Good morning, and welcome to the Markel Group Third Quarter 2024 Conference Call. [Operator Instructions] During the call today, we may make forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
MKL's Q3 results reflect improved net investment income and reduced operating expenses, offset by lower earned premiums.