earnings
confidence high
sentiment negative
materiality 0.75
Markel reports $23.57 diluted loss per share for 2022; comprehensive loss of $1.3B
MARKEL GROUP INC.
2022-FY EPS reported
-$23.57
revenue$11,675,335,000
- Earned premiums grew 17% to $7.59B; combined ratio 92% (91.7% on a consolidated basis).
- Markel Ventures operating revenues rose 31% to $4.76B; operating income up 19%.
- Net investment losses of $1.60B driven by unrealized losses; net investment income up 22% to $447M.
- Operating cash flows totaled $2.7B, up 19% year-over-year; book value per share fell 10% to $929.27.
- Five-year compound annual growth in book value per share was 6%; share price CAGR of 3%.